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SpaceX Raised $85.7 Billion After Underwriter ‘Green-Shoe Option’
The Wall Street Journal65d agoneutral
SpaceX Raised $85.7 Billion After Underwriter ‘Green-Shoe Option’

SpaceX raised $85.7 billion in its IPO, the company said in a press release Monday. That’s up from the $75 billion that SpaceX initially sold in its public offering on Friday. The additional proceeds come from underwriters exercising their so-called “green-shoe option,” an overallotment of 83.

Oil plunges, stocks jump on US-Iran peace deal
AFP65d agobearish
Oil plunges, stocks jump on US-Iran peace deal

Oil prices dropped towards $80 a barrel and stocks rallied on Monday after Washington and Iran reached a deal to end the Middle East war and reopen the Strait of Hormuz, sending a wave of relief through global markets.The strait, through which roughly 20 percent of the world's crude oil supply normally transits, was effectively closed by Tehran after the US and Israeli strikes on Iran in late February, sending energy prices soaring.

Musk’s SpaceX $1 Trillion Revenue Goal
24/7 Wall St.65d agoneutral
Musk’s SpaceX $1 Trillion Revenue Goal

Elon Musk thinks SpaceX (NASDAQ: SPCX) will have $1 trillion in revenue in 2031. Its revenue last year was just shy of $19 billion. According to CNBC, Goldman Sachs forecasts $470 in 2030. Morgan Stanley’s forecast is $330 billion. In other words, Musk has an immensely large target based on mainstream expectations. What is not ... Musk’s SpaceX $1 Trillion Revenue Goal

SpaceX stock gains: What its IPO signals about its future success
Yahoo Finance Video65d agoneutralVIDEO
SpaceX stock gains: What its IPO signals about its future success

SpaceX stock (SPCX) continues rising in Monday's pre-market trading (maintaining gains at the session open at the time of this video's posting) ahead of the space company's first full day of trading since its historic IPO last Friday. Morning Brief Host Julie Hyman and Barron's Investor Circle Newsletter editor Josh Schafer examine SpaceX's performance thus far and what it may signal about the success of the company in its future lifetime.

Sequoia’s Sean Maguire Compares SpaceX to ‘Nvidia Three Years Ago’ and Plans to Hold Forever
24/7 Wall St.65d agoneutral
Sequoia’s Sean Maguire Compares SpaceX to ‘Nvidia Three Years Ago’ and Plans to Hold Forever

Sequoia Capital partner Shaun Maguire went on CNBC last week and said SpaceX (NASDAQ:SPCX), freshly trading, looks to him “more like Nvidia three years ago” than Tesla (NASDAQ:TSLA). He also said he plans to hold his shares “forever.” Sequoia is a longtime SpaceX backer, so the incentive to talk his book is obvious. Still, the comparison is ... Sequoia’s Sean Maguire Compares SpaceX to ‘Nvidia Three Years Ago’ and Plans to Hold Forever

Here Are Monday’s Best Wall Street Analyst Research Calls: Accenture, Caesars Entertainment, Datadog, Dupont, Epam Systems, Ferrari, Paychex, Rocket Lab, TeraWulf, and More
24/7 Wall St.65d agoneutral
Here Are Monday’s Best Wall Street Analyst Research Calls: Accenture, Caesars Entertainment, Datadog, Dupont, Epam Systems, Ferrari, Paychex, Rocket Lab, TeraWulf, and More

Pre-Market Stock Futures: Futures are exploding higher on news of a peace deal with Iran expected to be signed this Friday. This follows a historic Friday that saw the coming-out party of Space Exploration Technologies (NASDAQ: SPCX), widely known as Elon Musk’s SpaceX. The record-breaking size of the offering, raising $75 billion, the company’s debut ... Here Are Monday’s Best Wall Street Analyst Research Calls: Accenture, Caesars Entertainment, Datadog, Dupont, Epam Systems, Ferrari, Paychex,

SpaceX IPO reminds investors where real fortunes start
TheStreet65d agoneutral
SpaceX IPO reminds investors where real fortunes start

The first mistake investors can make with SpaceX is thinking the payday happened all at once. It didn't. SpaceX’s initial public offering gave retail investors a rare chance to invest in Elon Musk’s rocket, satellite and artificial intelligence enterprise. But for the company’s first believers, the ...

How SpaceX's float could lift the tide for European space tech
Pitchbook65d agoneutral
How SpaceX's float could lift the tide for European space tech

Timothy A. Clary/Getty Images European space tech startups have raised more than €2 billion (about $2.3 billion) in VC funding this year, almost double last year’s total, and SpaceX‘s IPO could help pour more fuel on that fire. Last week, SpaceX made its Nasdaq debut, closing out its first day of trading at a market cap of over $2 trillion and becoming the sixth-largest public company in the US. More than just a record-breaking IPO, the listing is expected to lead to a significant increase in VC