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Cathie Wood predicts 'voracious' appetite for 'volatile' SpaceX IPO
TheStreet98d agoneutral
Cathie Wood predicts 'voracious' appetite for 'volatile' SpaceX IPO

Veteran investor Cathie Wood is enthusiastic about tech tycoon Elon Musk's SpaceX making Wall Street debut, and is extremely bullish about its demand. In a Bloomberg podcast published on May 6, she said seeds planted two decades ago are now flourishing. A lot of technologies at Musk's companies are ...

Elon Musk ’Dissolved’ xAI. What It Means for the SpaceX IPO.
Barrons.com100d agoneutral
Elon Musk ’Dissolved’ xAI. What It Means for the SpaceX IPO.

Elon Musk is dissolving his artificial-intelligence company, xAI. Now, SpaceX is the entity that will vie for AI supremacy with OpenAI, Anthropic, and Alphabet The company is getting its ducks in a row ahead of an IPO that is expected to be the biggest ever, raising as much as $75 billion and valuing the company at up to $2 trillion. Wednesday afternoon, Musk tweeted “xAI will be dissolved as a separate company, so it will just be SpaceXAI, the AI products from SpaceX.”

ARKX Faces a Concentration Crisis as SpaceX IPO Looms Over Space ETF Holdings
24/7 Wall St.103d agoneutral
ARKX Faces a Concentration Crisis as SpaceX IPO Looms Over Space ETF Holdings

ARK Space Exploration & Innovation ETF (NYSEARCA:ARKX) has rewarded patient holders lately, with shares near $33 after a 74% one-year run and a 13% year-to-date gain. That kind of move tends to bury the risk conversation. It shouldn’t. ARKX is an actively managed, non-diversified thematic equity ETF that launched in March 2021. Its mandate covers ... ARKX Faces a Concentration Crisis as SpaceX IPO Looms Over Space ETF Holdings