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Michael Burry sees a $3 trillion problem with SpaceX
TheStreet49d agoneutral
Michael Burry sees a $3 trillion problem with SpaceX

SpaceX already nailed its first test stock market test. The tough question is whether investors can detach the stock from the company. Elon Musk’s rocket, satellite, and artificial intelligence company has become one of the most controversial new listings on the market after a record-breaking ...

Morningstar Says SpaceX Could Be Worth Less Than Half Its $1.75 Trillion IPO Price
24/7 Wall St.49d agoneutral
Morningstar Says SpaceX Could Be Worth Less Than Half Its $1.75 Trillion IPO Price

One of the most anticipated public offerings in recent memory is drawing skepticism. SpaceX (NASDAQ:SPCX) currently has a valuation of roughly $2.44 trillion, up nearly 40% from its $1.75 trillion IPO. Morningstar analysts have signaled the stock could be worth less than half that figure on a fundamentals basis. That gap was the centerpiece of a recent segment on ... Morningstar Says SpaceX Could Be Worth Less Than Half Its $1.75 Trillion IPO Price

Hormuz Status, MU Earnings and Other Key Things to Watch this Week
Barchart49d agoneutral
Hormuz Status, MU Earnings and Other Key Things to Watch this Week

Thursday delivers an economic data convergence with Q1 GDP revision, May Core PCE, durable goods orders, and initial jobless claims all at 8:30am, providing comprehensive economic assessment. The week features critical semiconductor earnings from Micron (MU) Wednesday and FedEx (FDX) Tuesday testing chip demand and logistics health.

A SpaceX-Tesla Merger Could Manufacture A $5 Trillion Giant: Here's What Prediction Markets Say
Benzinga49d agoneutral
A SpaceX-Tesla Merger Could Manufacture A $5 Trillion Giant: Here's What Prediction Markets Say

Elon Musk’s next move could be a SpaceX-Tesla merger big enough to challenge Nvidia Corp. for the title of most valuable company on Earth. Just three sessions into its IPO, SpaceX has already surged nearly 50% to roughly $2.6 trillion, leaving Tesla Inc. and its $1.5 trillion behind. The wider that gap runs, the cheaper Tesla gets to absorb, and the more control Musk keeps over whatever emerges. The Math On A $5 Trillion Giant The case for a merger, laid out this week by Bloomberg columnist Liam

SpaceX Is Already Pulling Back From Its High. History Says That Is Not a Good Sign
24/7 Wall St.49d agoneutral
SpaceX Is Already Pulling Back From Its High. History Says That Is Not a Good Sign

The biggest stock market stories often begin the same way: enormous excitement, headlines about record-breaking demand, and a stock price that climbs the moment trading begins. SpaceX checked every one of those boxes when it debuted on the Nasdaq on June 12. Shares were priced at $135, opened at $150, and finished their first trading ... SpaceX Is Already Pulling Back From Its High. History Says That Is Not a Good Sign

Don’t Trust OpenAI, “This Is Your Final Warning”
24/7 Wall St.49d agoneutral
Don’t Trust OpenAI, “This Is Your Final Warning”

Jason Calacanis used his perch on This Week in Startups to fire what he called a “final warning” at Y Combinator founders: do not take free OpenAI tokens in exchange for equity. The framing of the episode, “Why SpaceX Buying Cursor Changes Everything,” set up a wider argument about platform risk in AI, and Calacanis ... Don’t Trust OpenAI, “This Is Your Final Warning”