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SpaceX Stock Tumbles 10%
The Wall Street Journal75d agobearish
SpaceX Stock Tumbles 10%

SpaceX shares are on course for their biggest one-day decline since they went public earlier this month. They are down for the third session in a row, and more than 15% below their record close of $201.

SpaceX Kicks Off Debut High-Grade Bond Sale
Bloomberg75d agoneutralVIDEO
SpaceX Kicks Off Debut High-Grade Bond Sale

SpaceX is selling investment-grade bonds for the first time to fund the company's AI ambitions following its record IPO. Ed Ludlow has more on "Bloomberg Open Interest."

Did Elon Musk Just Hint a SpaceX-Tesla Merger Is Imminent?
24/7 Wall St.75d agoneutral
Did Elon Musk Just Hint a SpaceX-Tesla Merger Is Imminent?

The market’s attention has been fixed on SpaceX‘s (NASDAQ:SPCX) historic public debut and the company’s rapid climb toward a valuation exceeding $2 trillion. Yet the bigger story may not be the IPO itself. It may be what Elon Musk does next. Over the past several years, Musk has increasingly consolidated businesses that share technology, talent, ... Did Elon Musk Just Hint a SpaceX-Tesla Merger Is Imminent?

Here Are Monday’s Best Wall Street Analyst Research Calls: Accenture, Apple, Boyd Gaming, BWX Technologies, Conoco-Phillips, Estee Lauder, Hut 8, Incyte, SpaceX, and More
24/7 Wall St.75d agoneutral
Here Are Monday’s Best Wall Street Analyst Research Calls: Accenture, Apple, Boyd Gaming, BWX Technologies, Conoco-Phillips, Estee Lauder, Hut 8, Incyte, SpaceX, and More

Pre-Market Stock Futures: Futures are trading mixed as we prepare to finish the last full week of the second quarter. We finished a wild holiday-shortened trading week last Thursday, as Friday was the federal Juneteenth holiday, and all major indices rebounded smartly from the Federal Reserve-induced sell-off on Wednesday. Details of the signed memorandum of ... Here Are Monday’s Best Wall Street Analyst Research Calls: Accenture, Apple, Boyd Gaming, BWX Technologies, Conoco-Phillips, Estee Laud

China's Starlink rival launches new fundraising round, state media says
Reuters75d agoneutral
China's Starlink rival launches new fundraising round, state media says

China's low Earth orbit satellite company SpaceSail, widely seen ‌as a challenger to Elon Musk's ‌Starlink, has launched a new round of fundraising, state ​media Securities Times reported on Monday. • The new investment from the financing round will represent a combined equity stake ‌of no more ⁠than 20%, the report said. • The Shanghai government-backed company aims to deploy as many as 15,000 low ‌Earth orbit satellites by 2030 ​and has secured overseas ​contracts in ​regions like Brazil to compete directly ‌with Starlink.

Michael Burry sees a $3 trillion problem with SpaceX
TheStreet76d 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.76d 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