On September 8, Howmet Aerospace Inc. fell 3.11% in pre-market trading to approximately $251.20 per share, with turnover of $1.328 million, as selling pressure from SpaceX's announced foray into gas turbine blade manufacturing continued to ripple through the stock.

The decline extends a wave of weakness that began after Elon Musk confirmed on social media that SpaceX would begin producing blades and vanes for natural gas turbines. The announcement directly challenged Howmet's dominant position as the holder of over 50% global market share in industrial gas turbine blades. According to a Morgan Stanley report, SpaceX plans to build a foundry producing single-crystal nickel-based superalloy components for both its Raptor engine turbopumps and gas turbines.

Despite the sharp selloff — with the stock previously dropping roughly 7.5% in a single session and retreating approximately 20% from recent highs — several Wall Street firms have pushed back on the bear thesis. Citi and Bernstein argued that SpaceX's move actually underscores surging demand from AI data center power needs and extreme turbine capacity scarcity, rather than competitive deterioration. Citi maintained a Buy rating with a $329 target, while Bernstein questioned whether SpaceX could achieve large-scale production within the proposed 18-month timeline, noting Howmet holds supply agreements with major turbine manufacturers extending through 2030.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)