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Investing.com94d agoneutral
SpaceX bankers to start investor calls for $20bn bond sale

Investing.com -- Bankers for Elon Musk’s SpaceX are preparing to hold calls with investors as soon as next week to discuss a potential bond offering following the company’s record initial public offering, according to a report from Bloomberg News, citing people with knowledge of the matter.

SpaceX shares tumble as post-IPO frenzy loses steam
Reuters94d agobearish
SpaceX shares tumble as post-IPO frenzy loses steam

Shares of Elon Musk's rockets-to-AI firm SpaceX ‌dropped nearly 9% on Thursday, ‌as the post-IPO frenzy that briefly placed ​it among the top five most valuable companies of the world appeared to fizzle out. Its shares were ‌last down ⁠8.8% to $174.8, after falling nearly 5% in the last ⁠session. Despite the losses, the stock still traded more than 29% ​above its $135 ​offering price.

SpaceX bankers prepare for potential $20 billion bond offering, source says
Reuters94d agoneutral
SpaceX bankers prepare for potential $20 billion bond offering, source says

SpaceX's bankers ‌are preparing to ‌speak with investors as ​early as next week about a possible bond offering of at ‌least $20 ⁠billion, a source familiar with the ⁠matter told Reuters on Thursday, following ​its blockbuster ​Nasdaq ​debut last ‌week. The size of the offering is not yet set and may change, the source ‌said. The rockets-to-AI ​company's valuation ​surged ​to more than $2 ‌trillion after its ​debut.

Bloomberg94d agoneutral
SpaceX Bankers Prepare for Bond Sale of at Least $20 Billion

(Bloomberg) -- Bankers for Elon Musk’s SpaceX are preparing to hold calls with investors as soon as next week to discuss a potential bond offering on the heels of the company’s record IPO, according to people with knowledge of the matter.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingTrump Blows Through His Iran Red Lines in Justifying Peace DealIran’s Deputy Foreign Minister Confirms Deal Reached With USA

SpaceX Stock Extends Decline
The Wall Street Journal94d agoneutral
SpaceX Stock Extends Decline

SpaceX shares fell about 5% Thursday morning, extending Wednesday's decline after the company's historic Nasdaq debut last Friday. Shares are still up about 13% for the week and 35% from the $135 offering price.

Grok Flubbed This Investing Test, Even With a Crystal Ball. I Did Too.
The Wall Street Journal94d agoneutral
Grok Flubbed This Investing Test, Even With a Crystal Ball. I Did Too.

It sounds like an investor’s dream—seeing tomorrow’s financial headlines today. Two years ago, investment firm Elm Wealth gave 120 people in the industry $50 and a series of old Wall Street Journal front pages with the details of how markets actually did that day blacked out. Surprisingly, though, getting headlines right was less important than managing risk.

Tom Sosnoff Says SPCX Stock Will Fall Below Its IPO Price, Explains Why He Sold SpaceX 'At 158'
Benzinga94d agobearish
Tom Sosnoff Says SPCX Stock Will Fall Below Its IPO Price, Explains Why He Sold SpaceX 'At 158'

Tom Sosnoff, Chief Executive Officer at LossDog, predicted that Space Exploration Technologies Corp. (NASDAQ:SPCX) stock will head “under 135″—dropping below its initial public offering price—after revealing he locked in rapid profits by selling his own allocation “at 158.” The Post-IPO Prediction Speaking on the episode of The Drift with Benzinga, Sosnoff expressed strong conviction that the newly public aerospace giant is bound for a downward correction before the end of the year. While he dis

Bloomberg94d agoneutral
Anthropic Ban Forces Investor Rethink of Political Risk

(Bloomberg) -- Investors in the ever-hotter AI stock rally must suddenly consider a risk with the potential to be even more damaging than high valuations and big spending: Politics getting in the way.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingIran’s Deputy Foreign Minister Confirms Deal Reached With USTrump Blows Through His Iran Red Lines in Justifying Peace DealNetanyahu Pays a Political Price for Tr

Musk Swaps 300 Million Tesla Options for Shares He Can Vote
The Wall Street Journal95d agoneutral
Musk Swaps 300 Million Tesla Options for Shares He Can Vote

Elon Musk boosted his voting power in Tesla to 20% by turning some of his stock options into shares that he can immediately vote but can’t sell until 2028. Fresh off last week’s SpaceX IPO, Musk made good on an April agreement with Tesla to convert outstanding options on roughly 300 million shares that he received from a 2018 pay package, securities filings show. The unusual transaction meant Musk didn’t walk away with more plain-vanilla Tesla shares.

Old Age space ETFs gain over New Age stocks since SpaceX IPO
Yahoo Finance Video95d agoneutralVIDEO
Old Age space ETFs gain over New Age stocks since SpaceX IPO

SpaceX's (SPCX) IPO may be creating a vacuum, and space-themed ETFs are benefitting from the latest phase in the Space Race. Yahoo Finance Markets and Data Editor Jared Blikre looks at the array of thematic space ETFs and how they have been gaining since SpaceX's mega-IPO last Friday.