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Analyst Behind $250 SpaceX Target Says Physical AI Will Be “One of AI’s Fastest-Growing Areas Over the Next 4-5 Years”
24/7 Wall St.54d agoneutral
Analyst Behind $250 SpaceX Target Says Physical AI Will Be “One of AI’s Fastest-Growing Areas Over the Next 4-5 Years”

Oppenheimer tech analyst Timothy Horan used a recent CNBC segment to lay out a bull case for SpaceX (NASDAQ:SPCX), arguing that the company’s edge in artificial intelligence justifies a price target well above where shares are changing hands today. SpaceX IPO’d roughly 2 weeks ago, and Oppenheimer’s $250 SpaceX price target puts physical AI squarely ... Analyst Behind $250 SpaceX Target Says Physical AI Will Be “One of AI’s Fastest-Growing Areas Over the Next 4-5 Years”

SpaceX Is Down 17% This Week. What Could Push It Back Up to $225?
24/7 Wall St.54d agoneutral
SpaceX Is Down 17% This Week. What Could Push It Back Up to $225?

Shares of SpaceX (NASDAQ:SPCX) are trading lower again on Friday morning, with the stock changing hands at $152. That extends a rough stretch in which SpaceX stock has fallen 17% over the past week. The slide ran from $185 on June 18 down to $153 at the June 25 close. With a market capitalization still ... SpaceX Is Down 17% This Week. What Could Push It Back Up to $225?

SpaceX stock sheds 17% in first week of trade
Yahoo Finance54d agoneutral
SpaceX stock sheds 17% in first week of trade

SpaceX is poised to close out its first full week as a public company on a down note, with shares on track to shed 18% — extending a rough debut for one of the most highly anticipated IPOs.

SpaceX stock on track to shed 18% this week
Yahoo Finance54d agoneutral
SpaceX stock on track to shed 18% this week

SpaceX is poised to close out its first full week as a public company on a down note, with shares on track to shed 18% — extending a rough debut for one of the most highly anticipated IPOs.

SpaceX reportedly plans Starlink mobile service for US consumers
Proactive54d agoneutral
SpaceX reportedly plans Starlink mobile service for US consumers

SpaceX Corp (NASDAQ:SPCX) is considering launching a Starlink-branded mobile phone service in the United States, according to a Financial Times report published on Friday, potentially expanding the company's role in the telecommunications market. The report cited comments from SpaceX...

OpenAI’s IPO Delay Could Be the Biggest Warning Yet for AI Investors
24/7 Wall St.54d agoneutral
OpenAI’s IPO Delay Could Be the Biggest Warning Yet for AI Investors

The AI trade has gone from unstoppable to unpredictable in a matter of weeks. After driving one of the strongest rallies in market history, artificial intelligence stocks have run into a wall of rising valuations, growing capital spending concerns, and a string of volatile IPOs. Earlier this week, I suggested the changing market mood might ... OpenAI’s IPO Delay Could Be the Biggest Warning Yet for AI Investors

Forget Pouring Everything Into the SpaceX IPO. This Fund Spreads the Space Bet and Is Up 46% in a Year
24/7 Wall St.54d agoneutral
Forget Pouring Everything Into the SpaceX IPO. This Fund Spreads the Space Bet and Is Up 46% in a Year

The ARK Space Exploration & Innovation ETF (CBOE:ARKX) has become a popular parking spot for investors seeking space exposure without waiting for the SpaceX IPO. With Elon Musk’s rocket company reportedly headed toward a public listing at a valuation north of a trillion dollars, retail demand for a single ticker capturing the theme has surged. ARKX, with ... Forget Pouring Everything Into the SpaceX IPO. This Fund Spreads the Space Bet and Is Up 46% in a Year

The Great Russell Rebalancing Is Upon Us
The Wall Street Journal54d agobearish
The Great Russell Rebalancing Is Upon Us

The FTSE Russell indices will undergo their semi-annual rebalancing after markets close today—an event that analysts say could make for one of the highest volume trading days of this year. The rebalancing will impact $6 trillion of active and passive assets under management benchmarked to the major Russell indices, according to strategists at JPMorgan Asset Management. Overall, 43 companies are expected to graduate from the Russell 2000 index of small-cap stocks to the Russell 1000 large-cap index.

US equity funds record weekly outflows as tech weakness weighs
Reuters54d agoneutral
US equity funds record weekly outflows as tech weakness weighs

equity funds came under selling pressure in the week to June 24, ‌as concerns over debt-funded spending in the technology ‌sector and expectations of a hawkish Federal Reserve policy stance sparked ​risk aversion. equity funds during the week, partly reversing net purchases of $37.

Russell rebalance could add to SpaceX volatility
Reuters54d agobearish
Russell rebalance could add to SpaceX volatility

Even by SpaceX standards, Friday is shaping up as an eventful trading session as investment funds tracking Russell indexes prepare to add billions of dollars' worth of Elon Musk's ‌internet and rocket company to their holdings. After a blockbuster initial public offering this month, SpaceX's stock has been ‌on a wild ride, soaring 67% to its June 16 intraday high of $225.64 before tumbling to Thursday's $153 close. FTSE Russell will add SpaceX to its Russell U.S. indexes after Friday's close of trading as part of its semi-annual index reconstitution.