Gwynne Shotwell said a tie-up "might make Elon's life a little easier" but added she is focused on current operations
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WSJ’s Becky Peterson reports from the Nasdaq where Elon Musk’s SpaceX launches the largest IPO in history.
The offering values Elon Musk's company at $1.77 trillion ahead of its Nasdaq debut.
SpaceX allocated around 20% of its $75 billion offering to individual investors, according to people familiar with the matter. That figure is significantly higher than the typical 5% to 7% range in an IPO allocated to so-called retail investors.
SpaceX (SPCX) hits public markets today at a touted $1.75 trillion valuation, and for the first time, investors have to choose between two of Musk's biggest bets - SpaceX and Tesla (TSLA) - rather than just one.
IG derivatives imply a 35% gain from SpaceX's $1.77 trillion IPO valuation.
SpaceX trading is set to begin, officially making Tesla and SpaceX CEO Elon Musk a trillionaire. SpaceX is worth more to Musk than Tesla, but which company will turn out more valuable to investors is harder to say. Tesla stock was up 0.8% in premarket trading at $402.18 Friday, while and futures were up 0.4% and 0.6%, respectively.
The company is set to begin trading under the ticker symbol SPCX at a valuation of $1.77 trillion
Brett Winton says Starlink, Starship, and orbital data centers could support massive long-term growth.
The benchmark US stock measures were pointing higher before the open Friday amid media reports that
SpaceX trading is set to begin, officially making Tesla and SpaceX CEO Elon Musk a trillionaire. SpaceX is worth more to Musk than Tesla, but which company will turn out more valuable to investors is harder to say. Tesla stock was up 0.2% in premarket trading at $399.86 Friday, while and futures were up 0.4% and 0.5%, respectively.
Tesla (TSLA) is back in focus after a packed week that combined an unsupervised robotaxi rollout in Austin, fresh Full Self-Driving approvals in Belgium and Denmark, and a high profile upgrade from JPMorgan. See our latest analysis for Tesla. At a share price of US$399.15, Tesla has swung between sharp daily moves and a weaker short term trend, with a 1 day share price return of 4.60% but a 30 day share price return down 7.91%. At the same time, the 1 year total shareholder return sits at...
Hedge funds sold out of the biggest U.S. tech stocks, and some even added bearish positions, according to data from a JPMorgan note late Thursday, just before SpaceX was set to go public on Friday. Shares in the "Magnificent Seven" -- a group that includes some of the biggest tech names on Wall Street, namely Nvidia, Apple, Amazon.com, Alphabet, Meta, Tesla, and Microsoft, have all declined since last Friday. The Roundhill Magnificent Seven ETF, which tracks these stocks closely, declined over 2.4% since June 5, with some analysts saying investors were clearing their decks in order to prepare for the debut of Elon Musk's Space X on Friday.
Venture capitalist Marc Andreessen famously said that software was eating the world. Now, AI is eating the stock market. SpaceX, by virtue of its February merger with xAI, is the first of the money-losing frontier artificial intelligence companies to go public, beating OpenAI and Anthropic, albeit with a twist.
As gas prices continue to be a concern, interest in electric vehicles (EVs) is rising, leading to common questions about aspects like charging, savings, and purchasing. Veloz's Electric For All program, a nonpartisan nonprofit initiative, addresses these inquiries by providing resources such as savings calculators and incentives guides. They emphasize that EVs not only offer lower fueling costs—averaging 5 cents per mile compared to 13 cents per mile for gas—but also boast fewer maintenance...
SpaceX (NASDAQ:SPCX) is preparing to begin trading on Nasdaq on Friday after completing the largest initial public offering ever, with investors committing $75 billion in a vote of confidence that Elon Musk’s long-term ambitions in space exploration, communications and artificial intelligence can support a valuation of $1. 77 trillion.
In recent years, Elon Musk has been picky about whom he allowed to buy in to SpaceX, the rocket ship company making its highly anticipated stock market debut this week. One investor said that when SpaceX was privately held, he used a connection with a cousin of the billionaire entrepreneur to buy $10 million worth of stock in the satellite maker in 2018. A portfolio manager at a $500 billion U.S. fund said he had to use his relationship with a board member of the Musk-led Tesla for an allocation of SpaceX shares in 2023.
Just what retail investors needed... a leveraged SpaceX ETF debuting the same day as Wall Street's largest-ever IPO.
Investing.com -- SpaceX begins trading on Nasdaq today under the ticker SPCX, targeting a valuation of approximately $1.75 trillion and seeking to raise $75 billion, more than 2.5 times the previous record set by Saudi Aramco (TADAWUL:2222) in 2019. The scale alone rewrites the record books. But the more interesting argument for "unique" runs deeper than the headline number.
The float could make Tesla and X owner Elon Musk the world’s first paper trillionaire.
The segment continues to be driven by strong demand for BEVs, led by Tesla and BYD.
SpaceX is set to begin trading on Nasdaq on Friday after investors poured $75 billion into the world's biggest IPO ever, betting that Elon Musk's lofty space, communications and AI ambitions can justify a $1.77 trillion valuation. The landmark listing cemented Musk's status as the first trillionaire ever and propelled SpaceX into the ranks of the world's most valuable companies - even though the firm posted a loss of nearly $5 billion last year and generated only a fraction of the revenue brought in by similarly valued tech giants. The stock's performance will be a test for the so-called "Musk premium," which has been the force behind Tesla's $1 trillion-plus valuation.
The offering would value the reusable rocket company at $1.77tn.
Baron is hugely positive about SpaceX, largely because of Elon Musk.
(Bloomberg) -- Shadow markets are pricing a blockbuster SpaceX stock debut, indicating a pop of at least 35% for Elon Musk’s rocket, satellite and AI company.Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeXbox Plans Significant Layoffs as New CEO Plans OverhaulTrump Insists Iran Deal Is Close After Scrapping New StrikesTrump Vows New Attacks on Iran, Threatens Key Energy TargetsUAE and Iran Meet Face-to-Face to Try to Deescalate TensionsDerivatives offered by o
Investment bank Oppenheimer Holdings Inc. (NYSE:OPY) has launched the first coverage of commercial space flight company SpaceX on Wall Street, predicting a near 41% upside for the Elon Musk-led company ahead of Friday’s IPO. Oppenheimer Sets $190 Price Target In a new investor note released on Thursday, the investment bank set a price target of $190 for SPCX, a nearly 41% upside compared to the IPO offer price of $135/share. Read Also: SpaceX IPO Valuation Is Worth More Than Boeing, RTX, GE Aero
Tesla, Inc. (NASDAQ:TSLA) is one of the best forever stocks to buy, according to analysts. On June 7, JPMorgan reiterated that Tesla (NASDAQ:TSLA)’s ambitions around autonomous vehicles, humanoid robotics, and energy storage are underappreciated. Consequently, the investment bank upgraded the stock to Neutral from Underweight. JPMorgan expects Tesla’s share price to rise to about $475 […]
Asian stocks gained and oil dipped Friday after US President Donald Trump withdrew his threat of further strikes on Iran and said a deal could be signed in the coming days."Donald Trump's rhetoric flipped intraday from strike risk and hard military language toward no immediate attack, high-level diplomacy with Iran and talk of a deal being close enough to sign as soon as this weekend in Europe, with Vice President JD Vance expected to attend," said Stephen Innes at SPI Asset Management.