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Wealth Expert: SpaceX IPO Will Likely Make Elon Musk the World’s First Trillionaire
24/7 Wall St.55d agoneutral
Wealth Expert: SpaceX IPO Will Likely Make Elon Musk the World’s First Trillionaire

CNBC Wealth Editor correspondent Robert Frank delivered a milestone moment on air this morning, saying: “By the end of today, Elon Musk will likely become the world’s first trillionaire.” This comes as the result of the long-awaited SpaceX IPO, which is poised to revalue Musk’s privately held stake at public-market multiples and push his net ... Wealth Expert: SpaceX IPO Will Likely Make Elon Musk the World’s First Trillionaire

Acquisition Developments Keep Dominion (D) in the Limelight
Insider Monkey55d agoneutral
Acquisition Developments Keep Dominion (D) in the Limelight

Dominion Energy Inc. (NYSE:D) is one of the 10 Best Energy Stocks Capitalizing on the Data Center Boom. Based on 18 analyst ratings compiled by CNN, 83% assigned a Hold rating to Dominion Energy, while 11% assigned a Buy rating. The stock has an average price target of $68, a 2.64% upside from the current […]

Shipowners On Edge for News on Hormuz as ‘Dark’ Oil Flows Swell
Bloomberg55d agoneutral
Shipowners On Edge for News on Hormuz as ‘Dark’ Oil Flows Swell

(Bloomberg) -- Shipowners are watching warily for a peace deal between the US and Iran and what it would mean for the Strait of Hormuz, with some tanker owners expressing caution, while others were already predicting a frantic free-for-all if the waterway opens in earnest. Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeUS, Iran Edge Toward Interim Deal Signing Close to G7 Next WeekXbox Plans Significant Layoffs as New CEO Plans OverhaulTrump Insists Iran Deal I

Wall Street's biggest stablecoin IPO, makes a sudden $4.4 billion move
TheStreet55d agoneutral
Wall Street's biggest stablecoin IPO, makes a sudden $4.4 billion move

Blockchain analytics firm Arkham flagged Circle's (NYSE: CRCL) largest USDC transaction ever. Circle is a financial technology company best known as the issuer of USDC, the world's second-largest stablecoin. A stablecoin is a cryptocurrency designed to hold a steady $1 value, backed by ...

SpaceX IPO Went Off Mostly Smoothly For Retail Brokerages
Barrons.com55d agoneutral
SpaceX IPO Went Off Mostly Smoothly For Retail Brokerages

Investors may not have gotten as many shares of SpaceX from brokerage firms as they would have liked. There were some technical issues at Robinhood, however. A spokeswoman for Charles Schwab said that "the process went as anticipated, with an unprecedented number of clients requesting shares and all eligible clients who completed the affirmation process receiving at least a portion of their requested order."

Big Winners From the SpaceX IPO? The Bankers.
Barrons.com55d agoneutral
Big Winners From the SpaceX IPO? The Bankers.

SpaceX shares were at almost $173 in late trading on Friday, up 28% from the $135 IPO price and 15% from the $150 opening price. Things are on track for an orderly one-day post-IPO pop. A 10% to 30% pop for a large tech IPO is normal and shows that the deal was priced well and the market was ready to accept the terms offered.

SpaceX IPO: Nasdaq is the home for 'the trillion dollar companies'
Yahoo Finance Video55d agoneutralVIDEO
SpaceX IPO: Nasdaq is the home for 'the trillion dollar companies'

Elon Musk's SpaceX (SPCX) began trading on the Nasdaq after its IPO on Friday, June 12. Nasdaq (NDAQ) President Nelson Griggs sits down with Yahoo Finance Executive Editor Brian Sozzi and Market Catalysts Host Julie Hyman to discuss the public debut, making SpaceX the second Elon Musk-run company to premiere on the Nasdaq.

SpaceX Raises Record $75 Billion in Historic IPO, Reaches $1.8 Trillion Valuation
24/7 Wall St.55d agoneutral
SpaceX Raises Record $75 Billion in Historic IPO, Reaches $1.8 Trillion Valuation

SpaceX just rewrote the IPO record book. The company sold more than 555 million shares at $135 each, raising $75 billion and landing a valuation of nearly $1.8 trillion. According to CNBC’s Melissa Lee, that places SpaceX as the seventh most valuable U.S. company, ahead of Tesla (NASDAQ:TSLA), and pushes Elon Musk to the edge ... SpaceX Raises Record $75 Billion in Historic IPO, Reaches $1.8 Trillion Valuation

Goldman and Morgan Stanley to Pocket $100 Million Each In SpaceX IPO Fees
The Wall Street Journal55d agoneutral
Goldman and Morgan Stanley to Pocket $100 Million Each In SpaceX IPO Fees

The total fee pool for SpaceX's IPO is around $500 million, or 0.7% of the $75 billion raised, according to a filing and people familiar with the matter. Lead banks Goldman Sachs and Morgan Stanley will take home the lion’s share of that, getting a combined 40% or around $100 million apiece.

SpaceX, Anthropic, and OpenAI’s hot IPO summer
TechCrunch55d agoneutral
SpaceX, Anthropic, and OpenAI’s hot IPO summer

The IPO market is back, and it’s not the same companies leading the charge. FAANG had a good run, but a new acronym is taking over: MANGOS — Meta (or Microsoft, depending on who you ask), Anthropic, Nvidia, Google, OpenAI, and SpaceX. Half of that bunch is heading to public markets in the same window, and it’s a stress test for investors, for valuations, and for […]

Lessons the Nasdaq learned from the Facebook IPO for SpaceX's
Yahoo Finance Video55d agoneutralVIDEO
Lessons the Nasdaq learned from the Facebook IPO for SpaceX's

SpaceX (SPCX) is finally off to the races and publicly trading after its historic IPO on Friday, June 12. Nasdaq (NDAQ) President Nelson Griggs sits down with Market Catalysts Host Julie Hyman and Yahoo Finance Executive Editor Brian Sozzi to discuss the lessons his company has learned from Facebook's — now Meta Platforms (META) — own IPO in 2012.

The road to SpaceX's juggernaut IPO
Reuters55d agoneutral
The road to SpaceX's juggernaut IPO

September 2008 - Falcon 1 launched successfully and becomes the first privately developed liquid-fuel rocket to reach Earth's orbit. December 2008 - SpaceX secures its first major contract ​with NASA to ferry cargo and supplies to the International Space Station. May 2012 - A Dragon capsule is taken to space by a Falcon 9 rocket, making it the first private spacecraft to dock at the ISS.

Tom Sosnoff: Why SpaceX's IPO is a success and who benefits most
Yahoo Finance Video55d agoneutralVIDEO
Tom Sosnoff: Why SpaceX's IPO is a success and who benefits most

Lossdog Founder & CEO Tom Sosnoff joins Yahoo Finance Executive Editor Brian Sozzi on Opening Bid to discuss the key things that make Elon Musk's SpaceX (SPCX) IPO a success, which investors stand to gain the most, and who will be left holding the bag.

Goldman President Says SpaceX IPO Signals Investor Enthusiasm for AI
The Wall Street Journal55d agoneutral
Goldman President Says SpaceX IPO Signals Investor Enthusiasm for AI

SpaceX’s record-shattering IPO shows investors are eager to write big checks to finance the artificial-intelligence buildout, according to Goldman Sachs President John Waldron. “The capital markets are demonstrating a willingness to finance these extraordinary companies as we build out this AI infrastructure,” said Waldron in an interview with Bloomberg TV.

What SpaceX's IPO means for investors and the future of innovation
Yahoo Finance Video55d agoneutralVIDEO
What SpaceX's IPO means for investors and the future of innovation

Laffer Tengler Investments CEO & CIO Nancy Tengler joins Yahoo Finance Executive Editor Brian Sozzi on Opening Bid to discuss the broader implications of the SpaceX (SPCX) IPO, from its impact on investors to what the company's public debut could mean for innovation, markets, and society.