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SpaceX on cusp of record IPO that could make Musk a trillionaire
AFP67d agoneutral
SpaceX on cusp of record IPO that could make Musk a trillionaire

SpaceX enters the final stretch Thursday before its expected trading on Wall Street as part of the biggest initial public offering in history, which could propel co-founder Elon Musk to trillionaire status.If all goes as expected, the space and rocket company co-founded by Musk in 2002 will begin trading on the Nasdaq exchange on Friday morning, with all eyes on how Wall Street will absorb the blockbuster IPO that could send tremors across global markets.

What the SpaceX IPO Means for This Texas Border Town
WSJ67d agoneutralVIDEO
What the SpaceX IPO Means for This Texas Border Town

WSJ's Micah Maidenburg visits Brownsville, Texas, the city next to Starbase — an incorporated village that Elon Musk created to house SpaceX employees — ahead of SpaceX's massive IPO. The IPO is expected to create a new slew of new millionaires in the area. The Journal spoke to business owners, politicians and residents to find out how they are preparing.

SpaceX Proxy EchoStar Sees Its Stock Drop. It Could Be a Bad Omen for SpaceX IPO.
Barrons.com67d agobearish
SpaceX Proxy EchoStar Sees Its Stock Drop. It Could Be a Bad Omen for SpaceX IPO.

EchoStar stock has been struggling lately and it could bode ill for the coming SpaceX initial public offering on Thursday. SpaceX is one the best proxies for SpaceX because the satellite company reached a deal last year to sell spectrum to SpaceX in return for about 2% of SpaceX stock—some 262 million shares. EchoStar stock has nearly doubled since the first of two spectrum deals was reached with SpaceX in September.

Tech rotation deepens as investors prep for big IPOs, says expert
Reuters Videos67d agoneutralVIDEO
Tech rotation deepens as investors prep for big IPOs, says expert

<body><p>STORY: "Investors appear to be making some room in the portfolio," said Adams.</p><p>"There is big issuance coming around the corner and, certainly, it does look like investors are saying, 'I'd like to have a piece of this issuance,' not only of SpaceX but maybe Open AI and Anthropic as they come to market later this summer," she added.</p><p>She also points to gains in healthcare, consumer stocks and industrials as investors rotate into sectors that lagged in April and May.</p></body>

OpenAI vs. Anthropic IPO: What sets these AI companies apart
Yahoo Finance Video67d agoneutralVIDEO
OpenAI vs. Anthropic IPO: What sets these AI companies apart

OpenAI (OPAI.PVT) is the latest private AI company to file for a mega-IPO, putting its public launch in direct competition with Anthropic's this fall. OpenVC founder and CEO David Shapiro compares the two pre-IPO companies. SpaceX (SPAX.PVT) is expected to go public on the Nasdaq this Friday, June 12, under the ticker SPCX, with the space operator aiming for an IPO price of $135 per share.