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SpaceX shares tumble as post-IPO frenzy loses steam
Reuters48d 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.

Tom Sosnoff Says SPCX Stock Will Fall Below Its IPO Price, Explains Why He Sold SpaceX 'At 158'
Benzinga48d 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

SpaceX stock gains, space companies fall, chips mixed on IPO news
Yahoo Finance Video53d agobearishVIDEO
SpaceX stock gains, space companies fall, chips mixed on IPO news

Yahoo Finance Senior Reporter Brooke DiPalma joins Market Domination to tackle today's top trending tickers, including the momentum driving SpaceX (SPCX) shares in Friday's session after the company's IPO, the impact it is having on other space stocks Virgin Galactic (SPCE) and Rocket Lab (RKLB), and how semiconductor stocks such as Micron Technology (MU) and Nvidia (NVDA) are moving on the historic public offering.

SpaceX Proxy EchoStar Sees Its Stock Drop. It Could Be a Bad Omen for SpaceX IPO.
Barrons.com55d agobearish
SpaceX Proxy EchoStar Sees Its Stock Drop. It Could Be a Bad Omen for SpaceX IPO.

EchoStar stock has been struggling lately and it could bode ill for the coming SpaceX initial public offering on Thursday. SpaceX is one the best proxies for SpaceX because the satellite company reached a deal last year to sell spectrum to SpaceX in return for about 2% of SpaceX stock—some 262 million shares. EchoStar stock has nearly doubled since the first of two spectrum deals was reached with SpaceX in September.