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Wall Street's biggest stablecoin IPO, makes a sudden $4.4 billion move
TheStreet74d agoneutral
Wall Street's biggest stablecoin IPO, makes a sudden $4.4 billion move

Blockchain analytics firm Arkham flagged Circle's (NYSE: CRCL) largest USDC transaction ever. Circle is a financial technology company best known as the issuer of USDC, the world's second-largest stablecoin. A stablecoin is a cryptocurrency designed to hold a steady $1 value, backed by ...

SpaceX IPO Went Off Mostly Smoothly For Retail Brokerages
Barrons.com74d agoneutral
SpaceX IPO Went Off Mostly Smoothly For Retail Brokerages

Investors may not have gotten as many shares of SpaceX from brokerage firms as they would have liked. There were some technical issues at Robinhood, however. A spokeswoman for Charles Schwab said that "the process went as anticipated, with an unprecedented number of clients requesting shares and all eligible clients who completed the affirmation process receiving at least a portion of their requested order."

Lucid loses crucial EV exec after CEO shift
TheStreet74d agoneutral
Lucid loses crucial EV exec after CEO shift

Less than two weeks after Silvio Napoli took over as Lucid’s new chief executive officer, an experienced senior executive has departed in another leadership shake-up for the EV maker. Emad Dlala, Lucid’s senior vice president of engineering and software, has left the company just months after ...

Big Winners From the SpaceX IPO? The Bankers.
Barrons.com74d agoneutral
Big Winners From the SpaceX IPO? The Bankers.

SpaceX shares were at almost $173 in late trading on Friday, up 28% from the $135 IPO price and 15% from the $150 opening price. Things are on track for an orderly one-day post-IPO pop. A 10% to 30% pop for a large tech IPO is normal and shows that the deal was priced well and the market was ready to accept the terms offered.

Trump Turns to Wall Street Power Lawyer Clayton to Calm Pulte Uproar
Bloomberg74d agoneutral
Trump Turns to Wall Street Power Lawyer Clayton to Calm Pulte Uproar

(Bloomberg) -- In Donald Trump’s chaotic second term, Jay Clayton is emerging as one of the few people the president turns to when he’s in a pickle.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 Plans OverhaulClayton is set to go from W

Morgan Stanley resets staggering Chewy stock target
TheStreet74d agoneutral
Morgan Stanley resets staggering Chewy stock target

Chewy (CHWY) posted record profits, beat earnings expectations, and added nearly 200,000 net customers in its latest quarter. Then investors pushed the stock to its lowest level in over a year. The sell-off followed a revenue guidance cut. Chewy trimmed its organic full-year fiscal 2026 revenue ...

SpaceX IPO: Nasdaq is the home for 'the trillion dollar companies'
Yahoo Finance Video74d agoneutralVIDEO
SpaceX IPO: Nasdaq is the home for 'the trillion dollar companies'

Elon Musk's SpaceX (SPCX) began trading on the Nasdaq after its IPO on Friday, June 12. Nasdaq (NDAQ) President Nelson Griggs sits down with Yahoo Finance Executive Editor Brian Sozzi and Market Catalysts Host Julie Hyman to discuss the public debut, making SpaceX the second Elon Musk-run company to premiere on the Nasdaq.

SpaceX Raises Record $75 Billion in Historic IPO, Reaches $1.8 Trillion Valuation
24/7 Wall St.74d agoneutral
SpaceX Raises Record $75 Billion in Historic IPO, Reaches $1.8 Trillion Valuation

SpaceX just rewrote the IPO record book. The company sold more than 555 million shares at $135 each, raising $75 billion and landing a valuation of nearly $1.8 trillion. According to CNBC’s Melissa Lee, that places SpaceX as the seventh most valuable U.S. company, ahead of Tesla (NASDAQ:TSLA), and pushes Elon Musk to the edge ... SpaceX Raises Record $75 Billion in Historic IPO, Reaches $1.8 Trillion Valuation

Some Users Report Robinhood Outages
The Wall Street Journal74d agoneutral
Some Users Report Robinhood Outages

Some users reported issues with Robinhood’s platform in the half hour or so after shares of SpaceX started trading. Reports of problems with the app started climbing around 11:40 a.m. in New York and were still rising around noon, according to the website DownDetector.

Bloomberg74d agoneutral
Robinhood Clients Face Issues in Early Moments of SpaceX Trading

(Bloomberg) -- Robinhood Markets Inc. customers faced issues during the highly anticipated first minutes of SpaceX trading on Friday.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 MarketsRoughly 5,000 outages were reported as of 11:5

Goldman and Morgan Stanley to Pocket $100 Million Each In SpaceX IPO Fees
The Wall Street Journal74d agoneutral
Goldman and Morgan Stanley to Pocket $100 Million Each In SpaceX IPO Fees

The total fee pool for SpaceX's IPO is around $500 million, or 0.7% of the $75 billion raised, according to a filing and people familiar with the matter. Lead banks Goldman Sachs and Morgan Stanley will take home the lion’s share of that, getting a combined 40% or around $100 million apiece.

Brazil's Nubank says false message on liquidation resulted from operational error
Reuters74d agoneutral
Brazil's Nubank says false message on liquidation resulted from operational error

Brazilian digital lender Nubank said on Friday ‌it was aware of an ‌erroneous message sent to customers claiming the firm ​was liquidated by the country's central bank, adding the incident resulted from an "one-time operational error." In a statement, Nubank, which ‌is listed in ⁠New York under Nu Holdings, said the incident was under ⁠internal investigation, and did not affect clients' data protection. Earlier ​on Friday, dozens of ‌customers reported receiving a message from the lender, via app and e-mail, saying the firm had been liquidated by Brazil's central bank.

SpaceX, Anthropic, and OpenAI’s hot IPO summer
TechCrunch74d agoneutral
SpaceX, Anthropic, and OpenAI’s hot IPO summer

The IPO market is back, and it’s not the same companies leading the charge. FAANG had a good run, but a new acronym is taking over: MANGOS — Meta (or Microsoft, depending on who you ask), Anthropic, Nvidia, Google, OpenAI, and SpaceX. Half of that bunch is heading to public markets in the same window, and it’s a stress test for investors, for valuations, and for […]

Lessons the Nasdaq learned from the Facebook IPO for SpaceX's
Yahoo Finance Video74d agoneutralVIDEO
Lessons the Nasdaq learned from the Facebook IPO for SpaceX's

SpaceX (SPCX) is finally off to the races and publicly trading after its historic IPO on Friday, June 12. Nasdaq (NDAQ) President Nelson Griggs sits down with Market Catalysts Host Julie Hyman and Yahoo Finance Executive Editor Brian Sozzi to discuss the lessons his company has learned from Facebook's — now Meta Platforms (META) — own IPO in 2012.

Goldman Sachs doubles down on stock market outlook for 2026
TheStreet74d agoneutral
Goldman Sachs doubles down on stock market outlook for 2026

The S&P 500 has climbed to near-record highs despite growing concerns about valuations, AI spending, and signs of speculative behavior across parts of the market. The S&P 500 has rallied 8% year to date, after delivering double-digit gains in 2023, 2024, and 2025. Investors have recently ...

Traders Wear Green Shoes in Cheeky Nod to Green-Shoe Option
The Wall Street Journal74d agoneutral
Traders Wear Green Shoes in Cheeky Nod to Green-Shoe Option

Traders on the equities desks at Goldman Sachs and Morgan Stanley were wearing green shoes on Friday, a nod to the “green shoe” over-allotment option, according to people familiar with the matter. The idea came from Musk, one of the people said.

The road to SpaceX's juggernaut IPO
Reuters74d agoneutral
The road to SpaceX's juggernaut IPO

September 2008 - Falcon 1 launched successfully and becomes the first privately developed liquid-fuel rocket to reach Earth's orbit. December 2008 - SpaceX secures its first major contract ​with NASA to ferry cargo and supplies to the International Space Station. May 2012 - A Dragon capsule is taken to space by a Falcon 9 rocket, making it the first private spacecraft to dock at the ISS.

Buy, Hold, or Sell: Arm Holdings Shed 25% to Clear the Air as the Warsh Fed Digs In. Is It a Buy at $342?
24/7 Wall St.74d agoneutral
Buy, Hold, or Sell: Arm Holdings Shed 25% to Clear the Air as the Warsh Fed Digs In. Is It a Buy at $342?

At $342.23, Arm Holdings (NASDAQ:ARM) appears fairly valued, with a more attractive entry point sitting at or below $310 on any macro-driven technical consolidation. The stock has become the cleanest pure-play on agentic AI infrastructure, but the round trip from $100 to $428 and back to the mid-$300s in six months argues for patience over ... Buy, Hold, or Sell: Arm Holdings Shed 25% to Clear the Air as the Warsh Fed Digs In. Is It a Buy at $342?