Galaxy Digital secured city council approval for a roughly 500-acre data center campus dubbed Project Merlin in McGregor, Texas.
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<body><p>STORY: After a blockbuster initial public offering this month, SpaceX's stock has been on a wild ride, soaring 67% to its June 16 intraday high of $225.64 before tumbling to Thursday's $153 close.</p><p>And on Friday, a report that fellow AI powerhouse OpenAI was considering delaying its public debut until next year weighed on risk sentiment toward the tech space.</p><p>Conzo said that while the market believes in the future of AI and the heavy investment needed to build it, investors are still wondering when the CapEx spending will start to "really yield profits for the companies that are going to use it?"</p></body>
Verizon Communications successfully bid nearly $3.2 billion for wireless licenses in a Federal Communications Commission auction for mid-band spectrum, the agency said Friday. AT&T, T-Mobile and Space X also won spectrum licenses in the auction that raised about $3.5 billion. T-Mobile successfully bid $278 million, T-Mobile $121 million and Space X $8.5 million, the FCC said.
AST SpaceMobile had some setbacks, but it's launching satellites faster now.
Space stocks are catching a bid in Friday midday trading. Virgin Galactic (NYSE:SPCE) stock is up 13% to $2.83, AST SpaceMobile (NASDAQ:ASTS) stock is up 9% to $71.72, and Rocket Lab (NASDAQ:RKLB) stock is up 5% to $84.40. The synchronized move has reignited a familiar debate on trading desks and financial social media. The question ... Virgin Galactic Rises 13%, AST SpaceMobile Jumps 9%, Rocket Lab Climbs 5%: Is This a Re-Rotation Out of SpaceX?
Cryptocurrencies tied to decentralized artificial intelligence sold off on June 26 as reports surfaced that OpenAI is leaning toward delaying its initial public offering (IPO). As per The New York Times, the maker of ChatGPT is reportedly planning to hold off until next year. People ...
Index-tracking funds will have to buy the stock as it joins major benchmarks over the next two weeks, creating a fresh source of demand regardless of valuation or momentum.
Nvidia has dominated the AI chip market for years, but the era of total dependence might be ending. OpenAI just shared its plans to spice things up with Jalapeño, its custom inference chip built with Broadcom, joining Google, Apple, and SpaceX in a growing list of companies building their way out of single-supplier risk. The goal is less of a […]
SpaceX Faces Fresh Scrutiny as Analyst Questions Sky-High Valuation
The last of 2026's three most anticipated AI IPOs is now leaning toward waiting
Two weeks after the largest IPO in history priced, SpaceX (NASDAQ:SPCX) opened at $1.8 trillion valuation and has drifted to roughly $2 trillion, which Chad Anderson, managing partner at Space Capital and a decade-long SpaceX backer, calls cheap. Speaking on CNBC on June 26, Anderson argued the space economy has been structurally underpriced for years and ... A 10-Year SpaceX Investor Says the $2 Trillion Price Tag Is Still Too Cheap
When looking at underlying financial performance, the answer is clear as day.
A report that OpenAI could delay its IPO, and stock slides for SpaceX and Cerebras, could slow IPO activity. But a lull may not last long.
The post-IPO drop from SpaceX could be felt by traders who chased one of the hottest public offerings in years. It’s quickly turning into something bigger. SpaceX (SPCX) has already transitioned from market spectacle to portfolio reality. Some investors might own SpaceX without ever purchasing the ...
They call it a ‘hundred-year flood.’ Is your nest egg already underwater?
It's a hotly debated subject after the largest IPO in history.
Oppenheimer tech analyst Timothy Horan used a recent CNBC segment to lay out a bull case for SpaceX (NASDAQ:SPCX), arguing that the company’s edge in artificial intelligence justifies a price target well above where shares are changing hands today. SpaceX IPO’d roughly 2 weeks ago, and Oppenheimer’s $250 SpaceX price target puts physical AI squarely ... Analyst Behind $250 SpaceX Target Says Physical AI Will Be “One of AI’s Fastest-Growing Areas Over the Next 4-5 Years”
Even if OpenAI delays its IPO, AMD stock should be fine.
Triller Group (NASDAQ:ILLR) shares surged on Thursday after the company announced a deal that will give it significant exposure to SpaceX Corp (NASDAQ:SPCX) through a new treasury investment structure. The company’s shares were up more than 42% on Friday, bringing its weekly gains to about...
Shares of SpaceX (NASDAQ:SPCX) are trading lower again on Friday morning, with the stock changing hands at $152. That extends a rough stretch in which SpaceX stock has fallen 17% over the past week. The slide ran from $185 on June 18 down to $153 at the June 25 close. With a market capitalization still ... SpaceX Is Down 17% This Week. What Could Push It Back Up to $225?
President Gwynne Shotwell told investors during a recent IPO roadshow that SpaceX could build its own terrestrial mobile network
SpaceX is poised to close out its first full week as a public company on a down note, with shares on track to shed 18% — extending a rough debut for one of the most highly anticipated IPOs.
SpaceX is poised to close out its first full week as a public company on a down note, with shares on track to shed 18% — extending a rough debut for one of the most highly anticipated IPOs.
Global stocks plunged on Friday in a tech rout after Apple said it would increase prices by up to £300 because of AI costs.
SpaceX Corp (NASDAQ:SPCX) is considering launching a Starlink-branded mobile phone service in the United States, according to a Financial Times report published on Friday, potentially expanding the company's role in the telecommunications market. The report cited comments from SpaceX...
Shares in the rocket and AI company are down 24% over the past six trading sessions, costing CEO Elon Musk his trillionaire status.
You might be surprised who has billions to gain from Anthropic's upcoming IPO.