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SpaceX Rebounds in Premarket Trading After First Post-IPO Decline (SPCX)
InvestorsHub49d agoneutral
SpaceX Rebounds in Premarket Trading After First Post-IPO Decline (SPCX)

SpaceX (NASDAQ:SPCX) shares edged higher in premarket trading on Thursday after posting their first daily decline since the company’s record-breaking stock market debut, following a remarkable rally that briefly propelled the aerospace group above some of the world’s largest technology companies by market value. SPCX rose 1.

Tom Sosnoff Says SPCX Stock Will Fall Below Its IPO Price, Explains Why He Sold SpaceX 'At 158'
Benzinga49d agobearish
Tom Sosnoff Says SPCX Stock Will Fall Below Its IPO Price, Explains Why He Sold SpaceX 'At 158'

Tom Sosnoff, Chief Executive Officer at LossDog, predicted that Space Exploration Technologies Corp. (NASDAQ:SPCX) stock will head “under 135″—dropping below its initial public offering price—after revealing he locked in rapid profits by selling his own allocation “at 158.” The Post-IPO Prediction Speaking on the episode of The Drift with Benzinga, Sosnoff expressed strong conviction that the newly public aerospace giant is bound for a downward correction before the end of the year. While he dis

Morgan Stanley enters U.K. rental market with $1.4B acquisition
TheStreet49d agoneutral
Morgan Stanley enters U.K. rental market with $1.4B acquisition

Morgan Stanley’s real estate investing arm is now a landlord to 3,200 London households. The deal closes an 18-month sale process that began when one of England’s largest housing associations decided market-rate rentals no longer fit its mission. What looks like a routine property transaction ...

Old Age space ETFs gain over New Age stocks since SpaceX IPO
Yahoo Finance Video50d 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.

SpaceX acquires Anthropic and OpenAI rival in $60B deal
TheStreet50d agoneutral
SpaceX acquires Anthropic and OpenAI rival in $60B deal

Elon Musk just made his biggest bet yet on artificial intelligence. Days after SpaceX's record-breaking stock market debut, the company confirmed it would acquire Anysphere, the San Francisco-based startup behind the popular AI coding tool Cursor, in a deal valued at $60 billion. The move puts ...

Analysis-SPACs are back, thanks to Wall Street's mega-IPO frenzy
Reuters50d 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.

Bloomberg50d 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