SpaceX
Why SpaceX’s IPO Is Driving AT&T Stock Down Today
AT&T (T) stock is under significant pressure on June 3 after Oppenheimer analyst Timothy Horan downgraded it to “Perform” and removed the price target entirely. In his research note, Horan issued a broad warning that satellite broadband is no longer a distant threat to AT&T now that SpaceX will debut on Nasdaq next week. More…
The Blue Origin explosion made SpaceX even harder to catch
Every company that manages to dominate a market eventually needs something it can never admit it wants: a real rival. Competition is what keeps a leader on its toes, keeps customers from feeling trapped, and keeps regulators from spinning their wheels. A monopoly looks great on a spreadsheet and terrible in a headline. For most…
‘Rockets are hard’: Elon Musk responds to Jeff Bezos’ rocket explosion as his own SpaceX slides toward $1.8 trillion IPO
When Jeff Bezos’ New Glenn rocket burst into a fireball on a Cape Canaveral launch pad late on May 28, the quickest reaction came from its main rival. “Very unfortunate. Rockets are tough,” Elon Musk wrote on X. (1) Must read It was a rare solidarity between two billionaires who have spent a decade trading…
Prediction: Elon Musk’s SpaceX will buy Intel for $1 trillion
Quick reading Intel (INTC) has existing U.S. manufacturing plants, decades of semiconductor experience, tens of thousands of engineers and deep ties to Washington — assets that could accelerate construction of a planned $122 billion SpaceX semiconductor factory much faster than building new facilities from scratch. Nvidia’s (NVDA) data center revenue rose 92% year over year…
SpaceX and OpenAI IPOs Could Push AI Trading Into Bubble Territory: Chart of the Day
The mega initial public offerings of SpaceX (SPAX.PVT) and OpenAI (OPAI.PVT) could push AI trading into bubble territory, just as rising yields make investors more demanding about growth that may take years to come. Bank of America’s Michael Hartnett estimated that adding mega IPOs to current AI leaders could boost market concentration from the current…
Goldman Sachs to lead SpaceX IPO as lead left underwriter
SpaceX has tapped Goldman Sachs for the left lead position in its initial public offering prospectus, CNBC reported. Rounding out the leading banking group are Bank of America, Citigroup and JPMorgan Chase, and Bloomberg reports that Morgan Stanley also holds a leading position. A source told the Wall Street Journal that those three banks appear…
BlackRock weighs multibillion-dollar investment in SpaceX IPO, Information reports
May 16 (Reuters) – BlackRock has discussed investing between $5 billion and $10 billion in SpaceX’s initial public offering next month, news outlet ‌Information reported on Saturday, citing people familiar with the matter. SpaceX is targeting a raise of about $75 billion for a valuation of about $1.75 trillion, which could make it “the largest…
Exclusive-SpaceX accelerates IPO timeline, aims for Nasdaq listing on June 12, sources say
By Echo Wang and Anirban Sen NEW YORK, May 15 (Reuters) – SpaceX, Elon Musk’s rocket and satellite maker, aims to list its shares as soon as June 12 and has chosen the Nasdaq as the trading venue for its successful market debut, people familiar with the matter told Reuters on Friday. The listing, one…
Analysis-SpaceX links Musk’s compensation to the goal of colonizing Mars
By Ross Kerber April 28 (Reuters) – SpaceX’s board of directors approved a compensation plan for founder Elon Musk with goals as futuristic and celestial as the company’s ambitions: colonizing Mars and operating data centers in outer space. Details of Musk’s large pay package, which have not been widely disclosed, were revealed in the company’s…
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