SpaceX's stock fell about 16% over three days after announcing its first investment-grade bond sale shortly after a recent equity raise. The selloff was driven by mechanical factors related to index fund rebalancing and short-term trading in leveraged ETFs and options, rather than fundamental concerns about SpaceX's business. The volatility impacted broader Asian markets due to tech sector exposure. Longer-term investors are advised to wait for upcoming earnings in mid-August to assess the company's outlook. The bond proceeds and recent acquisition of xAI add complexity to SpaceX's financial picture, influencing global tech market sentiment.
SpaceX's stock price climbed 4% to $139, surpassing its IPO value, driven by JPMorgan's reaffirmed 'Overweight' rating and $240 price target. The bank highlights SpaceX's expanding AI ambitions, especially after acquiring Cursor, which brings $4 bill...
EchoStar sold over $40 billion in spectrum, including to SpaceX, improving its liquidity but leaving its subsidiary Hughes Satellite Systems bankrupt with $1.5 billion in debt. Creditors allege EchoStar stripped assets from Hughes through above-marke...
Space Exploration Technologies Corp. (SpaceX) reached a $1.80 trillion market cap after its historic IPO and is advancing its Starship rocket for Starlink launches, moving away from Falcon 9. The company plans a $100 billion investment to build a new...
SpaceX announced a $100 billion investment in a new Starbase launch complex in Louisiana, aiming to start construction in 2027 and first launch in 2029. This massive spending dwarfs SpaceX's current annual space revenue by 23 times, reflecting a high...
Target's shares fell nearly 4% after it withdrew a Halloween costume criticized for racial insensitivity, highlighting the risks in its consumer-focused strategy. SpaceX announced plans to build a $100 billion Starship launch and production complex i...
