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‘He Learned the Wrong Lesson’: Why the SpaceX IPO Windfall Is a Trap for Everyday Investors
24/7 Wall St.70d agobearish
‘He Learned the Wrong Lesson’: Why the SpaceX IPO Windfall Is a Trap for Everyday Investors

A friend of Paula Pant’s bought SpaceX (NASDAQ:SPCX) at $171, sold at $191, and walked away with roughly $400 to $500 in profit. Then he walked away convinced that stock-picking is easy. On a recent Afford Anything Q&A, financial commentator Joe Salci summed up the problem in four words. “He learned the wrong lesson,” Salci ... ‘He Learned the Wrong Lesson’: Why the SpaceX IPO Windfall Is a Trap for Everyday Investors

Short sellers are coming after SpaceX as it sheds post-IPO gains
Yahoo Finance Video70d agobearishVIDEO
Short sellers are coming after SpaceX as it sheds post-IPO gains

Scott Melker discusses the trading volatility and short activity around SpaceX (SPCX) — the Elon Musk-led company's stock shedding its post-IPO gains — especially as it issues its first debt sale since going public. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.

SpaceX shares tumble as post-IPO frenzy loses steam
Reuters76d agobearish
SpaceX shares tumble as post-IPO frenzy loses steam

Shares of Elon Musk's rockets-to-AI firm SpaceX ‌dropped nearly 9% on Thursday, ‌as the post-IPO frenzy that briefly placed ​it among the top five most valuable companies of the world appeared to fizzle out. Its shares were ‌last down ⁠8.8% to $174.8, after falling nearly 5% in the last ⁠session. Despite the losses, the stock still traded more than 29% ​above its $135 ​offering price.

Tom Sosnoff Says SPCX Stock Will Fall Below Its IPO Price, Explains Why He Sold SpaceX 'At 158'
Benzinga77d agobearish
Tom Sosnoff Says SPCX Stock Will Fall Below Its IPO Price, Explains Why He Sold SpaceX 'At 158'

Tom Sosnoff, Chief Executive Officer at LossDog, predicted that Space Exploration Technologies Corp. (NASDAQ:SPCX) stock will head “under 135″—dropping below its initial public offering price—after revealing he locked in rapid profits by selling his own allocation “at 158.” The Post-IPO Prediction Speaking on the episode of The Drift with Benzinga, Sosnoff expressed strong conviction that the newly public aerospace giant is bound for a downward correction before the end of the year. While he dis

SpaceX stock gains, space companies fall, chips mixed on IPO news
Yahoo Finance Video82d agobearishVIDEO
SpaceX stock gains, space companies fall, chips mixed on IPO news

Yahoo Finance Senior Reporter Brooke DiPalma joins Market Domination to tackle today's top trending tickers, including the momentum driving SpaceX (SPCX) shares in Friday's session after the company's IPO, the impact it is having on other space stocks Virgin Galactic (SPCE) and Rocket Lab (RKLB), and how semiconductor stocks such as Micron Technology (MU) and Nvidia (NVDA) are moving on the historic public offering.

SpaceX Proxy EchoStar Sees Its Stock Drop. It Could Be a Bad Omen for SpaceX IPO.
Barrons.com84d agobearish
SpaceX Proxy EchoStar Sees Its Stock Drop. It Could Be a Bad Omen for SpaceX IPO.

EchoStar stock has been struggling lately and it could bode ill for the coming SpaceX initial public offering on Thursday. SpaceX is one the best proxies for SpaceX because the satellite company reached a deal last year to sell spectrum to SpaceX in return for about 2% of SpaceX stock—some 262 million shares. EchoStar stock has nearly doubled since the first of two spectrum deals was reached with SpaceX in September.