Three members of the US House of Representatives purchased SpaceX shares shortly after the company's historic $75 billion IPO, which priced at $135 per share and surged to over $190 within days. These lawmakers serve on committees overseeing areas relevant to SpaceX's government contracts, raising concerns about potential conflicts of interest despite legal disclosure requirements. SpaceX's stock has since been volatile as investors evaluate its valuation and growth prospects, with the company now valued around $145 per share. The IPO pushed SpaceX's market value to about $2 trillion, making it one of the world's most valuable public companies, though sustaining this depends on future business growth.
SpaceX completed the largest IPO in history a month ago, significantly boosting its valuation and liquidity. This milestone is expected to accelerate investments in key projects like Starlink and Starship, as well as global expansion efforts. The IPO...
President Trump announced a 20% reimbursement fee on all cargo passing through the Strait of Hormuz to cover U.S. military protection costs, causing oil prices to rise over 4%. SK Hynix and Samsung Electronics shares plunged after SK Hynix's U.S. deb...
OpenAI CEO Sam Altman publicly criticized Elon Musk's SpaceX plans to develop space-based data centers for AI computing, calling the technology unproven and questioning its near-term viability. Musk and Altman have a long-running public dispute, with...
Shares of SpaceX declined for a second consecutive day, dropping below its $135 IPO price and its $150 debut price from June 12. The stock's recent inclusion in the Nasdaq-100 index triggered buying from passive investors tracking the index. Nasdaq's...
SpaceX stock opened lower on July 13, breaking below key support levels and signaling a short-term downtrend, driven by post-IPO selling pressure and concerns over its relatively low revenue compared to its massive market cap. Despite this bearish te...
