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Elon Musk’s $1.8 Trillion SpaceX IPO Is Too Big to Succeed
Barrons.com80d agoneutral
Elon Musk’s $1.8 Trillion SpaceX IPO Is Too Big to Succeed

The SpaceX initial public offering is one of a kind; the investment opportunity is not. SpaceX’s IPO is arguably the biggest capital-markets event ever, and unique. SpaceX’s singularity will continue when it starts trading, with the company added to the just 15 trading days after the offering, requiring passive buying of 10% to 15% of the shares outstanding, and a massive amount of retail participation in the IPO.

Financial Services Roundup: Market Talk
The Wall Street Journal80d agoneutral
Financial Services Roundup: Market Talk

Find insight on the won, Bank of China, Commerzbank, Reserve Bank of India and more in the latest Market Talks covering Financial Services.

GitHub rival shuts offices, cuts 100s of workers
TheStreet80d agobearish
GitHub rival shuts offices, cuts 100s of workers

Tech companies are no longer just cutting jobs. Many are reshaping themselves for the age of artificial intelligence. GitLab, one of the most popular web-based software platforms used by software engineers as a code repository, security, and code deployment, has now joined the growing list of ...

The Jobs Report Released Today Was Great. That’s Bad News for Bond Yields.
24/7 Wall St.80d agoneutral
The Jobs Report Released Today Was Great. That’s Bad News for Bond Yields.

The May employment data landed with a thud for bond bulls, with implications for Treasury proxies like the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT). May nonfarm payrolls rose 172,000, the best number since March, when the figure came in at 185,000, and well above expectations. CNBC’s Rick Santelli, reacting on Squawk Box, asked, “Is ... The Jobs Report Released Today Was Great. That’s Bad News for Bond Yields.

Quantinuum Trades Below Offer Price. Why the Quantum Stock Is Sliding.
Barrons.com80d agoneutral
Quantinuum Trades Below Offer Price. Why the Quantum Stock Is Sliding.

Quantinuum was supposed to be the quantum sector’s most anticipated public listing of the year. While Quantinuum posted a wider net loss and lower revenue for the first quarter, the phenomenon of growing losses and “lumpy” revenue—large infusions of income at inconsistent times—is observed by most players in the industry at some point in their life span.

How skeptical should investors be of these mega-IPOs?
Yahoo Finance Video80d agoneutralVIDEO
How skeptical should investors be of these mega-IPOs?

As markets (^DJI, ^IXIC, ^GSPC) prepare for the public launch of SpaceX (SPAX.PVT) on June 12, should investors be skeptical of these mega-IPOs expected to sweep Wall Street? 9i Capital Group founder and CEO Kevin Thompson cites the circular investing occurring between Big Tech names and these pre-IPO companies — SpaceX, OpenAI (OPAI.PVT), Anthropic (ANTH.PVT). OpenAI and Anthropic have also filed to go public in 2026.

What Elon Musk Told Jamie Dimon on SpaceX’s Roadshow
The Wall Street Journal80d agoneutral
What Elon Musk Told Jamie Dimon on SpaceX’s Roadshow

SpaceX launched its IPO roadshow this week, making its pitch to Wall Street with recorded executive interviews, a flashy website, and a marketing campaign focused on its potential to dominate the commercial space market. Among the stops on the tour was a live-streamed interview with founder and CEO Elon Musk, and JPMorgan Chase CEO Jamie Dimon. Dimon sat on stage on the 51st floor of JPMorgan’s Manhattan headquarters in front of a live audience.

Citi revisits Broadcom stock price target after post-earnings selloff
TheStreet80d agobearish
Citi revisits Broadcom stock price target after post-earnings selloff

Broadcom (AVGO) shares fell 12.6% on June 4 after the chipmaker delivered quarterly results that largely matched Wall Street expectations but failed to provide the AI revenue boost some investors were hoping for. The company reported fiscal second-quarter adjusted earnings of $2.44 a share on ...

LinkedIn co-founder Reid Hoffman to step down from Microsoft's board
Reuters80d agoneutral
LinkedIn co-founder Reid Hoffman to step down from Microsoft's board

Reid Hoffman, billionaire co-founder of networking website LinkedIn, has ‌decided not to stand for re-election ‌to Microsoft's board of directors at its 2026 ​annual shareholder meeting, the software giant said in a filing on Friday. Hoffman, who has served on the board since 2017, ‌will stay on ⁠till the meeting. In 2016, ​he sold LinkedIn ​to Microsoft for $26.2 ‌billion in what was at the time the tech giant's largest-ever deal.