IMI (OTC:IMIUY) Stock, Quote.Headers.trade-ideas

IMI PLC is engaged in designing, building, and servicing engineered products in fluid and motion control applications It develops technologies centered around valves and actuators to improve processes. It focuses on five market sectors: Process Automation, Industrial Automation, Life Science and Fluid Control, Climate Control, and Transport. Solutions can help with power generation in nuclear power plants, fuel delivery, or provide heating and cooling systems to various buildings. Customers work in energy, transportation, infrastructure, and other industrial sectors. It operates a service network to provide maintenance and repairs. Geographic Revenue based on Europe, the Americas, Asia Pacific, and the Middle East and Africa.

IMI PLC

Jefferies analyst Brian Tanquilut upgrades Option Care Health (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPCH#NASDAQ">OPCH</a>) from Hold to Buy and raises the price target from $26 to $35.

News

Upgrades

Price Target

Analyst Ratings

OPCH

Jefferies Upgrades Option Care Health to Buy, Raises Price Target to $35

Jefferies analyst Stephanie Moore downgrades Casella Waste Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWST#NASDAQ">CWST</a>) from Buy to Hold and lowers the price target from $115 to $113.

Downgrades

CWST

Jefferies Downgrades Casella Waste Sys to Hold, Lowers Price Target to $113

The first FcRn blocker to demonstrate sustained disease control over 24 weeks in antibody positive adult patients: anti-AChR+, anti-MuSK+, anti-LRP4+.
Nipocalimab demonstrated a sustained reduction in autoantibody levels, one of the underlying causes of gMG, by up to 75% over a period of 24 weeks.

Johnson & Johnson Reports Publication Of Findings From Nipocalimab Phase 3 Study In Broad Antibody Positive Population Of People With Generalized Myasthenia Gravis In The Lancet Neurology

Skinvisible Pharmaceuticals, Inc. ("Skinvisible" or "the Company"), (OTCQB:SKVI), an innovative topical and transdermal pharmaceutical research and development company, with proprietary Invisicare&#xAE; drug delivery technology, today announces significant achievements in 2024 and 2025, through its licensee Quoin Pharmaceuticals' progress in Netherton Syndrome treatment.
Skinvisible granted Quoin an exclusive, royalty-bearing license to its technology for use in select rare skin diseases and for the right to use its proprietary formula for Netherton Syndrome. Netherton Syndrome is a hereditary disorder affecting the skin, hair, and immune system, currently lacking an approved treatment or cure. Quoin is responsible for obtaining all FDA and other regulatory body approvals necessary to market the products in the US and other countries. Upon the successful completion of FDA or EU approval, Skinvisible is entitled to receive a milestone payment of $5 million and ongoing royalties from sales.

Government

Regulations

QNRX

SKVI

Quoin Pharma Advances Netherton Syndrome Treatment, Partners with Skinvisible for FDA-Approved Topical Innovation

BMO Capital analyst Jack Matten initiates coverage on MetLife (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MET#NYSE">MET</a>) with a Market Perform rating and announces Price Target of $97.

Initiation

BMO Capital Initiates Coverage On MetLife with Market Perform Rating, Announces Price Target of $97

BMO Capital analyst Jack Matten initiates coverage on Globe Life (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GL#NYSE">GL</a>) with a Market Perform rating and announces Price Target of $114.

BMO Capital Initiates Coverage On Globe Life with Market Perform Rating, Announces Price Target of $114

BMO Capital analyst Jack Matten initiates coverage on Equitable Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQH#NYSE">EQH</a>) with a Outperform rating and announces Price Target of $70.

BMO Capital Initiates Coverage On Equitable Hldgs with Outperform Rating, Announces Price Target of $70

BMO Capital analyst Jack Matten initiates coverage on Principal Finl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFG#NASDAQ">PFG</a>) with a Market Perform rating and announces Price Target of $93.

BMO Capital Initiates Coverage On Principal Finl Gr with Market Perform Rating, Announces Price Target of $93

BMO Capital analyst Jack Matten initiates coverage on CNO Finl Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNO#NYSE">CNO</a>) with a Market Perform rating and announces Price Target of $38.

BMO Capital Initiates Coverage On CNO Finl Group with Market Perform Rating, Announces Price Target of $38

BMO Capital analyst Jack Matten initiates coverage on Corebridge Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRBG#NYSE">CRBG</a>) with a Outperform rating and announces Price Target of $43.

CRBG

BMO Capital Initiates Coverage On Corebridge Financial with Outperform Rating, Announces Price Target of $43

Sam Altman, CEO of OpenAI, has publicly expressed his support for President Donald Trump. This revelation comes years after he praised LinkedIn co-founder Reid Hoffman for stopping his re-election.
What Happened: Altman disclosed that his perspective on President Trump has evolved. He mentioned that observing the president more closely has shifted his views. Altman admitted to previously falling into what he termed the &#8220;npc trap,&#8221; suggesting a lack of personal critical thinking.
He added that although he does not agree with Trump on every issue, Altman believes the president will have a positive impact on the country. This shift in Altman&#8217;s stance is part of a larger trend where tech leaders are increasingly engaging with political figures.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">watching <a href="https://twitter.com/POTUS?ref_src=twsrc%5Etfw">@potus</a> more carefully recently has really changed my perspective on him (i wish i had done more of my own thinking and definitely fell in the npc trap). i&#39;m not going to agree with him on everything, but i think he will be incredible for the country in many ways!
&mdash; Sam Altman (@sama) <a href="https://twitter.com/sama/status/1882234406662000833?ref_src=twsrc%5Etfw">January 23, 2025</a></blockquote>
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His comments arise amidst ongoing discussions about technology&#8217;s role in shaping public policy and governance.
Also See: <a href="https://www.benzinga.com/25/01/43152627/microsoft-ceo-satya-nadella-stands-firm-after-elon-musk-questions-stargates-100-billion-funding-potential-all-i-know-is-im-good-for-my-80-billion">Satya Nadella Stands Firm After Elon Musk Questions Stargate&#8217;s $100 Billion Funding Potential: &#8216;All I Know Is, I&#8217;m Good For My $80 Billion&#8217;</a>
"Very few people realize just how much @reidhoffman did and spent to stop Trump from getting re-elected&#8211;it seems reasonably likely to me that Trump would still be in office without his efforts. Thank you, Reid!"
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Very few people realize just how much <a href="https://twitter.com/reidhoffman?ref_src=twsrc%5Etfw">@reidhoffman</a> did and spent to stop Trump from getting re-elected&#8211;it seems reasonably likely to me that Trump would still be in office without his efforts. Thank you, Reid!
&mdash; Sam Altman (@sama) <a href="https://twitter.com/sama/status/1471210631969660930?ref_src=twsrc%5Etfw">December 15, 2021</a></blockquote>
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Why It Matters: Altman&#8217;s comments come at a time when&nbsp;<a href="https://www.benzinga.com/24/12/42334927/sam-altman-brushes-off-elon-musks-trump-ties-but-admits-xai-is-a-serious-threat-to-openai-i-may-turn-out-to-be-wrong-but">political dynamics</a>&nbsp;in the tech industry are under scrutiny. In December, Altman expressed confidence that&nbsp;Elon Musk&nbsp;would not misuse his political influence, despite Musk&#8217;s ties with President Trump.
This was during a period when Altman acknowledged Musk&#8217;s xAI as a significant competitor to OpenAI.
<a href="https://www.benzinga.com/25/01/43111153/nvidia-and-ai-stock-rises-as-trump-announces-500-billion-stargate-ai-infrastructure-venture">Project Stargate</a>&nbsp;was announced earlier this week – it is a $500 billion AI infrastructure venture involving OpenAI, SoftBank Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>), and Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>). This initiative aims to establish the U.S. as a leader in AI technology.
However, Musk&nbsp;expressed skepticism about the project&#8217;s funding, suggesting that the lead investor, SoftBank, had secured less than $10 billion. Despite this, the venture has sparked interest in AI stocks, including NVIDIA and Oracle.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/25/01/43073185/mark-zuckerberg-is-copying-elon-musks-playbook-amid-donald-trumps-comeback-but-chamath-palihapitiya-thinks-it-is-opportunistic">Mark Zuckerberg Is Copying Elon Musk&#8217;s Playbook Amid Donald Trump&#8217;s Comeback, But Chamath Palihapitiya Thinks It Is Opportunistic</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photos courtesy: Shutterstock

Politics

Tech

ORCL

SFTBY

OpenAI's Sam Altman Flip Flops On Trump After $500 Billion Stargate AI Project, Says 'I Wish I Had Done More Of My Own Thinking'

TikTok-parent ByteDance is reportedly gearing up to invest over $12 billion in artificial intelligence infrastructure by 2025.
What Happened: The Beijing-based tech giant has allocated approximately RMB 40 billion ($5.5 billion) for AI chip acquisitions within China, effectively doubling its expenditure from the previous year, <a href="https://www.ft.com/content/0815c8fb-e6ed-478b-abb1-c67d6f48fd3a">reported</a> the Financial Times, citing two people familiar with the plans.
ByteDance also plans to invest around $6.8 billion overseas to <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/12/42725613/tiktok-parent-plans-7-billion-ai-push-with-nvidia-chips">improve its model training</a> capabilities using advanced Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) chips.
About 60% of ByteDance&#8217;s domestic semiconductor orders are expected to be fulfilled by Chinese suppliers like Huawei Technologies and Cambricon. The remaining orders will involve Nvidia chips modified to comply with U.S. export restrictions, the report noted.
See Also: <a href="https://www.benzinga.com/25/01/43151196/samsung-google-team-up-to-develop-ar-glasses-entering-the-race-against-meta-and-apple">Samsung, Google Team Up On AR Glasses Development, Duo To Enter Race Against Meta And Apple</a>
Why It Matters: This substantial investment is part of ByteDance&#8217;s strategy to expand its AI infrastructure and maintain its competitive edge in the AI sector.&nbsp;
However, it may encounter challenges due to U.S. export controls aimed at limiting Chinese access to sensitive technologies.
ByteDance is currently the <a href="https://www.benzinga.com/media/24/12/42382237/tiktok-parent-bytedance-now-nvidias-largest-asian-chip-customer-races-ahead-of-alibaba-and-baidu-to-dominate-chinas-generative-ai-market-report">largest buyer of Nvidia chips</a> in Asia, surpassing competitors such as Alibaba and Baidu.
The TikTok parent is restricted to purchasing less advanced chips like Nvidia&#8217;s H20, which are specifically designed with reduced capabilities to comply with U.S. export restrictions for Chinese data centers.
In 2024, ByteDance reportedly procured around 230,000 Nvidia chips, primarily H20 models, according to estimates from tech consultancy Omdia.
For comparison, Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) acquired approximately 485,000 of Nvidia&#8217;s more advanced "Hopper" chips during the same period, while Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) purchased 224,000.
ByteDance is also under significant pressure in its primary social media business. TikTok resumed operations for 170 million U.S. users on Sunday. On Monday, President Donald Trump issued an executive order allowing TikTok to remain operational for 75 days.
However, he underscored his expectation for a U.S. company to acquire a 50% ownership stake in the app and hinted at the possibility of imposing tariffs on China if a deal was not reached.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/01/43152627/microsoft-ceo-satya-nadella-stands-firm-after-elon-musk-questions-stargates-100-billion-funding-potential-all-i-know-is-im-good-for-my-80-billion">Satya Nadella Stands Firm After Elon Musk Questions Stargate&#8217;s $100 Billion Funding Potential: &#8216;All I Know Is, I&#8217;m Good For My $80 Billion&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Global

MSFT

NVDA

TikTok-Parent ByteDance Plans $12 Billion AI Chip Investment In 2025 To Bolster Global AI Ambitions Amid US Export Controls: Report

BMO Capital analyst Jack Matten initiates coverage on Prudential Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRU#NYSE">PRU</a>) with a Underperform rating and announces Price Target of $101.

BMO Capital Initiates Coverage On Prudential Financial with Underperform Rating, Announces Price Target of $101

Renowned investor Cathie Wood, CEO of Ark Invest believes President Donald Trump&#8217;s second administration could breathe new life into the struggling initial public offering landscape, potentially creating significant opportunities for investors and venture funds.
What Happened: In a recent Bloomberg ETF IQ interview, Wood highlighted the potential for regulatory changes that could dramatically transform public markets. &#8220;I hope regulatory changes will revive the public markets,&#8221; she <a href="https://www.bloomberg.com/news/videos/2025-01-22/cathie-wood-on-ark-etfs-ipos-m-a-tiktok-video">stated</a>, noting that the number of publicly traded companies has halved over the last two decades.
Wood&#8217;s ARK Investment Management sees particular promise in innovation-driven sectors, especially healthcare and artificial intelligence. 
She specifically pointed to her ARK Genomic Revolution ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKG#BATS">ARKG</a>) as an underestimated investment, anticipating substantial changes in biotech and pharmaceutical <a href="https://www.benzinga.com/general/biotech/24/11/42206182/cathie-wood-sees-400b-opportunity-in-biologics-how-have-her-bets-fared">markets where $400 billion</a> in revenue is set to go off-patent within five years.
See Also: <a href="https://www.benzinga.com/news/25/01/43152917/elon-musk-led-doge-targets-us-penny-over-179m-annual-production-cost">Elon Musk&#8217;s DOGE Takes Aim At The US Penny Citing Soaring Production Costs</a>
Why It Matters: The investor expressed optimism about potential liquidity events that have been constrained during the previous administration. &#8220;We believe the IPO market will open up and give us opportunities to diversify our portfolios,&#8221; Wood said.
Specific sectors Wood highlighted include autonomous technology, with robotaxis representing a significant AI application, and healthcare transformation. She emphasized the potential for technological innovation, particularly in multi-omics and genomics spaces.
The potential market shifts come amid broader economic discussions. Former Treasury Secretary Larry Summers has warned about possible economic disruptions from proposed policies, suggesting <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42183404/cathie-wood-bets-on-thriving-ipo-market-under-trump-will-giveliquidity-events-that-they-have-not-enjoyed-during-the-last-four-years">significant macroeconomic implications</a> could accompany potential market changes.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/01/43152627/microsoft-ceo-satya-nadella-stands-firm-after-elon-musk-questions-stargates-100-billion-funding-potential-all-i-know-is-im-good-for-my-80-billion">Satya Nadella Stands Firm After Elon Musk Questions Stargate&#8217;s $100 Billion Funding Potential: &#8216;All I Know Is, I&#8217;m Good For My $80 Billion&#8217;</a></li>
</ul>
Image via Benzinga YouTube and Unsplash
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Markets

ARKG

Cathie Wood Sees Trump's Second Term Reviving IPO Market, Unlocking Opportunities In Biotech And AI Sectors

BMO Capital analyst Jack Matten initiates coverage on Aflac (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AFL#NYSE">AFL</a>) with a Market Perform rating and announces Price Target of $111.

BMO Capital Initiates Coverage On Aflac with Market Perform Rating, Announces Price Target of $111

BMO Capital analyst Jack Matten initiates coverage on Primerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRI#NYSE">PRI</a>) with a Market Perform rating and announces Price Target of $311.

BMO Capital Initiates Coverage On Primerica with Market Perform Rating, Announces Price Target of $311

BMO Capital analyst Jack Matten initiates coverage on Unum Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNM#NYSE">UNM</a>) with a Outperform rating and announces Price Target of $91.

BMO Capital Initiates Coverage On Unum Gr with Outperform Rating, Announces Price Target of $91

Earnings

Earnings Beats

TAL Education Q3 2025 Adj. EPADS $0.06 Beats $0.04 Estimate, Sales $606.446M Beat $542.189M Estimate

Cryptocurrency index fund manager Bitwise Asset Management filed for a Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) exchange-traded fund on Wednesday, prompting analysts to forecast big returns for the dog-themed meme coin.
What happened: Bitwise submitted the ETF <a href="https://icis.corp.delaware.gov/eCorp/EntitySearch/NameSearch.aspx?_=1737585406503">filing </a>to Delaware's Department of State's Division of Corporations. The filing was made under the entity name BITWISE DOGECOIN ETF, with CSC Delaware Trust Company listed as the registered agent.
While Bitwise didn't immediately return Benzinga's request to confirm the filing, leading ETF analyst Eric Balchunas said on X that the filing was legitimate.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Bitwise Doge ETF likely coming soon.. and yes I checked and this is def legit (vs some whack job committing forgery for a quick pump a la BlackRock XRP that one time). <a href="https://t.co/MxoswD0IFy">pic.twitter.com/MxoswD0IFy</a>
&mdash; Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1882202309293433217?ref_src=twsrc%5Etfw">January 22, 2025</a></blockquote>
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See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43151588/cathie-wood-was-asked-if-she-would-buy-trump-coin-heres-what-she-said">Cathie Wood Was Asked If She Would Buy TRUMP Coin, Here&#8217;s What She Said</a>
The Delaware registration is typically the first step in the ETF listing process and still requires an official filing with the SEC.&nbsp;
Similar listings were seen previously for iShares Bitcoin Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>) and iShares Ethereum Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETHA#NASDAQ">ETHA</a>), and even the <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41134111/after-bitcoin-ethereum-an-xrp-etf-bitwise-registers-filing-in-delaware-amid-rippe-vs-sec-l">XRP ETF</a> filed by Bitwise last year.
Following the filing, Ali Martinez, a well-known cryptocurrency analyst and trader, issued a massively bullish price target of $15 for Dogecoin. At the current price, this pointed to a staggering upside of 4140.88%
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> ETF will send it to $15! <a href="https://t.co/4peKi93NZX">https://t.co/4peKi93NZX</a> <a href="https://t.co/gRqDdoXhob">pic.twitter.com/gRqDdoXhob</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1882196406800445537?ref_src=twsrc%5Etfw">January 22, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Why It Matters: Bitwise&#8217;s registration comes after REXShares and Osprey filed numerous ETF applications with the SEC earlier this week, <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43105356/meme-coin-supercycle-dogecoin-trump-bonk-futures-etf-applications-filed">including one</a> for Dogecoin.
These filings were factored into prediction markets, as the odds of a Dogecoin ETF being approved in 2025 <a href="https://polymarket.com/event/doge-etf-approved-in-2025">increased </a>from 36% to 53% on Polymarket before stabilizing at 48% as of this writing.
Meanwhile, the iconic Shiba Inu imagery, a symbol closely tied to Dogecoin's popularity, <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43140690/dogecoin-drops-6-after-doge-department-removes-logo">was removed</a> from the Elon Musk-headed Department of Government Efficiency&#8217;s website.
Price Action: At the time of writing, Dogecoin was exchanging hands at $0.3535, down 3.07% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Year-to-date, the cryptocurrency has gained 8.43%.&nbsp;
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/25/01/43150952/blackrock-ceo-larry-fink-says-bitcoin-could-rise-to-700000-on-monetary-debasement-political-instability-fears">Blackrock CEO Larry Fink Says Bitcoin Could Rise To $700,000 On Fiat Fears: &#8216;If You&#8217;re Frightened Of The Debasement…&#8217;</a></li>
</ul>
Image via Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

General

$DOGE

ETHA

IBIT

Bets Favoring Dogecoin ETF Approval In 2025 Jump After Bitwise's Delaware Filing—Top Trader Paints Over 4000% Upside For Memecoin

Elon Musk&#8216;s rocket manufacturing company SpaceX intends to put up a SpaceX Gigabay at Cape Canaveral in Florida by Aug. 2026, according to a new filing with the Federal Aviation Administration. 
What Happened: According to the filing, construction is planned to start in April this year and the vertical integration facility will be 380 feet tall and expected to handle the assembly and integration of SpaceX&#8217;s Starship launch vehicle.
All development and manufacturing of the Starship currently takes place at Starbase in Texas. All of the Starship's past test flights were launched from the commercial spaceport in Cameron County near the Gulf of Mexico.
However, in May, Musk took to social media and said the company aims to build two Starship towers at Cape Canaveral in Florida, hinting at plans to launch Starships from the state. While one of the two towers is expected to be at Kennedy Space Center Launch Complex 39A, the location for the second is still under consideration, the CEO said.
"We&#8217;re aiming to build two towers at the Cape for Starship, one at 39A and another tbd (we don&#8217;t have final approval yet)," Musk wrote.
Why It Matters:&nbsp;The Starship vehicle is part of big dreams. While NASA is looking forward to landing humans back on the surface of the Moon after a gap of over 50 years with the help of a&nbsp;<a href="https://www.benzinga.com/24/11/42108681/spacex-shows-off-conceptual-version-of-starship-which-will-help-humans-land-back-on-moon-in-over-50-yrs" target="_blank" rel="noreferrer noopener">custom version of Starship</a>, Musk is dreaming of taking&nbsp;<a href="https://www.benzinga.com/news/24/09/40770222/elon-musk-sets-2026-for-starships-first-uncrewed-mars-mission-targeting-successful-landing" target="_blank" rel="noreferrer noopener">humans to the planet Mars</a>&nbsp;aboard Starship.
&#8220;…I would not be surprised if we fly 400 Starship launches in the next four years," SpaceX President and COO&nbsp;Gwynne Shotwell&nbsp;<a href="https://www.benzinga.com/general/space/24/11/42105704/spacex-ceo-elon-musk-reveals-technical-glitch-that-led-company-to-drop-key-objective-of-starships-6th-test-flight" target="_blank" rel="noreferrer noopener">said at the Baron Investment Conference</a>&nbsp;in New York in November.
Starship is currently in the testing and development phase. The company has conducted seven test flights of the vehicle thus far starting in April 2023. The last flight test took place earlier this month.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/01/43152345/bmw-uk-exits-elon-musks-x-to-continue-posting-on-instagram-facebook">BMW UK Stops Posting On X, Will Use It Only For Customer Support: To Continue Posting On Instagram, Facebook</a></li>
</ul>
Photo courtesy: Shutterstock

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