Trending Tickers: $DM Court Win, $DJT ETF Plans, $VSAT Moon Deal
This week, several stocks caught investors’ attention, driven by significant developments and market momentum. Here’s the breakdown of this week’s trending stocks:
Desktop Metal ($DM) Wins Court Ruling, Forcing Nano Dimension to Complete Merger
Desktop Metal ($DM) announced that the Delaware Court of Chancery has ruled in its favor, ordering Nano Dimension ($NNDM) to complete their pending merger agreement. The court found that Nano materially breached the merger agreement signed on July 2, 2024, and rejected all of Nano’s counterclaims. As part of the ruling, Nano must sign a national security agreement with U.S. regulators within 48 hours—a final step before closing the merger.
This follows a months-long legal battle, after Desktop Metal filed a lawsuit in December 2024, accusing Nano of failing to make a good-faith effort to obtain regulatory approval. The merger, originally valued at up to $183 million, was pitched as a transformative move to create a global leader in additive manufacturing.
According to the court, if the deal is not closed by March 31, 2025, Desktop Metal has the option to extend the deadline until the merger is completed. The ruling marks a major legal and strategic win for Desktop Metal, as it moves closer to finalizing a deal that could significantly boost its scale, customer reach, and long-term profitability goals.
Stock Price Movement
$DM soared 99% following the court ruling, as investors welcomed the clear path toward deal completion. Meanwhile, $NNDM dropped 17%, reflecting market concerns about the forced nature of the merger and its financial impact on Nano Dimension.
Trump Media ($DJT) Plans ETF Launch in Partnership with Crypto.com
Trump Media & Technology Group ($DJT), operator of Truth Social and the Truth+ streaming platform, announced plans to partner with Crypto.com to launch a series of America First-branded ETFs under its Truth.Fi fintech arm. The agreement is currently non-binding and subject to regulatory approval.
The upcoming ETFs are expected to include both digital assets like Bitcoin and Cronos, as well as U.S.-focused equities across industries such as energy and technology. According to the company, these investment products aim to reflect “pro-growth, pro-America” values.
Crypto.com will support the project through its broker-dealer, Foris Capital US, by handling custody and providing the backend tech and crypto assets. Once launched, the ETFs are expected to be available across U.S., European, and Asian platforms, including Crypto.com’s app.
TMTG also plans to invest up to $250 million of its own capital in both the ETFs and associated Separately Managed Accounts (SMAs) through Charles Schwab, as part of a broader push into financial services.
Stock Price Movement
$DJT rose 8.85% following the announcement
Viasat ($VSAT) to Lead Lunar Comms for ESA Moonlight Project
Viasat ($VSAT) has been selected to lead the communications segment of the European Space Agency’s Moonlight program, which aims to create Europe’s first satellite network in lunar orbit. According to the company, Viasat will work alongside Telespazio and a group of European and UK partners to design and develop a system supporting navigation and communications for future missions both on the Moon and in orbit.
- Project Scope: Viasat stated it will lead the end-to-end design of the lunar communication system, covering connectivity for landers, rovers, orbiters, and lunar vehicles, as well as Earth-based infrastructure and surface user terminals.
- Purpose of Moonlight: According to ESA, the Moonlight network will act as a data highway between Earth and the Moon, improving access to navigation and real-time communications for future exploration and science missions.
- UK Involvement: The UK Space Agency selected Viasat to coordinate the UK’s contribution to the program. The company said work will be led from its London-based international headquarters.
- Consortium Partners: The wider Moonlight consortium includes Telespazio, Hispasat, Thales Alenia Space Italia, SSTL, MDA, and others. Telespazio, the program’s prime contractor, signed a €123 million contract with ESA for Phase 1 in late 2024.
- Timeline & Funding: According to Viasat, Phase 1 is fully funded by ESA, with initial service deployment targeted for the end of 2028 and full operations by 2030.
The project is part of broader efforts by ESA and its partners to establish shared infrastructure that supports future scientific, commercial, and potentially industrial activity on the Moon.
Stock Price Movement
$VSAT stock jumped 14.4% following the announcement.
This article is for informational purposes only and is not investment advice or a solicitation to buy or sell securities. The content is based on publicly available information and reflects the author’s opinions as of the publication date, which may change without notice. All investments carry inherent risks, including the potential loss of principal, and past performance is not indicative of future results. Forward-looking statements, including references to projected revenues, market trends, or business developments, are based on current expectations and assumptions. Actual results may differ due to various factors, including regulatory changes, economic conditions, competitive pressures, and unforeseen market fluctuations. Readers should conduct their own research or consult a financial advisor before making investment decisions. BBAE holds no position in the securities mentioned, nor are they compensated by the companies mentioned.
