This week saw three IPOs and three SPACs priced, while seven IPOs and three SPACs filed for listings. Despite this activity, recent IPOs have experienced poor aftermarket returns, exemplified by SpaceX's SPAC trading below its initial price. No IPOs are currently scheduled for the upcoming week, though some companies remain eligible to launch. Investors can expect street research on three companies and two lock-up expirations soon, indicating ongoing market interest despite recent challenges.
The Defiance Daily Target 2X Short SpaceX ETF (SPCQ) surged about 10% after SpaceX shares fell below $125, under its IPO price. SPCQ is a leveraged inverse ETF designed to deliver twice the opposite daily performance of SpaceX, meaning it gains when ...
SpaceX's stock dropped 5.5% to $122.12, falling 44% from its intraday high of $225.64 after its IPO debut at $135. The decline reflects concerns that the $2 trillion valuation was too much for the U.S. market to absorb. Despite heavy options trading,...
SpaceX's Starship rocket test launch was automatically aborted seconds before liftoff due to a failure in igniting four of its 33 Raptor engines. This triggered the rocket's safety system to shut down all engines and keep the vehicle on the launch pa...
Tesla, SpaceX, and Meta are experiencing early pre-market declines due to geopolitical risks from the Middle East conflict and cautious investor sentiment ahead of earnings reports. Tesla is nearing a key support level at $383 before its earnings nex...
SpaceX shares fell 4.2% after aborting the Starship V3 launch due to engine issues, continuing a five-day decline below its IPO price. Netflix reported Q2 revenue of $12.56 billion, slightly missing expectations despite 13.4% growth and strong operat...
