SpaceX shares jumped about 10% for the third consecutive day, pushing its market value past Amazon's $2.66 trillion and briefly exceeding Microsoft's $2.93 trillion. This surge followed SpaceX's record IPO that valued the company above $2 trillion and made Elon Musk the world's first trillionaire. The rally was fueled by SpaceX's announcement of a $60 billion acquisition of AI coding startup Anysphere, expected to close in Q3 2026, signaling continued heavy investment in AI despite concerns over high spending and profitability. SpaceX aims to expand its AI capabilities through this deal, while Musk projects the company could reach $1 trillion in revenue by 2030.
SpaceX's stock surged following its IPO debut on Nasdaq, rising about 35% since it began trading last week. On Tuesday, shares climbed as much as 15%, pushing SpaceX's market capitalization beyond Amazon's $2.66 trillion and briefly above Microsoft's...
Choose Chicago partners with Amazon for Prime Day Travel Deals from June 23-26, offering 20% discounts on Chicago hotels through Expedia bookings. The promotion highlights Chicago as a top travel destination amid major city events like the Obama Pres...
Pacer Financial's new ETF, QDPL, delivers an 8.78% year-to-date return and a 5.04% dividend yield, which is over four times the yield of the popular Vanguard S&P 500 ETF (VOO). QDPL achieves this by combining S&P 500 exposure with dividend futures th...
The Vanguard Growth ETF (VUG) dropped 4.5% over five days, reflecting volatility in megacap tech stocks like NVIDIA and Apple, which make up nearly half its assets. The fund trails the S&P 500 year-to-date but has outperformed over five years. Key fa...
Howard Marks of Oaktree Capital cautions that many AI-related stocks are more speculative than investors realize, as their valuations rely on uncertain future profits rather than predictable cash flows. He highlights that while large tech companies l...
