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Musk's SpaceX raises $75 billion in largest IPO ever
Reuters85d agoneutral
Musk's SpaceX raises $75 billion in largest IPO ever

Elon Musk's SpaceX raised the $75 billion it targeted in a hotly awaited IPO on Thursday, selling shares at a fixed price of $135 that valued the space, satellite and AI company at $1.77 trillion. ​It's definitely ​going to be a long-term story, and I think it will ​take time for the stock to find its footing ‌in the public markets.

SpaceX takes unconventional route to pricing its stock ahead of IPO
Yahoo Finance Video85d agoneutralVIDEO
SpaceX takes unconventional route to pricing its stock ahead of IPO

It's SpaceX IPO Eve (SPAX.PVT) and Elon Musk's space company is setting its IPO price on Thursday night, taking an alternate route to offer stock at $135 per share rather than a general range. Yahoo Finance Senior Reporter Pras Subramanian breaks down this unconventional public stock offering. SpaceX is expected to go public on the Nasdaq this Friday, June 12, under the ticker SPCX.

Credo Technology (CRDO) Completes Acquisition of DustPhotonics to Expand Optical Connectivity Portfolio
Insider Monkey85d agoneutral
Credo Technology (CRDO) Completes Acquisition of DustPhotonics to Expand Optical Connectivity Portfolio

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) is one of the best IPO stocks to buy and hold for 2 years. On May 28, Credo Technology announced the completion of its acquisition of DustPhotonics. The deal integrates DustPhotonics’ silicon photonics technology into Credo’s portfolio, enabling support for 800G, 1.6T, and 3.2T optical connectivity. This acquisition provides […]

This $25 Billion Acquisition Just Unlocked a New Era of Growth for Pfizer — and Why It’s a Flawless Safe-Haven for Retirees
24/7 Wall St.85d agoneutral
This $25 Billion Acquisition Just Unlocked a New Era of Growth for Pfizer — and Why It’s a Flawless Safe-Haven for Retirees

Pfizer (NYSE:PFE) is in the middle of its biggest reinvention in a generation, leaning on the Seagen oncology platform and the freshly closed Metsera obesity assets to offset a COVID revenue cliff and looming patent losses. With shares at $25.60 and yielding nearly 7%, the only question that matters for income investors is whether that ... This $25 Billion Acquisition Just Unlocked a New Era of Growth for Pfizer — and Why It’s a Flawless Safe-Haven for Retirees

Tesla Stock Needs the SpaceX IPO to Happen Already
Barrons.com85d agoneutral
Tesla Stock Needs the SpaceX IPO to Happen Already

Tesla stock rose early Thursday after the order book for SpaceX’s massive IPO closed. Tesla stock was up 0.8% at $384.74 on Thursday, while the and were up 0.2% and 0.6%, respectively. Coming into Thursday trading, shares were down almost 10% over the past week, leaving investors wondering if Tesla investors were selling stock to fund purchases of SpaceX shares, which are expected to begin trading on Friday.

Retail Is Cashing Out Of Micron, AMD, AI Stocks Ahead Of SpaceX IPO
Benzinga85d agoneutral
Retail Is Cashing Out Of Micron, AMD, AI Stocks Ahead Of SpaceX IPO

Retail investors are liquidating some of the biggest winners in the AI trade to raise cash for Friday’s SpaceX (SPCX) IPO, and the selling pressure is landing hardest on semiconductors. MU stock is moving. See the chart and price action here. Data from Vanda Research shows individual investors net sold equities for three consecutive days through Wednesday — the first such stretch since March 2020, according to CNBC. On Monday alone, retail pulled the most capital from individual stocks since Nov