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Antonio Gracias' net worth reached $24.4 billion as SpaceX shares climbed 43% since Friday.
<body><p>STORY: Elon Musk's SpaceX is now worth more than Amazon.</p><p>:: SpaceX</p><p>:: Amazon</p><p>Shares of the rocket maker soared as much as 17% on Tuesday, catapulting the company's market value past Amazon's and briefly above Microsoft's.</p><p>That makes SpaceX the fifth most valuable company in the world... just days after its blockbuster public debut.</p><p>If the gains hold, shares will have jumped more than 60% above the $135 IPO price, giving SpaceX a market cap of around $2.8 trillion. </p><p>Not bad for a company that reported a net loss last year of nearly $5 billion.</p><p>The stock rally is likely to continue as SpaceX gains fast-track inclusion in the Nasdaq 100, making it a major holding for passive funds and ETFs that track the index.</p><p>FTSE Russell and MSCI are also set to add the stock to their indexes, effective later this month.</p><p>SpaceX options also began trading on Tuesday. More than half a million contracts changed hands in just the first hour, making SpaceX the most heavily traded name ever among companies on their first day of trading options, according to Trade Alert data.</p><p>The company also made news by announcing on Tuesday that it will buy Anysphere, the startup behind the popular AI coding agent Cursor, in an all-stock deal valued at $60 billion.</p><p>The acquisition aims to give SpaceX's xAI a stronger hold in the revenue-generating business of AI coding.</p></body>
The space flight competitor is falling while SpaceX is soaring.
Days after raising a record $85.7 billion in its IPO, SpaceX agreed to acquire AI coding startup Anysphere in a $60 billion stock deal, giving Elon Musk a foothold in one of AI’s fastest-growing software markets.
If you're on the fence about diving into this name in the middle of the hype, this might help you sort out your decision.
When a Sequoia Capital partner compares a freshly public stock to NVIDIA (NASDAQ:NVDA) three years ago, investors pay attention. That is exactly what Sean MacGuire did on CNBC this week, arguing that “SpaceX right now is more like Nvidia three years ago than Tesla.” He went further on his personal positioning, adding, “Me as an ... Famed Venture Capital Fund Says this Stock is Like Buying Nvidia in 2023
Since SpaceX (SPCX) stock has launched into the stratosphere since the space company's IPO last week, should investors be trying to find more exposure to the private market? KPC Private Funds CEO Dean Rubino explains the infrastructure that is currently available for high-end investors to access private companies.
Scott Melker discusses the CFTC, BlackRock's new bitcoin ETF, SpaceX trading like a meme stock, and other big crypto headlines. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.
Scott Melker discusses SpaceX's (SPCX) trading frenzy, outlines the skepticism surrounding the company's valuation, and puts CEO Elon Musk's wealth into context. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.
SpaceX's acquisition of Cursor could help the company's stalled AI efforts.
Shares in SpaceX have rocketed since its hotly-anticipated IPO on Friday and news of the acquisition helped fuel a fresh uplift.
The deal gives SpaceX and xAI access to a popular AI coding tool.
SpaceX options volumes are already smashing records just hours into their first trading day. About 927,000 options contracts tied to SpaceX changed hands by around 11:30 a.m. ET on Tuesday, show Cboe Global Markets data.
Shares of Intel (NASDAQ:INTC) are down 7% at midday on Tuesday, while Advanced Micro Devices (NASDAQ:AMD) stock is sliding 6%. The pullback comes after a torrid multi-session rally in both names. Intel stock closed yesterday at $127.86, having climbed 18% over the past month. AMD stock ended Monday at $547.26, an all-time high. No fresh ... Intel Tumbles 7% Despite BoA Double Upgrade, AMD Slides 6% as AI Infrastructure Deal Can’t Stop Profit-Taking
SpaceX will offer stock to Cursor investors as the AI coding deal targets a third-quarter 2026 close.
Bloomberg's 500 wealthiest people reached a record $13.3 trillion in combined net worth.
While US stocks (^DJI, ^IXIC, ^GSPC) are mixed as investors continue to digest the Trump administration's reported peace deal with Iran, oil prices (CL=F, BZ=F) have sunk below $80 per barrel but remain elevated above pre-war prices. Yahoo Finance Senior Reporters Brooke DiPalma and Ines Ferré assess the impact these geopolitical headlines are having on oil and domestic US gas prices (RB=F).
SpaceX (SPCX) stock continues to reach new heights since its IPO last week, already breaking above $200 per share while its nearly $3 trillion market cap sets it up as a heavy hitter among Big Tech peers. Innovator From Goldman Sachs Asset Management chief investment strategist Tim Urbanowicz and Yahoo Finance Senior Reporter Brooke DiPalma discuss the FOMO (Fear Of Missing Out) rally that has pushed SpaceX so high in just a few trading days. SpaceX has also completed a deal to acquire AI coding startup Cursor for $60 billion.
Yesterday handed Elon Musk one of the largest single-day wealth gains in recorded financial history. SpaceX shares ripped from $160.95 to $192.50, and Forbes’ real-time billionaires tracker put Musk’s one-day paper gain at $164.8 billion. Warren Buffett, who had his own “good day” with an estimated $2 billion gain, finished the session with a net ... Elon Musk Just Made More Money in 6.5 Hours Than Warren Buffett Made in His Entire Life.
The deal comes just days after SpaceX went public in the largest IPO in history, raising $75 billion to help fund its expansion.
SpaceX (NASDAQ:SPCX) spent more than two decades transforming itself from an ambitious rocket startup into one of the world’s most important technology companies. Today, it dominates commercial space launches, operates the largest satellite internet network through Starlink, and has expanded into markets that span telecommunications, defense, aerospace, and space exploration. Led by Elon Musk, the ... SpaceX Just Passed TSM. Can It Overtake Amazon This Week?
SpaceX confirmed on Tuesday that it will acquire Anysphere, the company behind the AI coding tool Cursor, for $60 billion.
SpaceX (SPCX) confirmed on Tuesday that it will acquire Anysphere, the company behind the AI coding tool Cursor, for $60 billion.
<body><p>STORY: From a record-breaking IPO to a far-reaching online ban, this is Tech Weekly. </p><p>:: Tech Weekly</p><p>SpaceX on Thursday priced the biggest-ever U.S. initial public offering, raising a record $75 billion. </p><p>It’s made Elon Musk’s rocket and spacecraft manufacturer one of the world’s most valuable companies.</p><p>Selling 555.56 million shares at $135 apiece, the company was valued at $1.77 trillion. </p><p>Thursday’s pricing supports Musk's most ambitious project yet - even as some analysts question whether its lofty valuation is justified.</p><p>The company said Monday its underwriters had exercised the so-called "greenshoe" option to purchase additional shares.</p><p>Microsoft has been sued by shareholders who say they've been defrauded. </p><p>They’ve said the tech giant inflated its stock price by failing to disclose slowing growth in its Azure cloud business.</p><p>And failing to disclose the need to spend billions of dollars on AI infrastructure. </p><p>The proposed class action, filed Friday, was prompted by Microsoft shares falling 10% on January 29 after an earnings report.</p><p>About $357 billion of market value was erased, and Microsoft's stock suffered its biggest one-day decline in nearly six years.</p><p>Microsoft said on Monday it believes the claims are "without merit”. </p><p>British Prime Minister Keir Starmer said on Monday he would ban social media sites for under-16s..</p><p>And impose restrictions on gaming and livestreaming platforms for the age group. </p><p>This amounts to some of the world's most far-reaching online restrictions, with the ban coming into place by next spring.</p><p>He said this would help protect children online while pushing back against the power of big technology companies.</p><p>"At the moment, strangers can contact any child unchecked. Just think about that. Is there a situation in the offline world where you would just let your child pair up with a stranger, an adult that you don't know anything about?”</p><p>Ford and other automakers are scrambling to obtain U.S. government authorization to continue selling certain models - despite being on the market for years. </p><p>It’s due to a U.S. ban on Chinese-developed and -maintained software in connected vehicles. </p><p>Ford told Reuters it’s asked the U.S. Commerce Department for authorization to continue importing its China-built Lincoln Nautilus SUV.</p><p>And said despite its tech being built in the U.S., its installation in China now requires government approval. </p><p>Lawmakers have proposed making the rules even tougher.</p></body>