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The SpaceX initial public offering was expected to deliver exciting twists and turns, fireworks, and flare-ups—the kind of drama usually reserved for a summer thriller. The public debut of SpaceX—officially Space Exploration Technologies — portended different things to different investors but was significant for all. To others, it represented a gateway to an artificial intelligence-fueled utopia, in which SpaceX is worth trillions.
Shares of aerospace and defense company Rocket Lab (NASDAQ:RKLB) fell 6.2% in the morning session after the company's upcoming inclusion in the Nasdaq-100 Index prompted a pre-market rally and subsequent profit-taking.
Shares of satellite communications company EchoStar (NASDAQGS:SATS) fell 7% in the morning session after investors reacted to the historic initial public offering (IPO) of SpaceX.
SpaceX was a seminal event for the stock market. The hype was palpable and created a halo effect, helping lift shares of other space-related companies. What goes up must come down, though. Investors used the SpaceX IPO as an opportunity to take profits in several space names.
The S&P 500 Index ($SPX ) (SPY ) on Friday rose +0.50%, the Dow Jones Industrial Average ($DOWI ) (DIA ) rose +0.70%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) rose +0.64%. June E-mini S&P futures (ESM26 ) rose +0.65%, and June E-mini Nasdaq futures (NQM26 ) rose...
Yahoo Finance Senior Reporter Brooke DiPalma joins Market Domination to tackle today's top trending tickers, including the momentum driving SpaceX (SPCX) shares in Friday's session after the company's IPO, the impact it is having on other space stocks Virgin Galactic (SPCE) and Rocket Lab (RKLB), and how semiconductor stocks such as Micron Technology (MU) and Nvidia (NVDA) are moving on the historic public offering.
CNBC Wealth Editor correspondent Robert Frank delivered a milestone moment on air this morning, saying: “By the end of today, Elon Musk will likely become the world’s first trillionaire.” This comes as the result of the long-awaited SpaceX IPO, which is poised to revalue Musk’s privately held stake at public-market multiples and push his net ... Wealth Expert: SpaceX IPO Will Likely Make Elon Musk the World’s First Trillionaire
Shares of Virgin Galactic (NYSE:SPCE) are down 24% in early Friday trading, while Rocket Lab (NASDAQ:RKLB) stock is down 8% and AST SpaceMobile (NASDAQ:ASTS) stock is trading 10% lower. These price moves arrive on the same morning that privately held SpaceX is making its long-awaited trading debut. The selloff is jarring given the surrounding hype. ... Virgin Galactic Craters 24%, Rocket Lab Drops 8%, AST SpaceMobile Falls 10% as SpaceX Hype Triggers a Space-Stock Shakeout
It promises to be a wild day on Friday with the start of trading for SpaceX, following its record-setting IPO, which priced shares at $135 on Thursday. SpaceX essentially created the space economy by pioneering reusable rockets and building Starlink, its space-based broadband product. Shares of launch-services provider Rocket Lab were down 9% in early trading.
SpaceX (SPCX) hits public markets today at a touted $1.75 trillion valuation, and for the first time, investors have to choose between two of Musk's biggest bets - SpaceX and Tesla (TSLA) - rather than just one.
Private capital is pouring into AI data center buildout, Adobe can’t shake software fears, this vacation destination is getting cheaper, and more news to start your day.
🔎 SpaceX (SPCX): Elon Musk’s rocket company will make its stock-market debut later today. ↗️ Virgin Galactic (SPCE), AST SpaceMobile (ASTS), Rocket Lab (RKLB): Stocks tied to the space industry are jumping premarket.
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