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Musk Swaps 300 Million Tesla Options for Shares He Can Vote
The Wall Street Journal57d agoneutral
Musk Swaps 300 Million Tesla Options for Shares He Can Vote

Elon Musk boosted his voting power in Tesla to 20% by turning some of his stock options into shares that he can immediately vote but can’t sell until 2028. Fresh off last week’s SpaceX IPO, Musk made good on an April agreement with Tesla to convert outstanding options on roughly 300 million shares that he received from a 2018 pay package, securities filings show. The unusual transaction meant Musk didn’t walk away with more plain-vanilla Tesla shares.

Old Age space ETFs gain over New Age stocks since SpaceX IPO
Yahoo Finance Video57d agoneutralVIDEO
Old Age space ETFs gain over New Age stocks since SpaceX IPO

SpaceX's (SPCX) IPO may be creating a vacuum, and space-themed ETFs are benefitting from the latest phase in the Space Race. Yahoo Finance Markets and Data Editor Jared Blikre looks at the array of thematic space ETFs and how they have been gaining since SpaceX's mega-IPO last Friday.

Analysis-SPACs are back, thanks to Wall Street's mega-IPO frenzy
Reuters57d agoneutral
Analysis-SPACs are back, thanks to Wall Street's mega-IPO frenzy

SPACs are making a comeback. A flood of expected blockbuster IPOs this year is creating an opening for SPACs as smaller companies seek to capitalize on a favorable market without having to compete for investor attention against the likes of SpaceX, Anthropic and OpenAI. That is giving blank-check companies renewed footing after years of upheaval, with ‌a more mature SPAC market emerging at a time when mega-IPOs are expected to command an outsized share of investor capital and attention, analysts, market experts and industry insiders told Reuters.

Bloomberg57d agoneutral
Billions in SpaceX Trades Jolt ETFs Including Cathie Wood’s ARKK

(Bloomberg) -- A series of unusual multibillion-dollar flows has rippled through the exchange-traded fund market in the past week, suggesting some major investors used a contentious method to get exposure to the initial public offering of SpaceX. At least one fund manager placed temporary restrictions on its product in a bid to curb the practice.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingIran’s Deputy

How America Got to SpaceX: The Long Trail of Big IPOs That Began in 1783
Barrons.com58d agoneutral
How America Got to SpaceX: The Long Trail of Big IPOs That Began in 1783

SpaceX’s $75 billion initial public offering shattered market records, turned founder Elon Musk into the world’s first trillionaire, and opened fresh debates over corporate valuations and governance. It’s not the first time an IPO has shaken things up. IPOs have been reshaping markets since the Bank of North America’s 1783 debut got it all started for the young republic.

US asset managers file for first ETFs targeting Wall Street's new obsession, AI and the 'MANGOS'
Reuters58d agoneutral
US asset managers file for first ETFs targeting Wall Street's new obsession, AI and the 'MANGOS'

Just days after SpaceX wrapped up its record $75 billion initial public stock offering and ignited another burst of enthusiasm among traders ‌for all things AI, two asset managers disclosed plans to launch exchange-traded funds ‌linked to the new AI-stock acronym that is all the buzz on Wall Street. In what ETF market analysts described ​as the latest example of "concept investing," Yorkville America, the company that manages the Truth Social ETF franchise, and ETF industry newcomer Corgi Securities both filed late on Monday with the U.S. Securities and Exchange Commission for permission to roll out new funds pegged to the "MANGOS" moniker that ‌sprang to life on X and ⁠other social media sites ahead of the SpaceX IPO.

Reuters58d agoneutral
Csquare files to go public in US

Data center provider Csquare on ‌Tuesday filed for ‌an initial public offering in ​the United States. Activity in the U.S. IPO market has seen a ‌rebound, ⁠with several sectors joining in to capitalize ⁠on the investor enthusiasm for fresh ​stocks. Elon Musk's ​SpaceX ​went public in ‌New York on Friday, after a record-breaking IPO.