SpaceX has raised $85.7 billion in its U.S. initial public offering after underwriters exercised the “greenshoe” option, the rocket, AI and internet company founded by Elon Musk said on Monday.
Category: News
Last week’s stock market debut of Elon Musk’s SpaceX is forcing providers of equity indexes to reconcile two often-conflicting objectives: Do they stick to their inclusion rules or revise them to reflect changes in the market they are targeting?
The U.S.-Iran deal may silence the guns, but it cannot alter the verdict of more than three months of war.
Benjamin Netanyahu bet that his joint war alongside Donald Trump would topple Iran’s clerical rulers and bolster himself ahead of elections at home, as the architect of a U.S.-Israeli alliance that would reshape the Middle East.
France and Britain are pushing plans for a multinational naval mission to safeguard shipping through the Strait of Hormuz if a U.S.-Iran ceasefire materialises, although it is doubtful whether Tehranwould be prepared to accept any such operation.
Individual investors in the SpaceX IPO hoping to quickly sell their shares for a profit face stricter conditions than large funds over the practice known as flipping – and risk losing access to hot future listings such as OpenAI and Anthropic if they run afoul of these limits.
Shares of SpaceX rose more than 6% before the bell, and were set to extend gains after a blockbuster debut last week that pushed the company’s valuation past $2 trillion and into the ranks of Wall Street’s most valuable companies.
Fox Corp is buying Roku in a cash-and-stock deal valued at about $22 billion in a bet that pairing its sports and news programming with a top TV streaming platform will strengthen its position as audiences shift online.
Ensuring the Strait of Hormuz is safe from mines could delay a return to normal shipping traffic by weeks following a deal to reopen the waterway, shipping and maritime security sources say.
The SpaceX IPO went off with a bang. Now investors turn their attention to a jam-packed calendar ahead for Elon Musk’s rocket, internet and AI firm that may bring volatility.