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University Endowments Are About to Strike It Big on the SpaceX IPO
The Wall Street Journal69d agoneutral
University Endowments Are About to Strike It Big on the SpaceX IPO

SpaceX is among the most widely held investments across colleges and universities, endowment executives say, likely making the rocket company’s coming IPO one of the great windfalls for American endowments. Many schools’ investments in SpaceX make up a low-single-digits percentage of their endowments. A handful of schools have outsize positions that make up a tenth or more of their endowments, unusual scenarios for institutions that typically aim to have well-diversified investment portfolios.

Investing.com69d agoneutral
OpenAI files confidentially for IPO amid tightening AI race

Investing.com -- OpenAI has confidentially submitted a draft S-1 filing to the Securities and Exchange Commission, setting up what could be one of the largest public listings in the tech sector. The company stated it chose to announce the move proactively because it expected the confidential regulatory submission to leak. Management noted that a definitive timeline for the initial public offering has not been established, warning that the process may take a while. The company indicated it still

Exclusive: Cathie Wood's Ark Invest reveals the cost of mega IPOs
TheStreet69d agoneutral
Exclusive: Cathie Wood's Ark Invest reveals the cost of mega IPOs

Wall Street is bracing for a wave of blockbuster listings. SpaceX announced in May that it would debut on Nasdaq on June 12 in what could be the largest IPO in history, with an estimated $1.75 trillion valuation. A few days later, Anthropic, the AI lab behind Claude.AI, also announced ...

OpenAI files for IPO
CNN Business69d agoneutral
OpenAI files for IPO

OpenAI has confidentially filed for an initial public offering, setting it up for what may be the most highly anticipated market debut in recent history and a massive payday for early investors.

Fidelity cuts minimum for SpaceX IPO investors
Yahoo Finance Video69d agobearishVIDEO
Fidelity cuts minimum for SpaceX IPO investors

Yahoo Finance Senior Columnist Kerry Hannon joins Josh Lipton on Market to discuss Fidelity's (FNF) decision to lower its account minimum for the SpaceX (SPCX) IPO set for Friday, June 12.

Traders are pricing SpaceX 70% higher before its June 12 IPO
TheStreet69d agoneutral
Traders are pricing SpaceX 70% higher before its June 12 IPO

SpaceX won't ring the bell on Nasdaq until June 12, but crypto traders have already started betting on it. On Hyperliquid (HYPE), a synthetic contract by SPCX-USDC has started tracking the rocket maker's valuation. Hyperliquid is a decentralized crypto exchange built for perpetual ...