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 20% retail participation. Elon Musk's projection of $1 trillion revenue by 2030 has boosted optimism. This successful launch is seen as a positive signal for upcoming AI megacap IPOs from Anthropic and OpenAI, though market conditions and SpaceX's post-IPO price stability will be key factors to watch.
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...
Shares of space-related companies like Planet Labs, Intuitive Machines, Firefly Aerospace, and Virgin Galactic dropped sharply amid no company-specific bad news. The selloff is driven by investor capital rotating toward SpaceX, which recently went pu...
Bitcoin experienced a sharp drop followed by a partial recovery in June, sparking debate about whether it has hit its cycle bottom. Rick Rieder, BlackRock's CIO of Global Fixed Income, expressed long-term optimism for Bitcoin's price, though BlackRoc...
SpaceX options were officially listed and saw massive trading activity within the first 30 minutes, becoming the third-most traded single-stock options behind Tesla and Nvidia. Over 300,000 contracts traded, with a strong preference for call options,...
SpaceX shares surged 14% to $219 after announcing a $60 billion all-stock acquisition of Anysphere, maker of the AI coding tool Cursor. This deal, expected to close in Q3 2026, pushes SpaceX's market cap close to $2.9 trillion, rivaling Microsoft. Th...
