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SpaceX’s $75 billion initial public offering shattered market records, turned founder Elon Musk into the world’s first trillionaire, and opened fresh debates over corporate valuations and governance. It’s not the first time an IPO has shaken things up. IPOs have been reshaping markets since the Bank of North America’s 1783 debut got it all started for the young republic.
CZ praised Hyperliquid, then flagged no KYC and said he assumes they have good lawyers. He went to prison for exactly that.
Jason Calacanis said Cursor could become the No. 1 or No. 2 AI coding agent within a year thanks to SpaceX's compute advantage.
Elon Musk's net worth hit $1.4 trillion, surpassing the entire Bitcoin market cap after the historic SpaceX (SPCX) rally.
The “Big Short” investor passed on a "tempting" bearish SPCX put trade, saying he'd rather see the stock settle in the mid-$200s than bet against it.
Shares of earth imaging satellite company Planet Labs (NYSE:PL) fell 8.2% in the afternoon session after the much-hyped Initial Public Offering (IPO) of competitor SpaceX likely prompted investors to reallocate funds.
Morgan Stanley (NYSE:MS) is refocusing its long-term growth strategy around wealth management, with a goal of reaching $10 trillion in client assets. The firm is positioning itself to capture potential sizeable assets tied to an anticipated SpaceX IPO, which could influence its future revenue mix. Morgan Stanley is putting wealth management at the center of its future, at a time when the stock is trading around $220.83 after gaining 5% over the past week and 14.7% over the past month. Over...
Buying AI coding agent Cursor in a $60 billion deal and renting out data-center capacity gives the company a launchpad to land more enterprise customers.
Morningstar cut its fair value estimate to $62 from $63 after the Cursor acquisition, implying a 69% downside from current levels.
SpaceX stock has been red hot following its IPO last week.
While SpaceX continues its stellar post-IPO debut performance, investors should also keep another IPO on their radar.
By Suzanne McGee June 16 (Reuters) - Just days after SpaceX wrapped up its record $75 billion initial public stock offering and ignited another burst of enthusiasm among traders for all things AI, two
<body><p>STORY: Wall Street's main indexes ended mixed on Tuesday, with the Dow gaining just under two-thirds of a percent to notch its second straight record-high close... while the S&P 500 shed more than half a percent and the Nasdaq dropped more than one percent.</p><p>Shares of Elon Musk's SpaceX ended nearly 5% higher, paring earlier gains. For much of the session, the rocket and AI company's value was above that of Amazon, and it briefly surpassed Microsoft's valuation, as retail investors continued to pour into the stock after its record-breaking IPO.</p><p>But Amol Dhargalkar, chairman and managing partner at Chatham Financial, warned of several risks that could trigger volatility for SpaceX and other AI-related stocks.</p><p>"I think that's a really difficult position to be in as a retail investor, especially when you consider the fact that there is a lot of risk, not just in the business model, but these are names where the cash flows are likely far into the future. And we are not in a period of 0% or negative interest rates or even declining interest rates at this point. </p><p>There's a lot of question as to whether interest rates will continue to be flat or will they go up. And that can certainly be a meaningful drag on valuations of high growth companies, especially where that growth is out far into the future."</p><p>Investors will look for clues on where interest rates are headed when the Federal Reserve concludes its latest two-day policy meeting on Wednesday, with Kevin Warsh holding his first press conference as Fed chair.</p><p>Other stocks on the move included shares of Olin, which sank nearly 6% after the chemical producer said it would acquire Huntsman in an all-stock deal valued at more than $2.4 billion. Huntsman shares also fell as the offer stood at a discount to the stock's recent price.</p><p>:: Yum Brands</p><p>And shares of Yum Brands rose after the fast-food company said it would sell its Pizza Hut chain for $2.7 billion, against a backdrop of softer consumer spending across the fast-food industry.</p></body>
By Caroline Valetkevitch and Amanda Cooper NEW YORK/LONDON, June 16 (Reuters) - Oil prices fell more than 5% on Tuesday, extending this week's losses on hopes a U.S.-Iran deal to end the Middle East
Just days after SpaceX wrapped up its record $75 billion initial public stock offering and ignited another burst of enthusiasm among traders for all things AI, two asset managers disclosed plans to launch exchange-traded funds linked to the new AI-stock acronym that is all the buzz on Wall Street. In what ETF market analysts described as the latest example of "concept investing," Yorkville America, the company that manages the Truth Social ETF franchise, and ETF industry newcomer Corgi Securities both filed late on Monday with the U.S. Securities and Exchange Commission for permission to roll out new funds pegged to the "MANGOS" moniker that sprang to life on X and other social media sites ahead of the SpaceX IPO.
Plus, the U.S.-Iran deal lets Tehran sell oil immediately, and a former drug dealer’s shows make millions without Hollywood.
NEW YORK, June 16 (Reuters) - Wall Street was mixed on Tuesday as tech shares weighed on the S&P 500 and the Nasdaq while the Dow notched another record high and crude prices resumed their post-Iran-
The Dow Jones hit a new high and SpaceX kept rising. But chips and most AI stocks fell. Fed chief Kevin Warsh's comments will be in focus Wednesday.
Data center provider Csquare on Tuesday filed for an initial public offering in the United States. Activity in the U.S. IPO market has seen a rebound, with several sectors joining in to capitalize on the investor enthusiasm for fresh stocks. Elon Musk's SpaceX went public in New York on Friday, after a record-breaking IPO.
RoboStrategy (BOT) CEO Andrew Kang joins Yahoo Finance to explain why robotics could become the market's next major investment theme. He discusses how advances in artificial intelligence are accelerating the adoption of autonomous machines and why the convergence of AI and robotics may create significant opportunities for investors.
While SpaceX (SPCX) holds onto stock gains in Tuesday's session, the options market has been abuzz today as more traders chase options contracts on the space company. YieldMax ETFs chief strategist Mike Khouw comes on Market Domination to speak more about what retail investors should beware of when hopping into options trades on a company fresh off of its IPO.
Yahoo Finance Senior Reporter Brooke DiPalma and Yahoo Finance Senior Business Reporter Ines Ferré chat with Market Domination host Josh Lipton about why Western Digital (WDC) is becoming a major AI play; how the "Magnificent Seven" stocks may soon include Anthropic (ANTH.PVT), OpenAI (OPAI.PVT), and SpaceX (SPCX), and Netflix's (NFLX) reportedly failed bid to buy Roku (ROKU).
Yahoo Finance Markets & Data Editor Jared Blikre tracks SpaceX's (SPCX) historic rise following its IPO debut on Friday. The aerospace giant has been on a meteoric run, jumping to become the fourth-largest company in the world by market capitalization as investors pile into one of the market's most closely watched new listings.
Amazon and Alphabet look like much better buys today.
SpaceX shares surged again Tuesday, lifting Elon Musk's rocket company above Amazon into fifth place in market value as a record-breaking IPO gives way to a torrid buying frenzy.Shares of SpaceX have soared about 40 percent in three sessions since last week's IPO, which raised a record-breaking $85.7 billion.
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