SpaceX went public with a record $2.1 trillion valuation, marking a major milestone for retail and institutional investors. CEO Gwynne Shotwell emphasized that the company’s focus is on long-term projects spanning decades, not short-term quarterly earnings. Despite current cash burn, SpaceX generates significant revenue from launch services and its profitable Starlink satellite internet. Investors are advised to adopt a long-term perspective, as the company prioritizes ambitious goals like Mars missions over immediate profits.
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 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 ...
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...
