Economist Robert Reich slammed Elon Musk-led SpaceX‘s IPO scheduled for Friday, criticizing the event as a “Ponzi scheme” and comparing it with the short-lived Department of Government Efficiency (DOGE). Largest Ponzi Scheme In a post on X on Thursday, Reich...
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A second Musk-led megacap is now publicly traded -- and that quietly changes a few things for the electric-car maker's investors.
EchoStar (NasdaqGS:SATS) has received FCC approval for major spectrum sales to SpaceX and AT&T. The transactions include cash proceeds and a sizeable equity stake in SpaceX as part of the consideration. Completion of these deals coincides with SpaceX's historic IPO, which now directly influences EchoStar's asset mix and valuation drivers. EchoStar's stock, NasdaqGS:SATS, closed at $114.08, with very large gains over the past year and past three years, and a strong move over five years. More...
A crucial element in SpaceX’s soaring IPO was the army of do-it-yourself traders who bought some $118 million of SpaceX stock on the first day of trading.
"The reason is that companies tend to issue when equity demand is strong, earnings momentum is healthy and investor risk appetite is elevated."
Alphabet's long held private stake in SpaceX has become a publicly traded position following SpaceX's historic IPO. The IPO turns Alphabet's multi billion dollar SpaceX investment into a liquid asset with a transparent market price. Investors can now see Alphabet's exposure to the commercial space and space focused AI cloud sector reflected in daily trading data. Alphabet (NasdaqGS:GOOGL) now has a directly observable stake in one of the highest profile space infrastructure companies, which...
Kratos Defense & Security Solutions (NasdaqGS:KTOS) has secured a major U.S. government contract to build next generation space surveillance infrastructure. The award expands the company’s role in U.S. space operations and monitoring capabilities. Kratos is also being highlighted as a potential beneficiary of expected space and defense spending tied to a future SpaceX IPO. For investors tracking defense and space contractors, this contract moves Kratos further into the center of U.S. space...
The SpaceX IPO is finally over, and the company is already one of the largest in the world.
This could be a pivotal week for the stock market, shaping the remainder of the year.
Sen. Elizabeth Warren (D-Mass.) urged the Securities and Exchange Commission to delay SpaceX's planned initial public offering, warning that the record-setting listing could expose investors to unusual valuation, governance and index-fund risks. Warren Presses SEC To Slow IPO Warren wrote...
Venture capitalist Steve Westly says SpaceX is "three moonshots in one company" and the math only works if most of them pay off. On June 12, SpaceX (SPCX) just pulled off the biggest initial public offering in stock market history. The company raised $75 billion, priced shares at $135 each, ...
As warnings spread that SpaceX will be force-fed into the index funds millions hold for retirement, Vanguard's investment chief realigns expectations.
Bitcoin spot ETFs drew $85.85M on June 12, the biggest daily inflow since mid-May, as SpaceX made its Nasdaq debut.
Elon Musk became the world's first trillionaire at $1.1 trillion, widening the wealth gap as lawmakers push taxes.
If you have SpaceX FOMO, you’re not alone. But experts say to pause before making emotionally driven stock purchases.
On June 12, SpaceX turned one of Wall Street’s hottest listings into a full-blown market event. Investors were bracing for a choppy debut, given its enormous valuation, heavy Musk premium, and questions about whether a rocket-and-satellite company could justify AI-stock-style pricing. Instead, ...
The same day SpaceX landed the largest IPO in history, a feud escalated between the U.S. government and another buzzy artificial intelligence firm looking to tap public markets.
The world's second-largest cryptocurrency is still a compelling investment.
SpaceX's historic debut has everyday investors scrambling for a piece of the final frontier — but some space nerds invested in exploration well before the hype.
The most anticipated debut in years is now trading. The harder question is whether the entry point makes sense after a big first-day pop.
Juan Hernandez, a former SpaceX employee, owns 6,500 company shares. On the first day of public trading, his wealth ballooned by $1,046,175.
We recently published Jim Cramer Didn’t Hold Back On SpaceX’s IPO & Discussed These 12 Stocks. Starbucks Corporation (NASDAQ:SBUX) is one of the stocks discussed by Jim Cramer. Coffee chain Starbucks Corporation (NASDAQ:SBUX) is a frequent feature on Jim Cramer’s radar. For a year, the CNBC TV host has discussed the firm’s turnaround effort being […]
We recently published Jim Cramer Didn’t Hold Back On SpaceX’s IPO & Discussed These 12 Stocks. Cisco Systems, Inc. (NASDAQ:CSCO) is one of the stocks discussed by Jim Cramer. Communications equipment manufacturer Cisco Systems, Inc. (NASDAQ:CSCO)’s shares are up by 85% over the past year and by 58% year-to-date. Bank of America discussed the firm […]
We recently published Jim Cramer Didn’t Hold Back On SpaceX’s IPO & Discussed These 12 Stocks. Palo Alto Networks, Inc. (NASDAQ:PANW) is one of the stocks discussed by Jim Cramer. Cybersecurity firm Palo Alto Networks, Inc. (NASDAQ:PANW) is one of Jim Cramer’s favorite stocks. For more than a year, the CNBC TV host has remained […]
The biggest IPO in history just churned out a major windfall for Wall Street's biggest banks.
SpaceX is facing a similar problem to the world's first IPO in 1602.
SpaceX roared into markets this past week with a valuation of more than $2 trillion, surpassing two members of Wall Street's "Magnificent Seven" and raising a key question: Does the Mag 7 name still fit? And if not, what should replace it? The IPO, the biggest in U.S. history, vaulted SpaceX's value above two Mag 7 members: CEO Elon Musk's other company, Tesla, and Meta Platforms. With SpaceX's arrival, "it becomes very hard to keep using Mag 7 as the clean shorthand for market leadership because one of the most important companies in the world would immediately be outside the label," said Shay Boloor, chief market strategist at Futurum Equities.
SpaceX was the largest IPO in history, but certain Wall Street experts still see substantial upside for shareholders.
Space Exploration Technologies Corp. (NASDAQ:SPCX) is one of the 10 Stocks That Absolutely Exploded Higher. Elon Musk-led Space Exploration Technologies, more commonly known as SpaceX, became one of the most valued companies in the US stock exchange following its initial public offering that saw its valuation soar to more than $2 trillion. During the session, […]