Howmet Aerospace is trading 10.37% down now at $232.38 after investors renewed concerns that SpaceX may cast gas-turbine blades and vanes internally, potentially reducing demand for specialized suppliers.
- The plan targets a production bottleneck supporting SpaceX’s 20-gigawatt AI data-center power project.
- Bernstein and Citi said it primarily reflects industry capacity constraints and may not materially threaten Howmet’s position.
- The Dow is down 1.15%, adding pressure to risk sentiment.