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SpaceX nears $3 trillion market cap, topping Amazon and Microsoft
Yahoo Finance Video63d agoneutralVIDEO
SpaceX nears $3 trillion market cap, topping Amazon and Microsoft

SpaceX (SPCX) stock continues to reach new heights since its IPO last week, already breaking above $200 per share while its nearly $3 trillion market cap sets it up as a heavy hitter among Big Tech peers. Innovator From Goldman Sachs Asset Management chief investment strategist Tim Urbanowicz and Yahoo Finance Senior Reporter Brooke DiPalma discuss the FOMO (Fear Of Missing Out) rally that has pushed SpaceX so high in just a few trading days. SpaceX has also completed a deal to acquire AI coding startup Cursor for $60 billion.

Bloomberg63d agobullish
SpaceX Set to Overtake Microsoft, Amazon in Value as Stock Soars

(Bloomberg) -- SpaceX shares jumped on Tuesday, putting the firm on track to overtake both Amazon.com Inc. and Microsoft Corp. to become the fourth largest publicly traded company in the world just days after its blockbuster debut.Most Read from BloombergIran’s Deputy Foreign Minister Confirms Deal Reached With USNetanyahu Pays a Political Price for Trump’s Iran DealStudios in Microsoft’s Xbox Division Brace for ClosuresUS and Iran Agree to Halt War, Restart Middle East Oil ShipmentsUS at Odds W

SpaceX Options Start Trading Today. It Will Be Wild.
Barrons.com63d agoneutral
SpaceX Options Start Trading Today. It Will Be Wild.

Options on SpaceX stock are scheduled to begin trading when the stock market opens on Tuesday. The options trading is likely to boost the stock, though it could create some intraday price swings. Demand for the stock is so high that the options are likely to be among the most actively traded in the entire options market, joining a pedigreed club that includes Apple Amazon com, Nvidia Meta Platforms, and others in an exclusive club.

SpaceX Just Passed the Value of Amazon and Microsoft. At What Share Price Does it Become the World’s Most Valuable Company?
24/7 Wall St.63d agoneutral
SpaceX Just Passed the Value of Amazon and Microsoft. At What Share Price Does it Become the World’s Most Valuable Company?

SpaceX’s after-hours high last night at $229.85 briefly pushed its market value above $3 trillion, leapfrogging two of the largest companies in the world. Amazon (NASDAQ:AMZN) carries a market cap of $2.57 trillion, and Microsoft (NASDAQ:MSFT) sits at $2.90 trillion. Shares of SpaceX aren’t trading at quite such lofty heights this morning; they’re currently trading for ... SpaceX Just Passed the Value of Amazon and Microsoft. At What Share Price Does it Become the World’s Most Valuable Company?

Workday (WDAY) Just Partnered With Amazon And Short Sellers Are Still Dominating
Insider Monkey63d agobearish
Workday (WDAY) Just Partnered With Amazon And Short Sellers Are Still Dominating

Workday Inc. (NASDAQ:WDAY) is one of the 7 Worst Cloud Stocks To Buy According to Short Sellers. On June 2, Workday Inc. (NASDAQ:WDAY) announced a new integration between its data cloud and Amazon Web Services. This integration will allow developers to use Workday’s HR and financial data with Amazon Web Services. Moreover, this will make […]

Howard Marks: Investing in AI Stocks Is ‘Closer to Speculating’ Than Analysis
24/7 Wall St.63d agoneutral
Howard Marks: Investing in AI Stocks Is ‘Closer to Speculating’ Than Analysis

Although the AI buildout has minted trillions in fresh market value across Wall Street, Howard Marks thinks buyers of these stocks are kidding themselves about what they actually own. On a recent Prof G Markets appearance, Oaktree Capital co-founder Marks laid out a spectrum running from “analytical investing in prosaic, understandable companies” to “speculative investing ... Howard Marks: Investing in AI Stocks Is ‘Closer to Speculating’ Than Analysis

SpaceX set to surpass Amazon's market cap as post-IPO rally continues
Reuters63d agobullish
SpaceX set to surpass Amazon's market cap as post-IPO rally continues

Shares of Elon Musk's SpaceX rose ‌more than 10% ‌in premarket trading on Tuesday, putting ​the company on course to overtake Amazon.com in market value to become the ‌world's fifth‑largest ⁠company, as it extended a post-IPO rally. The ⁠stock, which surged more than 19% on Monday, ​was last ​up ​10.1% at $211.8, giving ‌the company a market capitalization of nearly $2.8 trillion if gains hold. Amazon was last valued at $2.66 trillion.

Cerebras (CBRS) Lands OpenAI Deal And Amazon Partnership In AI Infrastructure
Simply Wall St.63d agobullish
Cerebras (CBRS) Lands OpenAI Deal And Amazon Partnership In AI Infrastructure

Cerebras Systems (NasdaqGS:CBRS) has secured a multi billion dollar deal with OpenAI. The company has also announced a partnership with Amazon, expanding its role in AI infrastructure. These announcements highlight fresh commercial traction with major AI and cloud players. Cerebras Systems focuses on purpose built AI compute, aiming to serve workloads that require intensive training and inference. The recent agreements with OpenAI and Amazon place the company directly alongside leading AI...

Bloomberg63d agobullish
STMicro Eyes $1.5 Billion Convertible Bonds After AI-Fueled Jump

(Bloomberg) -- STMicroelectronics NV is looking to raise $1.5 billion from selling debt that can be exchanged into equity after the chipmaker’s shares tripled in value so far this year. Most Read from BloombergIran’s Deputy Foreign Minister Confirms Deal Reached With USStudios in Microsoft’s Xbox Division Brace for ClosuresNetanyahu Pays a Political Price for Trump’s Iran DealUS and Iran Agree to Halt War, Restart Middle East Oil ShipmentsUS at Odds With Allies Over How Easy It Is to Reopen Horm