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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

Adobe stock sinks as CFO Dan Durn announces a sudden departure. Wall Street analysts are downgrading ADBE shares today.

Dominion Energy Inc. (NYSE:D) is one of the 10 Best Energy Stocks Capitalizing on the Data Center Boom. Based on 18 analyst ratings compiled by CNN, 83% assigned a Hold rating to Dominion Energy, while 11% assigned a Buy rating. The stock has an average price target of $68, a 2.64% upside from the current […]

(Bloomberg) -- SpaceX decided to rent out the full capacity of its Colossus 1 data center in Memphis to Anthropic PBC after encountering technical challenges using the facility to develop and run its Grok artificial intelligence models, according to people familiar with the matter. 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 Ir

The official trading debut of SpaceX stock has triggered a dramatic unwinding of proxy trades that investors had been using to gain indirect exposure to the space giant.

Investing.com -- Investors have had to assess a mix of earnings disappointments, capital raises, and shifting fortunes, with the week headlined by SpaceX's high-profile public market debut.

Microsoft is considering options for its Xbox gaming unit, including a potential spinoff or restructuring as ‌a wholly owned subsidiary, the Information reported on Friday, ‌citing three people with direct knowledge of the discussions. The Windows maker is also weighing ​options such as creating a joint venture with other partners as it prepares to overhaul the unit, which could make the gaming business easier to sell, the report said. Xbox has struggled in recent years ‌as Microsoft's bet on ⁠subscriptions and cloud gaming failed to offset declining console sales and a shortage of blockbuster titles.

IPOs have a history of disappointing early investors.

It’s fitting that the largest IPO ever debuted on a day that Wall Street was back chasing momentum stocks. The S&P 500 was up 0.5%. The Nasdaq was up 0.4%. The Dow was up 384 points, or 0.8%. SpaceX stock was up 27% to $170.

(Bloomberg) -- Shipowners are watching warily for a peace deal between the US and Iran and what it would mean for the Strait of Hormuz, with some tanker owners expressing caution, while others were already predicting a frantic free-for-all if the waterway opens in earnest. 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 I

WaterBridge stock surged Friday, reclaiming its latest buy point and hitting new highs. That makes it the IPO Stock Of The Week.

Costco Wholesale (NasdaqGS:COST) has issued a recall of Lactantia UltraPur Milk due to a food safety risk. The company is also seeking dismissal of a lawsuit that challenges advertising claims related to its rotisserie chicken. Both developments focus attention on Costco's product quality controls, consumer protections, and marketing practices. For a warehouse club retailer like Costco, where members often buy food in bulk, any recall tied to a food safety issue goes straight to the heart...

On June 11, Intel (INTC) received a Wall Street revamp that could flip the script on its stock performance, according to a research note shared with me at TheStreet. Investors had been bracing for more skepticism around Intel’s turnaround. The company still faces fierce pressure from Nvidia, ...

The company’s CEO Daniel Heaf says he wants to improve products, hire more influencers, update stores and revamp digital sales.

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 ...

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."

The march of trillicorn initial public offerings doesn’t portend doom for investors. But it’s worth keeping an eye on just the same.

AERT's fiscal 2026 EPS benefits on the back of rising demand for AI-enabled GCC services, expanding client engagements and improving operating leverage despite revenue pressure from customer non-renewals.

AstroNova reports earnings per share in Q1 as Aerospace unit sales surge, margins expand, and backlog climbs, while the Product ID segment improves earnings despite slightly lower revenues.

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 ...

Goldman Sees Limited Upside for Micron Despite AI-Driven Boom

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.

(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

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 ...

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.

Today, June 12, 2026, SpaceX’s record Nasdaq debut is rippling through AI, aerospace, and satellite names.

Investing.com -- Robinhood experienced service disruptions on Friday as record-breaking traffic hit the platform during trading of SpaceX shares following the company’s initial public offering.

U.S. stocks gained in midday trading after SpaceX shares began trading 11% higher than their IPO price.

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

With the massive SpaceX debut hogging the headlines, some retail investors may have allowed more prosaic names to slip from their minds. Pharma stock Eli Lilly is trading in a buy zone as institutional investors load up. Eli Lilly is committed to innovation and reinvests 20%-25% of its sales back into developing new treatments.