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Tesla Investors Beware? SpaceX IPO Could Pull Cash, Attention And Musk Away From EV Giant
Benzinga87d agoneutral
Tesla Investors Beware? SpaceX IPO Could Pull Cash, Attention And Musk Away From EV Giant

Elon Musk-led commercial spaceflight giant SpaceX‘s IPO could become a problem for Tesla Inc. (NASDAQ:TSLA) investors and shareholders as the market readies itself for the June IPO date. Muskonomy The upcoming IPO could take investors’ appetite away from Tesla and onto SpaceX, while also shifting Musk’s efforts and focus from the EV giant, experts cited by Bloomberg on Thursday said. “This cannot be a positive for Tesla,” Joe Gilbert, a portfolio manager at Integrity Asset Management, cited in t

IPO Mania: SpaceX On Deck
Zacks88d agoneutral
IPO Mania: SpaceX On Deck

SpaceX will be the talk of the town for weeks to come, with its IPO reflecting the largest in history.

Estee Lauder Stock Jumps After Merger Talks With Spain’s Puig End
The Wall Street Journal88d agobullish
Estee Lauder Stock Jumps After Merger Talks With Spain’s Puig End

Estee Lauder shares jumped more than 11% after hours on news that talks for it to acquire the Spanish beauty group Puig have been terminated. Lauder, whose brands include Clinique, M.A.C and Bobbi Brown Cosmetics, said Thursday that it instead remains focused on its turnaround efforts.

Trading Day: IPO, IPO, it's off to work we go
Reuters88d agoneutral
Trading Day: IPO, IPO, it's off to work we go

By Jamie McGeever ORLANDO, Florida, May 21 (Reuters) - U.S. stocks ended a choppy session on Thursday in the green, lifted by optimism that a U.S.-Iran peace deal is close at hand, while investors

SpaceX Plans Its ‘Money Product’ and Other Banking Takeaways From IPO Filing
Barrons.com88d agoneutral
SpaceX Plans Its ‘Money Product’ and Other Banking Takeaways From IPO Filing

The details that Elon Musk’s SpaceX outlined about its initial public offering this week showcase the rocket company’s ties across Wall Street, and its own ambitions in the financial sector. SpaceX owns xAI, Musk’s artificial-intelligence start-up, which in turn owns X, formerly known as Twitter. It may expand into other financial offerings, SpaceX wrote in the filing.

RKLB- A Better Way to Play the SpaceX IPO
MoneyShow88d agoneutral
RKLB- A Better Way to Play the SpaceX IPO

The global space economy is already worth more than $600 billion. While SpaceX may win the headlines, the better returns could come from the companies building the ecosystem around it, like Rocket Lab Corp. (RKLB), writes Nicholas Vardy, editor of Microcap Moonshots.

SpaceX unveils $1.29B bitcoin stash in high-valuation IPO filing
Yahoo Finance Video88d agoneutralVIDEO
SpaceX unveils $1.29B bitcoin stash in high-valuation IPO filing

Scott Melker discusses SpaceX’s (SPAX.PVT) confirmed June 12 Nasdaq (^IXIC) IPO debut and the company’s disclosure of a substantial bitcoin holding in its filing. “The Daily Wolf with Scott Melker” airs on Yahoo Finance every day at 12:00 p.m. Tune in for your daily dose of all things crypto.Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.

SpaceX Is Quietly Trading at a Price That Would Make It 23x Bigger Than Facebook’s IPO
24/7 Wall St.88d agoneutral
SpaceX Is Quietly Trading at a Price That Would Make It 23x Bigger Than Facebook’s IPO

Somewhere between a thought experiment and a margin call, SpaceX has a price. On Hyperliquid, a decentralized derivatives venue, a synthetic contract called SPCX-USD recently changed hands around $203. Plug that price into the company’s share count and the implied valuation lands at roughly $2.4 trillion. At that level, a SpaceX initial public offering would ... SpaceX Is Quietly Trading at a Price That Would Make It 23x Bigger Than Facebook’s IPO