SpaceX’s stock has soared since its IPO, leading some to label it a meme stock like GameStop or AMC. However, unlike typical meme stocks driven by social media hype and weak fundamentals, SpaceX operates across multiple fast-growing industries including reusable rockets, satellite broadband, defense, AI, and space infrastructure. Its management focuses on long-term projects rather than short-term earnings, investing heavily in future growth. While the stock may be overvalued now, its value is based on tangible assets and innovation, not just hype.
Space Exploration Technologies Corp. (SpaceX) saw its shares surge over 11% in premarket trading, pushing its market capitalization close to $3 trillion, surpassing Amazon to become the fifth-largest company globally. This rapid valuation increase ha...
Elon Musk's net worth surged to $1.27 trillion following SpaceX's IPO, making him the first known trillionaire adjusted for inflation. This year alone, his wealth increased to $653 billion, surpassing the net worth of the world's second-richest perso...
Yum! Brands is divesting Pizza Hut for $2.7 billion, selling its operations outside Mainland China to LongRange Capital and Pizza Hut China to Yum China. This move allows Yum! to concentrate on accelerating growth in its remaining brands like KFC and...
Shares of Intel and AMD fell by 7% and 6% respectively after recent strong gains, with no new negative news driving the drop. Both companies reported strong Q1 FY2026 results, highlighting growth in AI and data center segments. The pullback is viewed...
SpaceX's IPO on June 15 was a major success, debuting smoothly with a 19% gain and a market cap near $2.52 trillion, making it one of the largest U.S. listings ever. Retail investors showed strong interest, with record retail order activity and about...
