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SpaceX stock gains: What its IPO signals about its future success
Yahoo Finance Video59d agoneutralVIDEO
SpaceX stock gains: What its IPO signals about its future success

SpaceX stock (SPCX) continues rising in Monday's pre-market trading (maintaining gains at the session open at the time of this video's posting) ahead of the space company's first full day of trading since its historic IPO last Friday. Morning Brief Host Julie Hyman and Barron's Investor Circle Newsletter editor Josh Schafer examine SpaceX's performance thus far and what it may signal about the success of the company in its future lifetime.

Exclusive-Tesla presented misleading ‘Full Self-Driving’ safety data to European regulators
Reuters59d agoneutral
Exclusive-Tesla presented misleading ‘Full Self-Driving’ safety data to European regulators

In its efforts to secure European approval of its “Full Self-Driving” (FSD) system, Tesla has presented self-published safety statistics to regulators in Sweden and the Netherlands that independent traffic-safety researchers have said amount to misleading marketing. A Reuters examination published last month found that Tesla CEO Elon Musk and other leaders over the past year have increasingly cited statistics they ‌say prove its FSD driver-assistance feature is up to 10 times safer than human drivers. Tesla has presented the ‌inflated safety data to some European regulators, according to correspondence obtained by Reuters through public records requests, as the EV maker seeks wider approval of FSD in a region where it is trying to regain market share.

Rivian CEO reveals a costly mistake EV rivals keep making
TheStreet60d agoneutral
Rivian CEO reveals a costly mistake EV rivals keep making

Rivian (RIVN) is finally moving into the part of the electric vehicle market that could determine its future. The electric vehicle business is delivering its new R2 SUV, a more compact, affordable car that many investors view as Rivian’s greatest hope for breaking out of its niche as a builder of ...

Mag 7? MANGOS? SpaceX forces name rethink on Wall Street's tech-stock moniker
Reuters61d agoneutral
Mag 7? MANGOS? SpaceX forces name rethink on Wall Street's tech-stock moniker

SpaceX roared into markets this past week with a valuation of more than $2 trillion, surpassing two members of Wall Street's "Magnificent Seven" and raising a key question: Does the Mag 7 name still fit? ‌And if not, what should replace it? The IPO, the biggest in U.S. history, vaulted SpaceX's value above two Mag 7 members: ‌CEO Elon Musk's other company, Tesla, and Meta Platforms. With SpaceX's arrival, "it becomes very hard to keep using Mag 7 as the clean shorthand for market leadership because one of the most important companies in the world would immediately be outside the label," said Shay Boloor, chief market strategist at Futurum Equities.

These Other Tech Billionaires Trail Musk’s Fortune
The Wall Street Journal62d agoneutral
These Other Tech Billionaires Trail Musk’s Fortune

As the world’s first trillionaire, Elon Musk is incredibly wealthy even by the standards of the incredibly wealthy. (He’s worth $1.2 trillion this afternoon at recent share prices for SpaceX and Tesla.

Wealth Expert: SpaceX IPO Will Likely Make Elon Musk the World’s First Trillionaire
24/7 Wall St.62d agoneutral
Wealth Expert: SpaceX IPO Will Likely Make Elon Musk the World’s First Trillionaire

CNBC Wealth Editor correspondent Robert Frank delivered a milestone moment on air this morning, saying: “By the end of today, Elon Musk will likely become the world’s first trillionaire.” This comes as the result of the long-awaited SpaceX IPO, which is poised to revalue Musk’s privately held stake at public-market multiples and push his net ... Wealth Expert: SpaceX IPO Will Likely Make Elon Musk the World’s First Trillionaire

SpaceX IPO: Nasdaq is the home for 'the trillion dollar companies'
Yahoo Finance Video62d agoneutralVIDEO
SpaceX IPO: Nasdaq is the home for 'the trillion dollar companies'

Elon Musk's SpaceX (SPCX) began trading on the Nasdaq after its IPO on Friday, June 12. Nasdaq (NDAQ) President Nelson Griggs sits down with Yahoo Finance Executive Editor Brian Sozzi and Market Catalysts Host Julie Hyman to discuss the public debut, making SpaceX the second Elon Musk-run company to premiere on the Nasdaq.

SpaceX Raises Record $75 Billion in Historic IPO, Reaches $1.8 Trillion Valuation
24/7 Wall St.62d agoneutral
SpaceX Raises Record $75 Billion in Historic IPO, Reaches $1.8 Trillion Valuation

SpaceX just rewrote the IPO record book. The company sold more than 555 million shares at $135 each, raising $75 billion and landing a valuation of nearly $1.8 trillion. According to CNBC’s Melissa Lee, that places SpaceX as the seventh most valuable U.S. company, ahead of Tesla (NASDAQ:TSLA), and pushes Elon Musk to the edge ... SpaceX Raises Record $75 Billion in Historic IPO, Reaches $1.8 Trillion Valuation

What SpaceX's IPO means for investors and the future of innovation
Yahoo Finance Video62d agoneutralVIDEO
What SpaceX's IPO means for investors and the future of innovation

Laffer Tengler Investments CEO & CIO Nancy Tengler joins Yahoo Finance Executive Editor Brian Sozzi on Opening Bid to discuss the broader implications of the SpaceX (SPCX) IPO, from its impact on investors to what the company's public debut could mean for innovation, markets, and society.

Why SpaceX's IPO sets Elon Musk to become the world's first trillionaire
Yahoo Finance Video62d agoneutralVIDEO
Why SpaceX's IPO sets Elon Musk to become the world's first trillionaire

SpaceX (SPCX) CEO Elon Musk was propelled to trillionaire status — the first-ever in history — on Friday as SpaceX's initial public offering (IPO) became the latest addition to his publicly traded corporate empire. Morning Brief host Julie Hyman is joined by Yahoo Finance Senior Reporter Pras Subramanian and Trustless Media Founder Zack Guzman to discuss.

Tesla Shares Volatile Ahead of SpaceX Debut
The Wall Street Journal62d agoneutral
Tesla Shares Volatile Ahead of SpaceX Debut

Tesla shares swung between gains and losses after the open, recently trading modestly lower. Elon Musk’s army of retail investor fans have long supported Tesla shares, and some analysts have raised concerns that traders defecting to SpaceX could put pressure on Tesla.

Bloomberg62d agoneutral
SpaceX’s Record IPO Is Said to Draw Over $350 Billion in Demand

(Bloomberg) -- SpaceX’s historic $75 billion IPO drew more than $350 billion in demand from institutions and retail investors, according to people familiar with the matter.Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeXbox Plans Significant Layoffs as New CEO Plans OverhaulUS, Iran Edge Toward Interim Deal Signing Close to G7 Next WeekTrump Insists Iran Deal Is Close After Scrapping New StrikesUAE and Iran Meet Face-to-Face to Try to Deescalate TensionsThe lar

SpaceX raises $75B in historic IPO, valued at $1.77 trillion
Yahoo Finance Video62d agoneutralVIDEO
SpaceX raises $75B in historic IPO, valued at $1.77 trillion

The big day is here as SpaceX (SPCX) prepares to go public on the Nasdaq via its historic IPO. Elon Musk's space operator raised $75 billion after pricing 555,555,555 shares at $135 each. Morning Brief Host Julie Hyman is joined by Yahoo Finance Senior Reporter Pras Subramanian and Trustless Media Founder Zack Guzman to discuss SpaceX's IPO pricing.

Individual Investors Received 20% of IPO Shares, Sources Say
The Wall Street Journal62d agoneutral
Individual Investors Received 20% of IPO Shares, Sources Say

SpaceX allocated around 20% of its $75 billion offering to individual investors, according to people familiar with the matter. That figure is significantly higher than the typical 5% to 7% range in an IPO allocated to so-called retail investors.