Australian brokerage plans more U.S. listings after record SpaceX demand from nearly three million clients.
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The most ambitious bull case for SpaceX stands out from the crowd, but it is a longer-range target.
SpaceX (SPCX) went public a month ago as the biggest IPO in history. Today, it trades below its opening price. Shares of Space Exploration Technologies slipped to a record low near $139 on Monday, even as the company cleared a Starship mishap probe ahead of its next test flight, according to ...
Anthropic is looking to kick off meetings for its blockbuster initial public offering in the coming weeks, according to a Bloomberg report. The move could help put the AI chatbot maker's IPO firmly ahead of rival OpenAI's. The banks leading Anthropic's much-anticipated IPO are setting up meetings for the company with investors, according to the Bloomberg report, which cites unnamed sources.
The stock has steadily fallen from the euphoric post-IPO high, showing that markets may be sobering up to the promises CEO Elon Musk made before and after SpaceX went public.
The stock has shed about 34% from its peak, pulling SpaceX's market cap down to roughly $1.75 trillion from above $2.6 trillion last month
Amazon said Wednesday it will launch satellite internet services in South Africa, entering a market where rival Elon Musk's Starlink has struggled to secure regulatory approval.Under the deal, Herotel -- South Africa's largest fixed internet service provider -- will use Amazon Leo's technology to offer a new service called Evry, slated for launch commercially in 2027.
Wells Fargo’s chief financial officer said the firm was continuing to hit high levels of advisor recruiting and attrition each quarter, while Morgan Stanley is benefitting from IPO-related inflows.

Chinese chipmaker ChangXin Memory Technologies (CXMT) is preparing for an IPO. Scott Melker explains how the crypto market is already offering pre-IPO trading. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.
SpaceX stock continued its multi-week downtrend Wednesday, officially falling below its IPO listing price.
The brokerage believes a successful Flight 13 could reinforce SpaceX's long-term launch and Starlink growth outlook.
Shares slipped 2.5% to $132.72 in recent trading. Over the past month they have edged lower; even SpaceX’s addition to the Nasdaq-100 index didn’t boost them. SpaceX is hardly the first big IPO to struggle in early days or weeks of trading.
Investing.com -- SpaceX shares dropped below their initial public offering price for the first time on Wednesday as the post-debut rally continued to fade.
JOHANNESBURG, July 15 (Reuters) - Amazon's low-earth orbit satellite internet venture Amazon Leo has signed an agreement with South Africa's Herotel to launch a new broadband service aimed at connecting underserved rural communities, it said on Wednesday. Under the agreement, Herotel, South Africa's largest fixed internet service provider, will use Amazon Leo's satellite technology to offer a new service called evry, which is expected to launch commercially in 2027 for residential customers.
Shares in Elon Musk’s SpaceX have fallen below their initial public offering (IPO) price for the first time since the rocket company went public.
The tech giant’s historic one-day stock drop wiped out hundreds of millions in employee wealth.

Scott Melker discusses the latest crypto-related headlines, including Stripe's offer to buy PayPal PYPL (PYPL) and Michael Saylor's Strategy (MSTR) selling $467 million worth of its own shares to raise more capital. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.
SpaceX has fallen about 37% from its peak, but Wall Street still sees big upside. Here's why the story may not be over.
SpaceX shares dropped below their initial public offering price on Wednesday, a first for the company, just over a month after a frenzy over the rockets-to-AI firm powered the biggest IPO ever and made Elon Musk the world's first trillionaire. Its shares slid 1.9% to $133.5, falling below the $135 apiece IPO price and well below the all-time high of $225.64 that had propelled the company's market valuation briefly above those of Silicon Valley giants Microsoft and Amazon. The decline leaves investors who bought into the company at the IPO price sitting on paper losses for the first time, potentially testing confidence in the stock.
(Bloomberg) -- Wall Street banks, scouring every corner of the capital markets to finance the artificial intelligence buildout, have landed on a new pool of funds: US leveraged loans, which are clamoring for the transactions amid a dearth of buyout deals.Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsOpenAI’s First Device Will Be Movable, Screenless Speaker Built as AI CompanionTrump Drops 20% Fee for Hormuz Cargo After Gulf PressureUS Hits Iran With Strik

Morgan Stanley (MS) reported second quarter earnings, with blowout results and record revenue. Yahoo Finance Senior Reporter David Hollerith takes a closer look.
SpaceX stock slid on Wednesday, breaching a crucial price level.
SpaceX (SPCX) shares slid on Wednesday, breaching a crucial price level.
SpaceX shares are on watch Wednesday morning after another down day for the stock, and a crucial level almost breached.
SpaceX just pulled off one of the biggest IPOs in history, but credit investors are quietly pricing its debt as if the investment-grade label were a polite fiction. The bond market has been right before when ratings and spreads told different stories.
Shares closed just $1 above the IPO price as Wall Street remains broadly bullish despite continued selling pressure.
SPCX is overtaking TSLA as Elon Musk's biggest value creator, powered by reusable rockets, Starlink growth and a growing push into AI infrastructure.