Scottish Mortgage Investment Trust rose about 3% to lead the FTSE 100 following SpaceX's historic Nasdaq IPO, which raised $75 billion and pushed SpaceX's market value above $2 trillion. SpaceX, the largest holding in the trust at 17.9%, saw its stock jump 19% on debut and another 20% the next day, significantly increasing the trust's net asset value. Scottish Mortgage's initial £151 million investment in SpaceX has grown nearly 19 times in value. However, the large concentration in SpaceX introduces volatility risk, with some analysts already rating the stock as overvalued due to its ambitious growth and capital spending plans.
Elon Musk's SpaceX recently went public, raising questions about a potential IPO for its Starlink subsidiary. Data from prediction market Kalshi shows only a 7-10% chance of a Starlink IPO announcement before mid-2027. Meanwhile, Musk predicts SpaceX...
SpaceX shares surged 11% following a record-breaking IPO last Friday, continuing their strong rise after a 20% gain on the first full trading day. CEO Elon Musk highlighted the company's growth potential, projecting approximately $1 trillion in reven...
Scottish Mortgage Investment Trust rose about 3% to lead the FTSE 100 after SpaceX's record $75 billion IPO on Nasdaq. SpaceX, the largest holding in the trust at 17.9%, surged 19% on debut and another 20% the next day, pushing its market value above...
SpaceX (SPCX) went public on June 12, opening at $150 and closing its first day at $161, a 19% gain from the $135 IPO price. The stock's near-term price action is driven by retail excitement and the Starship launch narrative, but key price catalysts ...
SpaceX's debut on Nasdaq saw over 522 million shares traded in one day, surpassing the combined trading volume of Apple, Microsoft, Tesla, Meta, and Google. The IPO raised $75 billion at $135 per share, marking the largest IPO ever and pushing SpaceX...
