The benchmark S&P 500 and the blue-chip Dow rose in choppy trading on Friday, aided by expectations for an imminent end to the Middle East conflict, while SpaceX shares surged in their debut, making it Wall Street’s biggest public listing in history.
Tag: Securities Enforcement
While the Justice Department has said it has abandoned plans for Trump’s proposed $1.8 billion “weaponization” fund, some of his allies are shifting focus to a different way to make payouts to his supporters, including those who took part in the January 6, 2021 Capitol riot.
Before SpaceX goes public, crypto exchanges are giving traders a way to make risky bets on the company’s future share price.
SpaceX’s much-anticipated $75 billion initial public offering, set to be the largest ever, will likely keep cryptocurrency prices in the doldrums as retail investors attracted to new and risky artificial intelligence stocks scramble to get a slice of the action.
Prediction market Kalshi said on Tuesday it will mandate employment disclosures for users trading on sensitive contracts and launch a whistleblower portal, steps aimed at aligning the platform with regulatory expectations for market integrity.
Short sellers beware: Elon Musk’s SpaceX IPO may be too hot to handle.
Wall Street banks are competing to offer special events for wealthy clients trying to get a piece of the SpaceX IPO, with Bank of America and JPMorgan hosting splashy events ahead of its launch next week and some bank CEOs involved in the action.
The company’s decision underscores Elon Musk’s determination to raise record sums his way.
SpaceX has reserved 5% of the shares in its planned initial public offering for certain employees and individuals selected by its executive officers, exempting them from post-IPO lock-up restrictions, according to a regulatory filing released on Monday.
The dual-class share structure outlined in SpaceX’s IPO filing, which grants CEO Elon Musk outsized control, has revived one of Wall Street’s oldest debates – that of corporate governance.