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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.
The unconditional clearance removes the primary federal regulatory hurdle standing between the two media giants and what would be one of the largest media combinations in history. Politico's report was corroborated by Newsmax and Quiver Quantitative, each also citing people familiar with the matter, though an official DOJ press release had not been published as of this writing.
June 12 (Reuters) - The United States Justice Department said on Friday its antitrust division had completed a review of Paramount’s proposed acquisition of Warner Bros and determined it was not
As expected, the U.S. Justice Department gave its consent for the blockbuster merger expected to reshape Hollywood.
As expected, the U.S. Justice Department gave its consent for the blockbuster merger expected to reshape Hollywood
Persistent inflation could be sticking around for the summer. With Fourth of July Weekend just three weeks away, Wells Fargo Agri-Food Institute Group head Robin Wenzel outlines how food prices could impact Americans' summer cookout and backyard barbecue plans.
Yahoo Finance's Jared Blikre takes a look at the top stories for investors to watch this week, including SpaceX's (SPCX) first full day of trading as a public company, Federal Reserve Chair Kevin Warsh's first interest rate decision on Wednesday, and earnings reports from Accenture (ACN) and The Kroger Co. (KR).
The Justice Department has approved Paramount Skydance's $110 billion takeover of Warner Bros. Discovery, as expected.
(Bloomberg) -- SpaceX, which had already negotiated to pay razor-thin fees on its record initial public offering, somehow managed to get an even better deal out of its investment bankers. Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeWhy Musk Raced to Take SpaceX Public in the World’s Biggest IPOUS, Iran Edge Toward Interim Deal Signing Close to G7 Next WeekSpaceX Shares Close 19% Higher After Historic $75 Billion IPOXbox Plans Significant Layoffs as New CEO P
(Bloomberg) -- SpaceX, which had already negotiated to pay razor-thin fees on its record initial public offering, somehow managed to get an even better deal out of its investment bankers. Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeUS, Iran Edge Toward Interim Deal Signing Close to G7 Next WeekSpaceX Shares Close 19% Higher After Historic $75 Billion IPOWhy Musk Raced to Take SpaceX Public in the World’s Biggest IPOXbox Plans Significant Layoffs as New CEO P
(Bloomberg) -- In New York City, the heart of financial capitalism, there were plenty of signs of excitement about SpaceX’s IPO, which set off a feeding frenzy on Wall Street and turned Elon Musk into the world’s first trillionaire.Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeUS, Iran Edge Toward Interim Deal Signing Close to G7 Next WeekXbox Plans Significant Layoffs as New CEO Plans OverhaulSpaceX Shares Close 19% Higher After Historic $75 Billion IPOSpaceX
Meta CEO Mark Zuckerberg has said that the social media giant has made mistakes on its AI transformation, in an internal memo seen by Reuters. In the memo, Zuckerberg describes the rapid advances in AI and the challenges bought on by the boom in the technology, as well as how it has affected the company. "Given the complexity of these changes, we've made mistakes and will almost certainly make more," Zuckerberg said, adding that he is also "focused on providing as much stability as possible" going forward.
I keep hitting the buy button on SoFi Technologies (NASDAQ:SOFI), and the Fed-driven tech sell-off this month has only made my finger heavier. The stock sits at $16.67, down 36.33% year to date, while the QQQ has gained 16.74% over the same window. That gap is the opportunity. The market is pricing SoFi like a ... The Fed Just Triggered a Sharp Tech-Sector Sell-Off: Here Is the 1 Dirt-Cheap Financial Disruptor I’m Buying Hand Over Fist
SpaceX’s soaring shares, which brought the company’s market value to $2.1 trillion on Friday, was a stunning debut for the first of what could be three of the largest IPOs in history. AI giants Anthropic and OpenAI have filed paperwork in preparation for potential public listings and could IPO later this year. What does SpaceX say about investor appetite for AI?
(Bloomberg) -- The US Justice Department has closed its antitrust probe into Paramount Skydance Corp.’s $110 billion purchase of Warner Bros. Discovery Inc., according to people familiar with the decision.Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeUS, Iran Edge Toward Interim Deal Signing Close to G7 Next WeekXbox Plans Significant Layoffs as New CEO Plans OverhaulSpaceX Shares Close 19% Higher After Historic $75 Billion IPOTrump Insists Iran Deal Is Close
The historic moment on June 12, 2026, when SpaceX officially began trading on the Nasdaq under the ticker SPCX after completing a record-setting $75 billion initial public offering. Analysts discuss the controlled nature of the IPO, its massive financial impact on Elon Musk and company employees, and what future milestones investors should look out for next.
The Standard & Poor's 500 index rose 0.7% this week as the US edged closer to signing a peace deal w
(Bloomberg) -- Oil fell to the lowest since the early days of the Iran war on signs that flows through the Strait of Hormuz are rising and on progress toward an interim peace deal.Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeUS, Iran Edge Toward Interim Deal Signing Close to G7 Next WeekXbox Plans Significant Layoffs as New CEO Plans OverhaulTrump Insists Iran Deal Is Close After Scrapping New StrikesSpaceX Shares Indicated More Than 35% Higher on Gray Market
SpaceX closed 19% higher, giving it a market cap around $2.1 trillion. That makes it the sixth most valuable U.S. listed company. At that lofty market cap, SpaceX makes up roughly 3% of the entire $75.
The Dow added 0.7%, and the Nasdaq composite gained 0.3%. The Nasdaq composite rose 79.18 points, or 0.3%, to 25,888.84. The Russell 2000 index of smaller companies rose 22.96 points, or 0.8% to 2,943.99.
Citizens’ JMP Devin Ryan, Head of Financial Technology Research, argued on CNBC’s Squawk Box on June 12 that the real story of the SpaceX listing is the message it sends to every other private company sitting on the sidelines. “It’s good to be an investment banker, largest deal ever,” Ryan said, before pivoting to the ... Wall Street Analyst: SpaceX IPO Could Unleash Billions in New Public Offerings
StockBrokers.com director of investor research Jessica Inskip chats with Yahoo Finance Markets and Data Editor Jared Blikre about SpaceX's (SPCX) initial public offering (IPO), highlighting how options trading will add a "third dimension" to trading.
US stocks (^DJI, ^IXIC, ^GSPC) inch higher to end Friday's session and the trading week with slight gains, as SpaceX (SPCX) closes its first day of trading 19.22% higher at a share price of $160.95. From the Nasdaq, Yahoo Finance Senior Reporter Brooke DiPalma breaks down the post-IPO performance Elon Musk's space company.
The pressure is on the company—and newly minted trillionaire Elon Musk—to deliver.
Markets eased into the weekend with modest gains, as the SpaceX IPO made Elon Musk a trillionaire and Middle East peace seemed near.
The stock market ended another turbulent week on a high note amid all the buzz of SpaceX’s initial public offering. The Dow Jones Industrial Average rose 353 points, or 0.7%. The S&P 500 gained 0.5%. The Nasdaq rose 0.
The earnings revisions trend for full-year 2026 has been positive for quite some time now, with estimates for 11 of the 16 Zacks sectors increasing since the start of March. Energy, Basic Materials, and Technology have been the biggest beneficiaries.
Managers believe the weekend is the perfect time to solicit feedback. A new study explains why it isn’t.
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