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SpaceX's post-IPO rally lifted Musk's wealth by $620 billion over four trading days, Bloomberg's index showed.

The stunning rally in SpaceX shares is losing some steam. The stock was trading 6% lower this morning, after a staggering rally that propelled shares nearly 50% above its IPO price in less than three full days of trading. It may be that a frenetic wave of demand from individual investors is finally fizzling out.

The move builds on an already historic run. SpaceX priced its IPO at $135 per share on June 12, 2026, in what was the largest public offering in history, raising $75 billion initially. Underwriters exercised their greenshoe option on June 15, lifting total proceeds to $85.7 billion. Tuesday's close puts SPCX up roughly 50% from its IPO price in just four trading sessions, a pace that has rattled even the most seasoned market observers.

(Bloomberg) -- SpaceX shares jumped on Tuesday, putting the firm on track to overtake both Amazon.com Inc. and Microsoft Corp. to become the fourth largest publicly traded company in the world just days after its blockbuster debut.Most Read from BloombergIran’s Deputy Foreign Minister Confirms Deal Reached With USNetanyahu Pays a Political Price for Trump’s Iran DealStudios in Microsoft’s Xbox Division Brace for ClosuresUS and Iran Agree to Halt War, Restart Middle East Oil ShipmentsUS at Odds W

June 16 (Reuters) - The blue-chip Dow touched a fresh record high on Tuesday as oil prices slid further on optimism around a U.S.-Iran peace deal, while SpaceX surpassed Amazon's market value to

June 16 (Reuters) - U.S. stock index futures were subdued on Tuesday as investors switched focus to the first interest rate decision under new Federal Reserve Chairman Kevin Warsh, while SpaceX

Shares of Elon Musk's SpaceX rose ‌more than 10% ‌in premarket trading on Tuesday, putting ​the company on course to overtake Amazon.com in market value to become the ‌world's fifth‑largest ⁠company, as it extended a post-IPO rally. The ⁠stock, which surged more than 19% on Monday, ​was last ​up ​10.1% at $211.8, giving ‌the company a market capitalization of nearly $2.8 trillion if gains hold. Amazon was last valued at $2.66 trillion.

(Bloomberg) -- STMicroelectronics NV is looking to raise $1.5 billion from selling debt that can be exchanged into equity after the chipmaker’s shares tripled in value so far this year. Most Read from BloombergIran’s Deputy Foreign Minister Confirms Deal Reached With USStudios in Microsoft’s Xbox Division Brace for ClosuresNetanyahu Pays a Political Price for Trump’s Iran DealUS and Iran Agree to Halt War, Restart Middle East Oil ShipmentsUS at Odds With Allies Over How Easy It Is to Reopen Horm

Nuvei will buy cross-border payments firm Payoneer for about $2.75 billion in cash, the companies said on Monday, ‌as the Canadian fintech aims to expand globally. Nuvei will buy ‌all shares of Payoneer for $7.40 apiece, a premium of about 44% to their last ​close on June 8. Payoneer has a market capitalization of about $2.26 billion, according to data compiled by LSEG.

Fox Corp. has agreed to buy the streaming pioneer Roku in a cash-and-stock deal valued at approximately $22 billion, including debt. Roku will continue to be run as an open, partner-friendly platform, the companies said Monday, and there appears to be no immediate changes that customers will see. Fox and Roku said that the combined company will become the third-largest player in U.S. television by share of viewing.

The Long Beach-based space company will officially join the index on June 22, placing it alongside Nvidia, Apple, and Microsoft

The S&P 500, Nasdaq, and Dow Jones Industrial Average indices are recovering after the days-long sell-off in tech stocks.

Companies repurchase stock when they’re feeling optimistic about the future prospects of their company. Amazon is no exception, and the world’s biggest online retailer has bought back billions of dollars' worth of shares in recent years. With a market capitalization of more than $2.5 trillion, and ...

Navan stock surges after the AI-focused corporate travel company surpassed Wall Street’s expectations with first-quarter earnings and raised guidance.

Meta Platforms will lease an AI-ready data centre to be built by billionaire Mukesh Ambani's Reliance Industries, ‌the U.S. tech major said on Wednesday, deepening ties with the Indian ‌conglomerate. The deal comes at a time when India has seen a surge in hyperscale data centre ​builds led by U.S. cloud majors such as Amazon, Microsoft and Alphabet's Google, as New Delhi seeks to draw in investment in AI. In February, Reliance committed about $110 billion and Adani outlined $100 billion in investments to position India as an AI ‌hub.

Alex Sacerdote, founder of Whale Rock Capital, dropped a line on a recent Invest Like the Best episode that stopped listeners cold: “When we were buying Nvidia in 2023, we were paying 4 times earnings. When we bought Tesla in 2019 for the car S-curve, we were paying 5 times earnings. When we were owning ... Prominent Tech Investor: ‘When We Were Buying Nvidia in 2023, We Were Paying 4 Times Earnings’

Corning stock rallied on news of a major agreement with Amazon as part of the tech giant's data center expansion.

Investing.com -- Corning (NYSE:GLW) shares jumped 10% Monday after Amazon (NASDAQ:AMZN) announced a multiyear, multibillion-dollar agreement with the company to supply optical fiber, cable, and connectivity solutions for Amazon’s expanding data center infrastructure across the United States.

Snowflake delivered a blockbuster quarter, and SNOW stock is rallying higher. Here's why this data cloud giant is becoming one of the most compelling AI plays in the market right now.

X-Energy on Thursday reported its first quarterly earnings as a public company after its stock debut on April 24. XE stock dived to a record low on a wider loss than Q1 a year ago as nuclear stocks continue to cool off.

Four days. That is the gap between Anthropic closing a $65 billion Series H round at a $960 billion post-money valuation and the company confidentially submitting draft IPO paperwork to the SEC, according to Bloomberg Businessweek’s Ed Ludlow. That speed alone tells you something about how AI capital markets are operating right now. In March, ... $960 Billion: Anthropic Beats OpenAI to the IPO Filing in a Race That Could Reshape AI Investing

Pinterest ‌said ​on Thursday ‌it ⁠would ⁠pay ​Amazon ​Web ​Services $4 ‌billion for ‌using ​its ​cloud ​services ‌through ​2031. (Reporting ​by ​Jaspreet ‌Singh ​in ​Bengaluru)

Chip giant heads into earnings after a 65% rebound and rising AI spending expectations.

Marvell stock jumped after Nvidia CEO Jensen Huang called the custom chip maker 'the next trillion-dollar company.'

The S&P 500's rebound looks a lot thinner once AI enablers are stripped out.

Hewlett Packard Enterprise shares rallied nearly 29% in premarket trade on Tuesday, as investors cheered ‌the AI server maker pulling forward its long-term financial ‌targets by two years, buoyed by strong AI infrastructure demand. HPE, which competes with ​Dell Technologies and Super Micro Computer in enterprise servers, is seeing sustained demand as large enterprises bring forward purchases to avoid supply risks amid surging memory chip prices. Hyperscalers including Alphabet and Amazon ‌are set to spend ⁠more than $700 billion on AI infrastructure this year, likely boosting demand for HPE's server and networking ⁠products.

Hewlett Packard Enterprise posted record second-quarter results on Monday, prompting the company to accelerate its long-term financial goals by ‌two years, as expansion of AI data centers boosts demand for its servers ‌and networking products. HPE, which competes with Dell and Super Micro Computer, is benefiting as customers increasingly buy server and data center equipment to power AI applications such as ChatGPT amid a memory chip crunch. U.S. tech giants including Alphabet and Amazon plan to spend over $700 billion on ‌AI infrastructure this year, which would ⁠bolster demand for suppliers such as HPE.

The biggest IPO in history could force investors to make room for SpaceX just as the stock market rally faces new pressure.

The $6 billion commitment sent Snowflake's shares soaring.

(Bloomberg) -- Chipmakers are by far the hottest stocks in the market, but their recent surge is lending urgency to the debate over whether investors are buying into an artificial-intelligence bubble that’s due to burst.Most Read from BloombergUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedAmericans Injured in Iranian Missile Strike on Kuwaiti Air BaseStrait of Hormuz Ship Transits Are Rising Thanks to US HelpAmericans Hurt in Kuwait as Trump Sends Mixed Signals on WarCVS Returns