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Amazon just beat Starlink to a market Musk can't crack
TheStreet49d agobullish
Amazon just beat Starlink to a market Musk can't crack

The internet map of the world is not drawn by engineers. It is drawn by lawyers, by regulators, and by whoever is willing to sign the local paperwork. A rocket can reach any patch of ground on Earth. A license cannot. That gap between what a technology can do and what a government will let it do is ...

SCPQ Surges 10% as SpaceX Hits New Low
24/7 Wall St.49d agobullish
SCPQ Surges 10% as SpaceX Hits New Low

SpaceX shares are cratering after a scrubbed Starship test flight, and a niche leveraged ETF is turning that pain into outsized gains for short-sellers who knew exactly where to position themselves.

There is an untold story behind SpaceX's post-IPO swoon
TheStreet49d agoneutral
There is an untold story behind SpaceX's post-IPO swoon

It had to happen. After the June 11 market close, Elon Musk took his Space Exploration Technologies Corp. (otherwise known as SpaceX) public. Price: $135 a share. Result: The company raised some $75 billion before expenses. The next day, when the shares could be traded, the shares reached $176.52, ...

SpaceX’s Market Value Is Now $1 Trillion Lower Than Its Highs
The Wall Street Journal49d agoneutral
SpaceX’s Market Value Is Now $1 Trillion Lower Than Its Highs

SpaceX’s valuation has swooned over the past month, and as of late Friday morning was more than $1 trillion lower than its peak, according FactSet. The company’s market capitalization hit a recent peak at almost $2.7 trillion on June 16, four days after shares in the company made their trading debut. SpaceX’s stock was trading down almost 6% around 11:15 a.m. ET.

Investing.com50d agoneutral
SpaceX loses over $1 trillion in value from peak

Investing.com -- SpaceX stock continued lower on Friday as the space exploration and artificial intelligence company moved toward erasing more than $1 trillion from its peak market value.

Cathie Wood buys $36.1 million of tumbling tech stock
TheStreet50d agobullish
Cathie Wood buys $36.1 million of tumbling tech stock

Cathie Wood, CEO of Ark Investment Management, is known for buying high-growth stocks soon after they go public, especially when share prices pull back after an early rally. That's exactly what she's doing with SpaceX this week, adding more than $36 million worth of the newly public stock as it ...

Databricks Set to Hit $188 Billion Valuation With New Investment From Coatue
The Wall Street Journal50d agoneutral
Databricks Set to Hit $188 Billion Valuation With New Investment From Coatue

Coatue Management is leading a $3 billion investment in Databricks, a data-analytics software provider, that values the company at $188 billion, according to people familiar with the matter. The new financing represents a 40% increase from its valuation in December, when Databricks raised money at a $134 billion valuation. It recently released a new software tool, called Unity AI Gateway, that allows companies to access AI models and track their spending on the technology.

SpaceX Shares Fall After Company Aborts Starship Test Launch
The Wall Street Journal50d agobearish
SpaceX Shares Fall After Company Aborts Starship Test Launch

Shares of SpaceX fell in after-hours trading Thursday after the company wasn’t able to launch its Starship rocket on a key test flight. SpaceX was proceeding toward the launch at 6:45 p.m. ET from its site near Brownsville, Texas, with its countdown clock ticking down. Then, the mission was aborted just as the Starship booster engines were supposed to start firing away, according to a company livestream.

SpaceX IPO Trails Largest 2026 Debuts
The Wall Street Journal50d agoneutral
SpaceX IPO Trails Largest 2026 Debuts

SpaceX's post-IPO performance is trailing among this year's top 10 blockbuster debuts. Shares will close below the rocket maker's $135 IPO price for the first time if the current price around $131 holds.