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 updated rules allowed SpaceX to join the index within a month of going public, boosting initial demand. The recent price drop brings the stock closer to its initial offering value, signaling early volatility after its public debut.
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...
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 re...
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...
David H. Lerner highlights cautious optimism for SpaceX due to current valuation and expected volatility around the Starship launch, recommending patience before buying. Meta Platforms is gaining momentum driven by AI initiatives, prompting Lerner to...
Elon Musk and Sam Altman reignited their public feud on social platform X following Apple's lawsuit accusing OpenAI of stealing trade secrets. Musk criticized Altman, calling him a scammer, while Altman responded by highlighting OpenAI's latest AI mo...
