SpaceX's IPO is scheduled for June 12 with a projected valuation of $1.75 trillion, reflecting high expectations for its satellite broadband and reusable rocket businesses. The timing is challenging due to recent market volatility triggered by rising interest rate concerns, which have pressured tech stocks and raised investor caution. The IPO assumes flawless execution of SpaceX's Starlink and Starship programs, but historical IPO performance and current losses add risk. Despite these challenges, strong institutional demand and limited supply could support the offering, making it a critical test of investor confidence in high-growth tech valuations.
The FTSE 100 index fell slightly, dragged down by mining stocks reacting to China's slower GDP growth of 4.3% in Q2, its weakest in three years. Despite this, oil prices remained steady amid US-Iran tensions. PayPal shares jumped over 14% following r...
The Goldman Sachs Future Tech Leaders Equity ETF (GTEK) has delivered a 48.9% return year-to-date, nearly doubling the 25% return of the Vanguard Information Technology ETF (VGT). Unlike VGT, which heavily invests in mega-cap tech giants like Nvidia,...
