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Shares of aerospace and defense company Redwire (NYSE:RDW) jumped 11.8% in the afternoon session after investor excitement surrounding the upcoming SpaceX initial public offering fueled a broad rally across space and aerospace stocks.
Elon Musk's SpaceX raised the $75 billion it targeted in a hotly awaited IPO on Thursday, selling shares at a fixed price of $135 that valued the space, satellite and AI company at $1.77 trillion. It's definitely going to be a long-term story, and I think it will take time for the stock to find its footing in the public markets.
Yahoo Finance's Josh Lipton takes a look at the top stories for investors to watch on Friday, Jun. 12, including SpaceX's (SPAX.PVT) highly anticipated initial public offering (IPO) and preliminary data for June consumer sentiment.
Dow Jones futures: The S&P 500 and Nasdaq jumped as Trump canceled Iran strikes, but still below key levels. The SpaceX IPO priced at 135 a share. CrowdStrike flashed a new buy signal.
By Jamie McGeever ORLANDO, Florida, June 11 (Reuters) - Wall Street staged its biggest bounce in two months on Thursday, and oil and bond yields tumbled, after U.S.
Elon Musk's rocket company is hours away from going public, and Wall Street is already placing its bets. SpaceX lists on the Nasdaq on June 12 under the ticker SPCX at $135 per share, in what would be the largest IPO in stock market history. The company is targeting a $1.75 trillion valuation ...
It's SpaceX IPO Eve (SPAX.PVT) and Elon Musk's space company is setting its IPO price on Thursday night, taking an alternate route to offer stock at $135 per share rather than a general range. Yahoo Finance Senior Reporter Pras Subramanian breaks down this unconventional public stock offering. SpaceX is expected to go public on the Nasdaq this Friday, June 12, under the ticker SPCX.
Yahoo Finance Markets and Data Editor Jared Blikre explains what investors should expect from SpaceX's (SPAX.PVT) planned initial public offering (IPO) on Friday, outlines the leveraged exchange-traded funds (ETFs) coming out for SpaceX, and examines historical post-IPO market trends.
Elon Musk's SpaceX (SPAX.PVT) is on the launchpad, just one day away from its scheduled IPO. TrueCar Founder Scott Painter — an early Tesla (TSLA) advisor who sold Musk his Bel-Air mansion in 2020 — discusses his first-hand experiences witnessing Musk's leadership and vision as he seeks to expand his corporate empire. SpaceX is expected to go public on the Nasdaq this Friday, June 12, under the ticker SPCX, with the space operator aiming for an IPO price of $135 per share.
By Echo Wang NEW YORK, June 11 (Reuters) - SpaceX on Thursday priced the biggest-ever U.S. initial public offering at $135 per share, making Elon Musk’s rocket and spacecraft manufacturer one of the
“I guess it’s too late for me to pivot careers to become a food service specialist in Brownsville, Texas.”
With the help of crypto rails, retail investors have a variety of ways to bypass traditional Wall Street gatekeepers to get SpaceX exposure.
(In first paragraph, corrects number of states challenging indexes to four from five) By Ross Kerber June 11 (Reuters) - Investment leaders from four large states pressed Nasdaq and FTSE Russell for
Elon Musk will be the real winner of the IPO.
Broadcom and ASML are better buys than SpaceX's massive IPO.
NASA's space station review could put Voyager's Starlab project in focus ahead of the ISS retirement.
<body><p>STORY: A day ahead of the highly anticipated SpaceX IPO, a major Wall Street firm is already making a bullish case for the stock.</p><p>:: SpaceX</p><p>:: $190</p><p>Oppenheimer on Thursday became the first global brokerage to start coverage of Elon Musk's SpaceX, issuing an "outperform" rating on the stock and setting a price target of $190.</p><p>That's more than 40% higher than SpaceX's IPO price of $135.</p><p>:: SpaceX</p><p>:: $2.5 trillion</p><p>The $190 price target means Oppenheimer expects the rocket company to notch a market capitalization of about $2.5 trillion in the next 12-18 months.</p><p>In a note published Thursday, an Oppenheimer analyst said the brokerage firm sees SpaceX as, quote, "the only vertically integrated AI company with the required capital, data, LLMs, hardware, manufacturing and engineering talent."</p><p>It expects the Starlink satellite internet service to be the main cash generator, and SpaceX's AI business, including xAI, to become the largest contributor over time.</p><p>New Street Research soon followed, initiating coverage with a 12-month price target of $165.</p><p>But not all analysts are believers just yet.</p><p>Earlier this month, Morningstar pegged the company's valuation at $780 billion, less than half of what SpaceX is reportedly targeting in its IPO.</p><p>Nicolas Owens is an equity analyst at Morningstar.</p><p>"With everything going right, and those commercial, outcomes working our valuation would be $154 a share. We only assign that a 7% probability of happening, though. So I think I don't think of myself as bearish. I think that, the deal as it's priced today essentially is pricing in everything going right all the time. // That's where we arrive at this at $63 fair value per share."</p><p>Morningstar said prospects for SpaceX's AI business, which includes xAI and social media platform X, were uncertain.</p></body>
SpaceX's spending could reach gargantuan proportions in the coming years.
Google's parent company made strategic investments in both innovative enterprises.
Oppenheimer initiated coverage of SpaceX with an outperform rating and a $190 price target on Thursday, one day before the company begins trading on the Nasdaq under the ticker SPCX. The price target implies around 40% upside from the $135 IPO price, and values the firm at a hefty $2.5 trillion.
Market Catalysts host Julie Hyman sits down with Epistrophy Capital Research Chief Market Strategist and The Drill Down podcast host Cory Johnson to discuss the upcoming SpaceX (SPCX) IPO. Johnson breaks down the company's key business segments and weighs in on its valuation. Asked whether he agrees with the proposed $135 IPO price, Johnson expressed caution, saying, "Projections out to the future to get to today's price are really optimistic."
Space stocks are catching a strong bid at midday Thursday, June 11. Virgin Galactic (NYSE:SPCE) stock is leading the pack, up 20% intraday on a fresh liquidity catalyst, while sector peers ride a broader wave of enthusiasm into a highly anticipated SpaceX IPO window. AST SpaceMobile (NASDAQ:ASTS) stock is up 7%, Planet Labs (NYSE:PL) stock ... Virgin Galactic Soars 20%, AST SpaceMobile Rises 7%, Planet Labs Gains 6%, Rocket Lab Advances 5% as Space Stocks Catch a Bid
Former xAI engineer Devin Kim alleges he was illegally fired for trying to implement safety mechanisms for the chatbot
Virgin Galactic stock popped nearly 24% ahead of SpaceX's IPO.
Elon Musk's SpaceX (SPAX.PVT) is just one day away from its IPO liftoff, sending the stock into orbit and publicly trading on the Nasdaq. Morning Brief Host Julie Hyman is joined by Yahoo Finance Tech Editor Dan Howley and Monetary Matters Network co-founder Jack Farley to discuss retail investor sentiment around the stock. SpaceX is expected to go public on the Nasdaq this Friday, June 12, under the ticker SPCX, with the space operator aiming for an IPO price of $135 per share.
Yahoo Finance Senior Reporter Brooke DiPalma and Yahoo Finance Senior Business Reporter Ines Ferré outline what investors need to know about SpaceX's (SPAX.PVT) C-suite beyond CEO Elon Musk, including COO Gwynne Shotwell and CFO Bret Johnsen.
Here's what regular investors should know ahead of what's set to be the largest IPO in history.
Tesla's (TSLA) stationary storage business could benefit from SpaceX's data center capacity spending
The stock market float on Wall Street is expected to raise 75 billion dollars (£56.2 billion) and could make Elon Musk a trillionaire.
In the video above, Robinhood chief investment officer Stephanie Guild explains why she's not too bullish on the "Magnificent Seven" stocks these days.
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