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SpaceX Stock Soars 63% Above IPO Price, Valued Near $2.9 Trillion
SpaceX shares are trading above $220 in overnight trading, giving the company a valuation of nearly $2.9 trillion and putting it within $100 billion of Microsoft's market cap.
SpaceX Valued at Nearly $2.9 Trillion After Overnight Surge
SpaceX shares traded above $220 in overnight trading, pushing the company's valuation to roughly $2.9 trillion, within $100 billion of Microsoft. The IPO price was $135 per share.
SpaceX Stock Surges 9%, Market Cap Hits $2.7 Trillion
SpaceX stock (SPCX) surged 9% in overnight trading, pushing its market capitalization to $2.7 trillion and overtaking Amazon to become the fifth-largest public company.
DJIA Hits Fresh All-Time High on US Peace Deal Optimism
The Dow Jones Industrial Average surged to a new all-time intraday high on Monday, rising about 1% as markets cheered a preliminary peace agreement between the US and an unspecified counterpart.
DOXEE Targets 2028 Revenue of €41.8-46.1M in New Business Plan
DOXEE has approved a three-year business plan for 2026-2028, targeting revenue between €41.8 million and €46.1 million and EBITDA of €11.8-13.6 million by 2028. For 2026, the company guides revenue of €32.0-33.5 million and EBITDA of €6.4-7.0 million.
SpaceX IPO Raises Record $85.7B, Exceeds Saudi Aramco
The SpaceX IPO raised a record $85.7 billion after underwriters exercised the greenshoe overallotment, surpassing Saudi Aramco's 2020 IPO by 191%.
SPCX IPO First Day Shows Stability Amid Market Weakness
The SPCX IPO concluded its first trading day with moderate performance, outperforming worst-case expectations. U.S. equities saw an initial dip followed by recovery, matching earlier forecasts.
NVDA Reacts Higher from Blue Box After Seven-Swing Pullback
Nvidia Corp. (NVDA) pulled back in a seven-swing corrective structure and reached the blue box support zone at 205.93–187.94, where buyers appeared as anticipated, causing a reaction higher.
Anthropic sued for allegedly overselling AI subscription usage
A consumer lawsuit accuses Anthropic of misleading customers about usage limits on its most expensive AI plans, demanding reimbursements.
S&P 500 Poised for Recovery on Multiple Positive Factors
The S&P 500 is on track for a recovery as rumors of an imminent end to the Middle East conflict, SpaceX successes, positive US economic data, and reduced expectations of Fed tightening boost sentiment.
AMD CEO Lisa Su Unveils Compact AI PC Challenging Nvidia's High-End GPUs
AMD CEO Lisa Su introduced a lunchbox-sized AI PC powered by the Ryzen AI Max+ 395 and up to 128GB of unified memory, capable of running 235B-parameter models locally without cloud or expensive GPU setups.
Tesla Cup and Handle Pattern Targets $765 Amid Peace Deal Tailwinds
Tesla shares extended gains on Friday, supported by a potential US peace deal, with a cup-and-handle pattern pointing to a $765 target.
Volkswagen to Cut 19,000 Jobs by Year-End, CEO Says
Volkswagen plans to reduce its workforce by 19,000 employees by the end of the year, according to its CEO, as part of ongoing efficiency and cost-cutting efforts amid industry challenges.
SpaceX Shares Surge with $80B Volume, Becomes 7th Largest Public Company
Over 500 million shares of SpaceX ($SPCX) traded with volume exceeding $80 billion, reportedly making it the 7th largest public company globally.
S&P 500 Elliott Wave Analysis Flags Large Decline Ahead
An Elliott Wave and market breadth analysis from June 3 suggests the S&P 500 is poised for a major downturn, citing bearish signals despite the index trading near 7,570 at the time.
Dow Jones Rises 0.6% to Near 51,200, Outperforms Nasdaq
The Dow Jones Industrial Average climbed 0.6% to around 51,200 on Friday, outperforming other major US indices as the Nasdaq Composite declined.
SpaceX Stock Surges 30%, Market Cap Reaches $2.3 Trillion
SpaceX stock ($SPCX) surged over 30% to a fresh record high, giving it a market capitalization of $2.3 trillion and making it the 6th largest public company in the world.
SpaceX Rises 24% in IPO Debut
Space Exploration Technologies (SPCX) shares surged 24% shortly after the start of its first trading day on Friday.
SpaceX IPO Sees $26B in Shares Traded in First 15 Minutes
The SpaceX IPO ($SPCX) recorded 160 million shares traded in its opening 15 minutes, equivalent to roughly $26 billion in volume. Average trading velocity reached $1.7 billion per minute.
SpaceX IPO Trading Tips: Avoid Market Orders, Know Flipping Policies
Traders are advised to use limit orders and avoid market orders during the SpaceX IPO debut due to extreme volatility. The post also details flipping policies at major brokerages like Fidelity, Robinhood, and ETrade.
SpaceX Shares Indicated to Open at $151, 12% Above IPO Price
SpaceX (SPCX) shares are indicated to open at $151, 12% above the IPO price of $135, according to trading indications.
Nasdaq Delays Start of SpaceX Share Trading for Orderly Pricing
The Nasdaq announced it needs a few more hours before SpaceX shares (ticker SPCX) can begin trading, citing the need for an orderly IPO and establishing the right price.
SpaceX IPO Trading Expected Within 60 Minutes, First Indications at $175
SpaceX’s IPO first indications came in at $175 per share, a 30% premium over the $135 IPO price. Trading is expected to begin within the next hour after Nasdaq completes its price-discovery auction.
SpaceX Set for Largest IPO in History, Musk Says
Elon Musk reveals he gave SpaceX less than a 10% chance of succeeding at launch. Today, the company is preparing the largest IPO in history, 2.5 times bigger than the previous record.