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Investing.com106d agoneutral
SpaceX guide: Everything you need to know about the biggest IPO in history

Investing.com -- SpaceX begins trading on Nasdaq today under the ticker SPCX, targeting a valuation of approximately $1.75 trillion and seeking to raise $75 billion, more than 2.5 times the previous record set by Saudi Aramco (TADAWUL:2222) in 2019. The scale alone rewrites the record books. But the more interesting argument for "unique" runs deeper than the headline number.

After record IPO, Musk's SpaceX faces next test in market debut
Reuters106d agoneutral
After record IPO, Musk's SpaceX faces next test in market debut

SpaceX is set to begin trading on Nasdaq on Friday after investors poured $75 billion into the world's biggest IPO ever, betting that Elon Musk's lofty space, communications and AI ambitions can justify a $1.77 trillion valuation. The landmark listing cemented Musk's status as the first trillionaire ever and ‌propelled SpaceX into the ranks of the world's most valuable companies - even though the firm posted a loss of nearly $5 billion last year and generated only a fraction of ‌the revenue brought in by similarly valued tech giants. The stock's performance will be a test for the so-called "Musk premium," which has been the force behind Tesla's $1 trillion-plus valuation.

SpaceX Shares Indicated More Than 35% Higher in Shadow Trading
Bloomberg106d agoneutral
SpaceX Shares Indicated More Than 35% Higher in Shadow Trading

(Bloomberg) -- Shadow markets are pricing a blockbuster SpaceX stock debut, indicating a pop of at least 35% for Elon Musk’s rocket, satellite and AI company.Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeXbox Plans Significant Layoffs as New CEO Plans OverhaulTrump Insists Iran Deal Is Close After Scrapping New StrikesTrump Vows New Attacks on Iran, Threatens Key Energy TargetsUAE and Iran Meet Face-to-Face to Try to Deescalate TensionsDerivatives offered by o

Oppenheimer Predicts Over 40% Upside For Elon Musk's SPCX Ahead Of Blockbuster IPO: 'We See It As The Only...'
Benzinga106d agoneutral
Oppenheimer Predicts Over 40% Upside For Elon Musk's SPCX Ahead Of Blockbuster IPO: 'We See It As The Only...'

Investment bank Oppenheimer Holdings Inc. (NYSE:OPY) has launched the first coverage of commercial space flight company SpaceX on Wall Street, predicting a near 41% upside for the Elon Musk-led company ahead of Friday’s IPO. Oppenheimer Sets $190 Price Target In a new investor note released on Thursday, the investment bank set a price target of $190 for SPCX, a nearly 41% upside compared to the IPO offer price of $135/share. Read Also: SpaceX IPO Valuation Is Worth More Than Boeing, RTX, GE Aero

JPMorgan Echoes Why Tesla, Inc. (TSLA) is One of the Best Forever Stocks to Buy
Insider Monkey106d agobullish
JPMorgan Echoes Why Tesla, Inc. (TSLA) is One of the Best Forever Stocks to Buy

Tesla, Inc. (NASDAQ:TSLA) is one of the best forever stocks to buy, according to analysts. On June 7, JPMorgan reiterated that Tesla (NASDAQ:TSLA)’s ambitions around autonomous vehicles, humanoid robotics, and energy storage are underappreciated. Consequently, the investment bank upgraded the stock to Neutral from Underweight. JPMorgan expects Tesla’s share price to rise to about $475 […]

Asia stocks up, oil down on Mideast deal hopes
AFP106d agobullish
Asia stocks up, oil down on Mideast deal hopes

Asian stocks gained and oil dipped Friday after US President Donald Trump withdrew his threat of further strikes on Iran and said a deal could be signed in the coming days."Donald Trump's rhetoric flipped intraday from strike risk and hard military language toward no immediate attack, high-level diplomacy with Iran and talk of a deal being close enough to sign as soon as this weekend in Europe, with Vice President JD Vance expected to attend," said Stephen Innes at SPI Asset Management.

SpaceX IPO set for liftoff in record market debut
AFP106d agoneutral
SpaceX IPO set for liftoff in record market debut

Elon Musk's SpaceX was set to begin trading on the Nasdaq exchange Friday with the biggest initial public offering in history expected to make the polarizing entrepreneur the world's first trillionaire.SpaceX is the first out of the gates among leading AI giants eyeing public markets, with OpenAI and Anthropic both recently filing initial documents with regulators.

SpaceX Tesla Merger Odds Are Rising
Barrons.com106d agoneutral
SpaceX Tesla Merger Odds Are Rising

There is rarely a dull day for investors in Elon Musk's companies. Now that the SpaceX IPO is done (secondary market trading will start Friday), thoughts can turn back to the long-term plans Musk might have for his business empire. A merger with Tesla is on the table.

Tesla Robotaxi Rollout And FSD Expansion Test Rich Valuation Narrative
Simply Wall St.106d agoneutral
Tesla Robotaxi Rollout And FSD Expansion Test Rich Valuation Narrative

Tesla launched an unsupervised robotaxi service across the Austin metropolitan area, marking one of the first commercial scale driverless ride hailing deployments. The company gained additional European Union approvals for its supervised Full Self Driving software, including in Belgium and Denmark. Ticker: NasdaqGS:TSLA, with a recent share price of $381.59 and a 1 year return of 16.9%. Tesla, trading under NasdaqGS:TSLA, is pushing further into autonomous mobility with its new robotaxi...

Musk Poised to Be the World’s First Trillionaire
The Wall Street Journal106d agoneutral
Musk Poised to Be the World’s First Trillionaire

Elon Musk is poised to become the world's first trillionaire. His company, SpaceX, is set to begin trading on the Nasdaq Friday. It sold around $75 billion of shares Thursday in an offering that valued Musk’s stake at around $690 billion.

Elon Musk Is (Still) a Trillionaire
Barrons.com106d agoneutral
Elon Musk Is (Still) a Trillionaire

SpaceX priced its IPO, valuing the company at about $1.8 trillion. That values Musk's stake at about $866 billion. Combined with his Tesla position, Musk is worth roughly $1.1 trillion, according to Barron's.

Why Elon Musk is the 'king of big ideas'
Yahoo Finance Video106d agoneutralVIDEO
Why Elon Musk is the 'king of big ideas'

Elon Musk's SpaceX (SPAX.PVT) is on the launchpad, just one day away from its scheduled IPO. TrueCar Founder Scott Painter — an early Tesla (TSLA) advisor who sold Musk his Bel-Air mansion in 2020 — discusses his first-hand experiences witnessing Musk's leadership and vision as he seeks to expand his corporate empire. SpaceX is expected to go public on the Nasdaq this Friday, June 12, under the ticker SPCX, with the space operator aiming for an IPO price of $135 per share.