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Chips Made In The USA Are Making A Comeback. What Investors Should Know.
Investor's Business Daily36d agoneutral
Chips Made In The USA Are Making A Comeback. What Investors Should Know.

Semiconductor manufacturing was dominated by American companies before factories moved to countries like Taiwan and South Korea. Now, hints of that original vigor are emerging again as a fab construction boom promises to revive what once was the global standard: computer chips made in the USA. "Today, all of the major semiconductor manufacturers capable of building a state-of-the-art semiconductor are investing in the United States," said Joe Stockunas, president of the Americas unit of the SEMI industry trade group.

Elon Musk Has Some Wild Thoughts About SpaceX’s Valuation
Barrons.com36d agoneutral
Elon Musk Has Some Wild Thoughts About SpaceX’s Valuation

This has been valuation week for SpaceX with more than a dozen analysts writing initial research following the company’s record-setting June IPO. Investors have had a lot of estimates, price targets, bull cases, and bear cases to digest. SpaceX CEO Elon Musk also has a thought about SpaceX’s potential: It will be worth more than Earth.

Bloomberg36d agoneutral
A Month After SpaceX IPO, Tesla’s Stock Keeps Holding Its Ground

(Bloomberg) -- In the weeks leading up to SpaceX’s monster IPO, many Wall Street pros feared the deal represented an existential threat for Elon Musk’s other giant, Tesla Inc. But after a month in the stock market, the outcome is far from clear. Most Read from BloombergMicrosoft’s Xbox to Shift Obsidian Studio to New ‘Fallout’ Video GameNvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom LevelsZuckerberg Pledges ‘Aggressive’ Pricing With Meta’s First Pay-to-Use AITrump Vents Anger With Ira

Exclusive: Citi to Earn Roughly $70 Million Fee on SK Hynix Listing
The Wall Street Journal36d agoneutral
Exclusive: Citi to Earn Roughly $70 Million Fee on SK Hynix Listing

Investment bankers at Citigroup are set to earn a roughly $70 million fee for their work on SK Hynix’s U.S. listing, according to people familiar with the matter. SK Hynix raised $26.5 billion through its American depositary receipt sale. The ADRs are expected to start trading Friday on the Nasdaq under the ticker “SKYHV.”

SK Hynix advisors win big fee windfall after modest SpaceX payday
Reuters36d agobearish
SK Hynix advisors win big fee windfall after modest SpaceX payday

Global investment banks and brokerages leading SK Hynix's mega share sale earned ‌nearly $260 million in fees, a boost for the ‌industry which took in a relatively modest $500 million from SpaceX's record share ​sale last month. The fees equate to about 0.97% of the total amount raised, SK Hynix's filings showed, meaning bankers earned more as a percentage of deal size than those ‌who worked on ⁠SpaceX's initial public offering. SpaceX bankers earned 0.67% or $500 million of the $75 billion in an IPO ⁠which eclipsed the previous record set by Saudi Aramco in 2019, as well as SK Hynix's U.S. listing this week.

Beaten-down stock lets you buy SpaceX below market price
TheStreet36d agobullish
Beaten-down stock lets you buy SpaceX below market price

SpaceX (SPCX) is the most crowded new trade on Wall Street. It was priced at $135 in June, spiked above $225, then settled near $150. The banks that took SpaceX public were barred from publishing research on it until July 7. The moment that ban lifted, six of them initiated coverage, all with ...

Bank of America sets alarming SpaceX stock price target
TheStreet36d agoneutral
Bank of America sets alarming SpaceX stock price target

SpaceX (SPCX) stock is trading near $153 on July 9. All the initial gains since its IPO have been wiped out, despite the stock’s inclusion in the Nasdaq-100, and a slew of high price targets coming from big Wall Street banks. Goldman Sachs initiated the stock with a price target of $205. Morgan ...