SpaceX is set to begin trading on the Nasdaq a few hours from now, with investors and prediction-market traders increasingly betting that Elon Musk’s rocket company could quickly surpass a $2 trillion valuation after its market debut. The company priced its initial public offering at $135 per share, giving it an initial market capitalization of
SpaceX shares begin trading today, June 12, a day after the company priced its initial public offering, in what is set to become one of the largest stock market debuts in history. The Elon Musk-led company is looking to raise $75 billion in the offering, valuing the business at $1.75 trillion — a figure that
US stocks opened higher on Friday as investors welcomed signs of a potential peace agreement between the United States and Iran. Meanwhile, attention turned to the highly anticipated market debut of Elon Musk’s SpaceX, which is expected to become the largest public listing in Wall Street history. The Dow Jones Industrial Average gained 257 points,
Nebius and CoreWeave stocks pulled back in the past few days as investors book profits and as their short interest jumps. CRWV stock retreated to $95, down by 32% from its highest point in May. Similarly, NBIS stock has dropped by nearly 20% from the year-to-date high. Nebius and CoreWeave growth is accelerating Neoclouds have
Figma stock price has come under intense pressure this year and is now hovering at its all-time low amid the rising concerns about its revenue growth in this artificial intelligence (AI) era. After peaking at $143 following its IPO last year, the stock has plunged to $19 today, with its market cap falling from $60
Adobe shares fell sharply on Friday despite the software company reporting better-than-expected fiscal second-quarter results and raising its full-year outlook, as investors focused on strategic changes that could weigh on near-term growth metrics. ADBE stock dropped more than 7% in Friday trading after Adobe announced plans to prioritize user growth and artificial intelligence adoption over
Shares of Super Micro Computer (SMCI) fell sharply in premarket trading on Wednesday. The decline came after the server maker announced plans to raise $7 billion through a series of equity and equity-linked financing offerings to support growing demand for artificial intelligence infrastructure. The stock dropped 11.4% to $36 in premarket trading. The decline came
The Schwab US Dividend Equity (SCHD) ETF has held steady in the past few days, even as the broader stock market has remained on edge, with the S&P 500 and Nasdaq 100 indices being in a freefall. SCHD was trading at $32.30, a few points below the year-to-date high. Here are some of the top
The European Central Bank raised interest rates on Thursday, a move that had been widely anticipated by markets, as policymakers sought to prevent rising energy costs linked to the conflict in the Middle East from triggering broader inflationary pressures across the euro area. The decision comes as inflation in the 21-member eurozone climbed above 3%
US stocks opened higher on Thursday as investors returned to beaten-down technology shares following a sharp selloff, though gains were tempered by rising geopolitical tensions in the Middle East and higher oil prices. The Dow Jones Industrial Average added 246 points. The S&P 500 rose 0.29%, while the Nasdaq Composite gained 0.28%. The rebound came