Anyone who bought SpaceX stock in the open market after its first trading day is now underwater on those purchases
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SpaceX stock dropped 10% Monday, extending a losing streak that began last week after an early surge pushed the company's valuation past Amazon and Microsoft
A sell-off in tech stocks intensified on Friday as Micron (MU) and other memory stocks declined and the New York Times reported that OpenAI (OPAI.PVT) may delay its initial public offering.
SpaceX stock fell again on Monday, giving it three straight down days after a massive run-up following its IPO earlier this month. SpaceX also confirmed its first-ever bond issuance in a filing.
The pullback in the largest public debut in history is the easy story to tell. But two events this summer may say far more about where the stock heads next.
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.
The stock is off to a roaring start, but its real test could come later this summer.
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
Future Fund's Gary Black said SPCX had traded more like a "meme stock" than a fundamentals-driven company.
Shares pulled back Wednesday after a roughly 40% run since the company's Friday debut pushed its market cap past Amazon
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Famed short seller Jim Chanos criticized the SpaceX IPO just days before, calling the ~$1.75 trillion valuation at $135 per share driven more by “hopes and dreams” than realistic financial assumptions.
The SpaceX IPO is the first in a string of AI public-market debuts that could deliver new riches to startup employees to donate to charity.
Elon Musk once gave SpaceX less than a 10% chance of surviving.
The upcoming SpaceX IPO, which is scheduled to kick off on Friday, June 12, could result in Tesla Inc. investors exiting their positions in the EV giant, according to investor Gary Black of The Future Fund LLC. Investors To ‘Lighten’...
The biggest IPO in history just churned out a major windfall for Wall Street's biggest banks.
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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.
IPOs have a history of disappointing early investors.
The SpaceX IPO will greatly benefit one AI stock in particular.
Black expects a strong debut, saying Goldman Sachs and Morgan Stanley could "engineer a Day 1 pop" for SpaceX investors.
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.
Retail investors who sell SpaceX IPO shares too quickly could lose access to future IPO allocations through brokers including Fidelity, SoFi, Robinhood, and E*Trade.
SpaceX is really a compute company, and Cipher Digital has closed a debt raise for $810 million tied to its Stingray AI data center for Amazon.
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