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.
SpaceX shares fell below their IPO price of $135 for the first time, dropping to $132.28 before closing slightly above at $135.27. The stock is down about 16% from its June 12 closing price and 36% from its peak on June 16. The decline reflects inves...
SpaceX shares dropped below their initial public offering (IPO) price of $135 for the first time after falling for four consecutive sessions. The stock has been volatile since its historic IPO last month, which raised a record $86 billion and made El...
SpaceX's stock has fallen about 30% since its IPO, nearing its initial price of $135. The upcoming 13th test flight of Starship on July 16 is crucial as it will test key improvements after issues in the last flight, including booster stability and en...
YieldMax ETFs introduced the YieldMax SPCX Option Income Strategy ETF (YSPC), which aims to generate income through options-based strategies linked to Space Exploration Technologies Corp. (SpaceX). The fund does not invest directly in SpaceX but uses...
Last week, leveraged ETFs linked to Alibaba, Meta, Broadcom, and Nvidia delivered strong gains ranging from 17% to over 34%. Alibaba-focused ETFs led with over 34% returns, driven by positive earnings previews, AI revenue growth, and share buybacks. ...
