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.
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All IPOs come with surprises.
SpaceX opened 11% above its IPO price as demand exceeded $350 billion.
SpaceX's $150 debut valued the company near $2 trillion, pushing Musk's fortune to almost $1.05 trillion.
SpaceX options begin trading Tuesday after shares opened at $150, above the $135 IPO price.
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.
Cathie Wood, ARK Invest detail SpaceX thesis after buying 3.3 million shares. Rocket Lab, Firefly Aerospace shares receive upgrade.
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 ...
By Sabrina Valle and Echo Wang NEW YORK, June 15 (Reuters) - Individual investors in the SpaceX IPO hoping to quickly sell their shares for a profit face stricter conditions than large funds over the
Investing.com -- KeyBanc Capital Markets upgraded two space stocks to Overweight from Sector Weight in a note on Monday, arguing that recent sector-wide volatility tied to SpaceX's record-setting IPO has created compelling entry points across commercial space names.
Gina Rinehart, Australia’s richest person, has bought a more-than $1 billion stake in SpaceX, betting on founder Elon Musk and what she says is the potential for his rocket maker to shape industries for decades.
A preliminary peace agreement between the United States and Iran has emerged as the dominant market story at the start of the week, with investors assessing the implications for energy markets, inflation and central bank policy. Attention is also focused on a series of interest-rate decisions from major central banks, the post-IPO performance of SpaceX (NASDAQ:SPCX), and developments surrounding AI company Anthropic (NASDAQ:ANTP).
The SpaceX IPO went off with a bang. Now investors turn their attention to a jam-packed calendar ahead for Elon Musk's rocket, internet and AI firm that may bring volatility. Just in the next two months, the sixth-largest U.S. listed company by market value will have a handful of events – ranging from the listing of options to the expiration of investor holding periods to index inclusion – that could help dictate trading in its shares and the broader market.

What to watch from SpaceX and other tech stocks during the holiday-shortened week.
Investing.com -- SpaceX (NASDAQ:SPCX) shares extended gains in premarket trading Monday after surging 19% on their Nasdaq debut Friday, when the rocket and satellite company completed the biggest initial public offering (IPO) in history and closed with a market capitalisation of roughly $2.1 trillion.
Elon Musk said on Sunday that his rocket company, SpaceX, could bring in $1 trillion in revenue by 2030, making the statement two days after the company went public, valuing it at over $2 trillion. "And I would be surprised if revenue is not greater than $1T in 2031," he wrote on his social media platform X, replying to journalist and financial commentator Jon Erlichman. SpaceX on Friday became the sixth-largest U.S. firm, cementing Musk's status as the world's first trillionaire.
Gina Rinehart, Australia’s richest person, has bought a more-than $1 billion stake in SpaceX betting on founder Elon Musk and what she says is the potential for his rocket maker to shape industries for decades. The stake in SpaceX, which last week pulled off the largest initial public offering ever, is the single largest investment outside of iron ore made by her closely held company, Hancock Prospecting, one of the world’s major exporters of the steelmaking commodity. The investment reflects Hancock’s confidence in Musk and recognizes the need for the West to keep investing in technology and innovation, Rinehart said in emailed remarks on Monday.
(Bloomberg) -- South Korea’s financial watchdog has expanded an inspection of Mirae Asset Securities Co. to examine the brokerage’s failure to secure an allocation of SpaceX shares in the company’s initial public offering, according to people familiar with the matter.Most Read from BloombergIran Signals No Deal Will Be Signed by Trump’s Sunday TimelineIran’s Deputy Foreign Minister Confirms Deal Reached With USUS and Iran Agree to Halt War, Restart Middle East Oil ShipmentsWhy Musk Raced to Take
Tesla bull Brad Ferguson’s valuation includes $957 from Robotaxi and $2,647 from Optimus.
The biggest stock market debut in history is two days old, and the woman who has run SpaceX’s operations for more than two decades wants you to know where to look. SpaceX (SPCX) closed its first session at $160.95 on June 12, a 19% jump from its $135 offer price, according to CNBC. That pushed its ...
Two-ton satellites, laser communications, in-space mobility ships and more draw attention and new funding.
The largest IPO in history has collided with hundreds of billions of dollars in AI spending. Are we in a bubble?
The Ark Venture Fund was an early investor in the space giant.
SpaceX paid 0.7% in IPO fees, yet Goldman Sachs and Morgan Stanley each banked $100 million on the deal.
SpaceX’s (SPCX) historic IPO kicked off with a valuation few companies ever touch. Consequently, it also left investors wondering how much upside is left, or whether profit-taking is about to begin. SpaceX's stock, priced at $135, raised $75 billion, opening a brand new chapter for Elon Musk’s ...
Tesla Inc. CEO Elon Musk is on the verge of becoming the world’s first trillionaire as his space venture SpaceX’s blockbuster initial public offering pushed his estimated fortune to within $29 billion of the historic milestone. SpaceX IPO Drives Musk’s...
Investing.com -- Wolfe Research analysts have initiated coverage on SpaceX stock (NASDAQ: SPCX) with a price target of $175, even as the company’s stock began trading on Friday following the world’s largest ever IPO. While the stock already closed 19% higher at nearly $161, Wolfe’s price target is even higher as the firm believes that the company’s breaking of the cost curve supports an “out-of-this-world” near-term valuation.
The SpaceX IPO is the first in a string of AI public-market debuts that could deliver new riches to startup employees to donate to charity.