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 rebuild his position with hopes for new highs if execution holds. Micron benefits from strong demand and long-term contracts, with incremental buying on dips targeting a 34% upside. Meanwhile, Bloom Energy and Credo Technology faced declines, but fundamentals and rebounds remain promising.
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...
SpaceX's stock has risen about 7.6% since its IPO price of $135 per share one month ago, despite significant price swings. The company raised $75 billion in the largest IPO ever, with an initial valuation near $1.77 trillion and a peak market cap abo...
Backpack has introduced the first-ever 24/7 trading platform for real U.S. equities, allowing international investors to buy and sell stocks like SpaceX, Micron, and SanDisk around the clock. Unlike synthetic derivatives, these are actual equities wi...
SpaceX's stock has dropped 25% since its June 16 IPO peak due to concerns over its high $1.8 trillion valuation and ongoing cash losses. While its Starlink unit is profitable but facing declining revenue, its Space launch and AI divisions are heavy c...
SpaceX stock surged to an all-time high of $225.64 shortly after its IPO but has since settled back near its initial price of around $150. Early investors who bought at the IPO price of $135 still see profits, but recent trading shows limited gains o...
