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SpaceX stock slide sends chill through tech rally, investor says
Reuters Videos43d agobullishVIDEO
SpaceX stock slide sends chill through tech rally, investor says

<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>

Reuters43d agoneutral
Verizon bids $3.2 billion to win US spectrum licenses

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.

Virgin Galactic Rises 13%, AST SpaceMobile Jumps 9%, Rocket Lab Climbs 5%: Is This a Re-Rotation Out of SpaceX?
24/7 Wall St.43d agobullish
Virgin Galactic Rises 13%, AST SpaceMobile Jumps 9%, Rocket Lab Climbs 5%: Is This a Re-Rotation Out of SpaceX?

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?

OpenAI IPO delay sends AI tokens crashing
TheStreet43d agobearish
OpenAI IPO delay sends AI tokens crashing

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 ...

A 10-Year SpaceX Investor Says the $2 Trillion Price Tag Is Still Too Cheap
24/7 Wall St.43d agoneutral
A 10-Year SpaceX Investor Says the $2 Trillion Price Tag Is Still Too Cheap

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

SpaceX volatility just entered ordinary 401(k)s
TheStreet43d agoneutral
SpaceX volatility just entered ordinary 401(k)s

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 ...

Analyst Behind $250 SpaceX Target Says Physical AI Will Be “One of AI’s Fastest-Growing Areas Over the Next 4-5 Years”
24/7 Wall St.44d agoneutral
Analyst Behind $250 SpaceX Target Says Physical AI Will Be “One of AI’s Fastest-Growing Areas Over the Next 4-5 Years”

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”

SpaceX Is Down 17% This Week. What Could Push It Back Up to $225?
24/7 Wall St.44d agoneutral
SpaceX Is Down 17% This Week. What Could Push It Back Up to $225?

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?

SpaceX stock sheds 17% in first week of trade
Yahoo Finance44d agoneutral
SpaceX stock sheds 17% in first week of trade

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 stock on track to shed 18% this week
Yahoo Finance44d agoneutral
SpaceX stock on track to shed 18% this week

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 reportedly plans Starlink mobile service for US consumers
Proactive44d agoneutral
SpaceX reportedly plans Starlink mobile service for US consumers

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...