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Investing.com - Fund managers preparing for a wave of mega-cap artificial intelligence initial public offerings could trigger an early wave of tax-loss selling across underperforming blue-chip stocks, according to a report by Evercore ISI published on Sunday.
While my prediction came true, I still missed out.
The long-running dispute between OpenAI CEO Sam Altman and Elon Musk has simmered for years, rooted in Musk’s exit from the AI lab he co-founded and his subsequent legal and public challenges over its direction. That rivalry just moved from boardroom barbs to operational consequences. On Friday, OpenAI cut off model access for Cursor after […]
Anthropic is reportedly set to announce its potential revenue opportunities of over $30 trillion, surpassing Space Exploration Technologies Corp’s. $28.5 trillion estimate. The company is planning to raise up to $100 billion in its initial public offering (IPO), a figure...
Anthropic is reportedly set to announce its potential revenue opportunities of over $30 trillion, surpassing Space Exploration Technologies Corp’s. (NASDAQ:SPCX) $28.5 trillion estimate. The company is planning to raise up to $100 billion in its initial public offering (IPO), a...
BFGFX's recent decline is being driven by factors beyond SpaceX, despite the stock's strong contribution to the fund's second-quarter return.
Elon Musk's SpaceX briefly regained its IPO price of $135 a share on Monday after climbing 25% in three trading days. It struggled to hold that level.
The rocket company's stock hit its offering price Monday for the first time since July 15, recovering from a close as low as $108.27
Investing.com -- Retail investors sold SpaceX stock on a net basis Friday for the first time since the company's June initial public offering, according to Vanda Research data.
Revenue rose 92% and beat estimates in the first report as a public company
Elon Musk's net worth has fallen below where it stood before SpaceX's initial public offering priced
Tesla had already reportedly prepped for the idea in the event that Beijing invades Taiwan.
According to TheFly, HSBC analysts initiated their coverage of SpaceX with a ‘Hold’ rating and a price target of $115.
SpaceX (NASDAQ:SPCX) short sellers have amassed an estimated $15. 5 billion in unrealized gains as the aerospace company’s shares continue to retreat from the highs reached shortly after its public market debut, according to data from Ortex Technologies cited by Reuters.
Investing.com - Short sellers targeting SpaceX (NASDAQ:SPCX) had accumulated an estimated $15.5 billion in paper profit through Tuesday, July 22, according to Ortex Technologies data cited by Reuters, as the stock continued to unwind its spectacular post-IPO surge.
Mega-IPOs don't necessarily become the biggest winners -- at least, not quickly.
Sometimes, a promising stock that's down 45% still isn't a bargain.
KeyBanc expects major stock unlocks beginning around Q2 earnings, potentially expanding tradable supply sharply.
SpaceX shares closed below their $135 IPO price for the first time, marking a sharp decline from the record high posted soon after the stock started trading last month.
Rising short interest, a Starship test, earnings, and lockup expirations put SpaceX shares in focus.
Short sellers targeting SpaceX shares are sitting on an estimated $8.7 billion in paper profit since the rockets-to-AI firm's initial public offering, as its stock slipped below the IPO price, according to data and analytics firm Ortex Technologies. Short sellers aim to sell borrowed shares to buy them back at a profit. (Reporting by Saqib Iqbal Ahmed)
SpaceX continues to be highly watched stock as the company prepares for its biggest rocket launch yet. Tonight's big event comes as SpaceX shares plumb new lows.
SpaceX has surrendered every post-IPO gain in five weeks, landing back at its offering price while one analyst quietly models a valuation that dwarfs the entire cloud computing industry. The question is whether that call is visionary or delusional.
New arrivals on the stock market often generate plenty of early hype. Their average early returns are less exciting.
Shares of Musk’s rocket and telecom company slipped under the $135 debut price this week, and selling hasn’t even started yet.
The stock has shed about 34% from its peak, pulling SpaceX's market cap down to roughly $1.75 trillion from above $2.6 trillion last month
SpaceX stock continued its multi-week downtrend Wednesday, officially falling below its IPO listing price.
Shares slipped 2.5% to $132.72 in recent trading. Over the past month they have edged lower; even SpaceX’s addition to the Nasdaq-100 index didn’t boost them. SpaceX is hardly the first big IPO to struggle in early days or weeks of trading.
Shares in Elon Musk’s SpaceX have fallen below their initial public offering (IPO) price for the first time since the rocket company went public.
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