Cathie Wood’s ARK Invest is doubling down on both Tesla and SpaceX as shares of Elon Musk’s trillion-dollar companies slide.
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SpaceX just won’t stop going down. Shares are very close to the $100 level where Morgan Stanley analyst Adam Jonas believes the company is getting no value for its AI business. Jonas’ $100 price observation isn’t too far from the $90 Barron’s suggested SpaceX was worth about a week before the IPO.
There are a lot of things happening for SpaceX next week.
Retail sentiment remains ‘bearish’ on SPY and deteriorated to ‘extremely bearish’ on QQQ, amid growing anxiety around technology stocks.
SpaceX's stock is well below its IPO price.
NASA Administrator and former Shift4 Payments Inc. (NYSE:FOUR) CEO Jared Isaacman has backed Elon Musk and Space Exploration Technologies Corp.‘s (NASDAQ:SPCX) goal of establishing space-based compute capacity via orbital data centers. AI Race Healthy for NASA During an appearance on the Moonshot podcast on Monday, Isaacman said that the Artificial Intelligence race was “extremely healthy” for NASA. He then said that if “Elon and SpaceX are betting on this [orbital data centers], there is no rea
Spoiler: You'd probably rather have that $10,000 back.
Between now and year's end, this rocket stock could fall even closer to Earth.
Is the recent IPO's honeymoon period finally over?
ARK Invest bought 124,543 SpaceX shares worth about $14.1 million and 27,864 Tesla shares worth about $8.6 million.
Shares of satellite radio and media company Sirius XM (NASDAQ:SIRI) jumped 4.9% in the afternoon session after Wells Fargo upgraded the stock to Equal Weight from Underweight, significantly raising its price target. The bank boosted its price target to $30 from $18, citing a major revaluation of the company's spectrum from $1 billion to $5 billion. Wells Fargo analyst Steven Cahall noted that the firm had missed a "meaningful market revaluation" of the spectrum. The note explained that spectrum
Space Exploration Technologies stock has dropped sharply year to date, yet the broader valuation checks still flag it as expensive rather than a bargain. This creates a clear tension for anyone trying to judge whether the recent weakness has made the current price more reasonable. The share price is down 29.5% year to date, which means investors are now weighing a much lower market value against concerns that the stock may still not be cheap on key metrics. Expectations around Space...
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European founders who run out of seed money usually know where they’re headed next: a flight to San Francisco or New York. That pattern has held for a decade across software and biotech, and it has quietly decided who ends up owning Europe’s most promising companies once they get big. The ...
SpaceX stock trades below its IPO price before a big August share unlock. Meta's 2012 crash shows what happens next.
Elon Musk built SpaceX and helped turn Tesla Inc. into an electric-vehicle giant while repeatedly working more than 100 hours a week, a schedule he has linked to vacations that went spectacularly wrong. Musk Builds Companies Through Relentless Workweeks After...

ARK Invest director of research for consumer internet and fintech, Nicholas Grous, explains why he thinks there is so much untapped potential for prediction markets.
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The company's recent earnings report may have eased the market's concerns about the business.
Constellation would carry voice, messaging, data and emergency services to unserved areas
Shares of SpaceX have cratered by 50% from their all-time high.
Shares Are Down Nearly 50% from Their Mid-June High

Yahoo Finance Markets and Data Editor Jared Blikre takes a look at how market capitalization changed in July for the top US stocks: SpaceX (SPCX), Tesla (TSLA), Alphabet (GOOG, GOOGL), and Apple (AAPL).
New network would connect smartphones directly from space

SpaceX (SPCX) stock has hit an all-time low on Monday despite the successful launch of its Starship rocket last week. Yahoo Finance Senior Transports Reporter Pras Subramanian chats with Josh Lipton about what brought SpaceX's stock momentum to a screeching halt since it went public in June.
SpaceX stock is on track for its fourth weekly skid as shares tumble 50% from highs. Elon Musk maintains Mars goal. Analysts weigh good, bad from Starship test.
Nvidia is rallying big tech around a new security mission.
The space stock's struggles could still be in their early stages.
Elon Musk promised to put Dogecoin on the moon back in 2021. On September 14, 2026, 49 days from today, SpaceX's DOGE-1 CubeSat mission is scheduled to launch. The satellite was fully funded by Dogecoin payments. It is, quite literally, a Dogecoin going to the moon. Musk has also stated separately ...