Tom Sosnoff, CEO of LossDog, predicts SpaceX (SPCX) stock will fall below its IPO price of $135 within 60 days, despite initial gains. He sold his shares early at $158, citing unsustainable market conditions and extreme volatility in options pricing. Sosnoff remains bearish on SpaceX long-term but notes that passive index funds will soon be forced to include the stock, potentially causing market tension. After its IPO, SPCX shares recently declined nearly 5%, marking the first drop since listing.
Recent analysis highlights that the S&P 500 index often excludes many of the largest U.S. companies due to its current inclusion criteria, such as requiring positive recent earnings. Researchers propose alternative methods like using average market c...
SpaceX has appointed Roelof Botha, a longtime ally of Elon Musk and former PayPal colleague, to its board as an independent director and audit committee member. Botha, who has been with venture capital firm Sequoia since 2003 and is now an adviser, j...
Jordi Visser of 22V Research argues that building data centers in space may be more cost-effective than on land due to high terrestrial costs for power, cooling, and land. SpaceX plans orbital data centers costing $5 billion versus $60 billion for a ...
On June 16, retail investors heavily bought SpaceX shares during its IPO debut, marking the largest retail net buying day for any recent IPO, while selling other stocks including major tech names like NVIDIA and Microsoft. SpaceX's market cap surged ...
SpaceX debuted on the public market with a strong price jump, pushing Elon Musk's net worth past $1 trillion. Experts on the Prof G Markets podcast argue the IPO was engineered to create scarcity, with only 5% of shares issued and $3.75 billion reser...
