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SpaceX shares tumble as post-IPO frenzy loses steam
Reuters49d agobearish
SpaceX shares tumble as post-IPO frenzy loses steam

Shares of Elon Musk's rockets-to-AI firm SpaceX ‌dropped nearly 9% on Thursday, ‌as the post-IPO frenzy that briefly placed ​it among the top five most valuable companies of the world appeared to fizzle out. Its shares were ‌last down ⁠8.8% to $174.8, after falling nearly 5% in the last ⁠session. Despite the losses, the stock still traded more than 29% ​above its $135 ​offering price.

HIVE Digital acquires 32 MW Swedish data center after 8 years as tenant
TheStreet49d agoneutral
HIVE Digital acquires 32 MW Swedish data center after 8 years as tenant

HIVE Digital Technologies (Nasdaq: HIVE) is turning nearly a decade of renting space in northern Sweden into permanent ownership. The company announced on June 18 that the Boden Municipal Council has approved its acquisition of the Big Boden 32 MW data center from Bodens Utvecklings AB, ...

Salesforce (CRM) Inks Definitive Agreement for Fin Acquisition
Insider Monkey49d agoneutral
Salesforce (CRM) Inks Definitive Agreement for Fin Acquisition

Salesforce (NYSE:CRM) is one of the 8 Best Generative AI Software Stocks to Buy in June. On June 15, Salesforce announced that it had forged a definitive agreement for the acquisition of customer agent company Fin, formerly Intercom, for approximately $3.6 billion. Salesforce said the acquisition will bring Fin’s customer agent platform to companies of […]

This Week In Energy Transition - A P Moller Capital Acquires Mainstream Renewable Power South Africa
Simply Wall St.49d agoneutral
This Week In Energy Transition - A P Moller Capital Acquires Mainstream Renewable Power South Africa

A.P. Moller Capital has agreed to acquire Mainstream Renewable Power South Africa, a prominent renewable energy developer in South Africa, through its Emerging Markets Infrastructure Fund II. This acquisition is part of A.P. Moller Capital's strategy to invest in infrastructure that supports the energy transition in high-growth markets. Mainstream South Africa boasts a significant renewable energy portfolio, including 148 MW of operating and in-construction assets, 351 MW of...

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

Devon Energy (DVN) Maps Out 2026 Production After The Coterra Merger
Simply Wall St.50d agoneutral
Devon Energy (DVN) Maps Out 2026 Production After The Coterra Merger

Devon Energy (NYSE:DVN) has issued new production guidance for 2026 following its merger with Coterra Energy. The company outlined how the combined business plans to concentrate capital on high-return assets, with emphasis on the Permian Basin. The roadmap also highlights a continued focus on shareholder returns through dividends and share repurchase activity. Devon Energy now looks different after absorbing Coterra Energy, and the latest 2026 production guidance shows how the combined...