SpaceX shares surged after IPO pricing but retreated from a $225 high to close at $201.68, signaling cooling enthusiasm. Major U.S. stock indices mostly fell, with Nasdaq down 1.15% and S&P 500 down 0.57%, while Dow Jones rose 0.64%. Treasury yields declined amid positive geopolitical news, and oil prices dropped sharply on hopes of an Iran deal reopening the Strait of Hormuz. Gold and natural gas prices rose modestly, while cryptocurrencies saw slight declines amid cautious investor sentiment. Analyst upgrades and downgrades across various sectors reflect mixed market outlooks.
U.S. stock futures showed mixed results with Dow Jones futures down while Nasdaq 100 and S&P 500 futures rose as investors awaited the Federal Open Market Committee's interest rate decision. La-Z-Boy surged nearly 20% after reporting better-than-expe...
SpaceX, with a massive $2.7 trillion market cap but no earnings, is set to be included in major index funds like Vanguard's VUG this summer. This inclusion is controversial as it introduces high volatility—SpaceX's implied volatility is nearly 120, t...
Wedbush analyst Dan Ives says the recent weakness in chip stocks was due to investors repositioning ahead of SpaceX's IPO, not a drop in demand. After SpaceX's listing, the tech sector held steady, indicating strong fundamentals. Ives expects upcomin...
SpaceX went public with an IPO valuation of $2.1 trillion, trading at 112 times sales despite $4.9 billion in net losses and negative free cash flow. The high valuation is driven by aggressive projections from underwriters, but independent analysts e...
Shares of SpaceX surged nearly 5% to close above $200, showing extreme volatility with intraday peaks near $225. Investor enthusiasm is driven by SpaceX's ambitious space projects and AI ventures, including recent acquisitions and data center expansi...
