Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning.

Good morning. Today is Monday, October 14th. I'm Julie Morgan.

SpaceX takes another step forward.

B Riley's Great American is exchanging hands,

and Sentinel One is one of the biggest movers of the day pre-market.

SpaceX on Sunday conducted a fifth test flight of its Starship.

Starship successfully returned the rocket's massive first stage booster back to a launch pad for the first time ever using giant mechanical arms.

The test flight marked another step forward in Starship's ultimate goal to become a commercial fully reusable rocket with the payload

capacity of 100 to 150 tons and for transportation of humans to the moon and eventually Mars.

The vehicle lifted off from SpaceX's launch facilities in South Texas at 825 Eastern time on Sunday.

After takeoff and descent, the second stage of the rocket separated while the first stage, the super heavy booster came back to the launch pad and was captured by the mechanical arms that have been dubbed Mecca zilla by the company.

Elon Musk noted the event on his ex-social media platform.

If you go to the show notes section of this podcast,

you will see a link for this article,

and you'll also find a link within that article for a video of the capture shared by the company.

Starship's initial three test flights ended in flames in various stages of testing as the vehicle eventually exploded.

The company successfully completed a full flight for the first time in June on the fourth attempt.

SpaceX only secured U.S. Federal Aviation Administration approval for the fifth test flight on Saturday.

The company had earlier said the regulator had indicated an approval would not be granted until late November, a timeline that Space had criticized.

B Riley has agreed to sell its great American appraisal and valuations business to Oak Tree Capital in a nearly $400 million cash and stock deal.

The Wall Street Journal reported on Sunday citing people familiar with the matter. According to the report, B Riley will receive $2003 million in cash.

$183 million in preferred equity interest in a new holding company for Great American and a minority share of common equity interest in the holding company adding that Oak Tree will own most of the common shares.

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