Tag

Float

All articles tagged with #float

business18 days ago•8 min saved

SpaceX stock rises as lock-up unlock expands public float

SpaceX shares climbed about 2.5% after the first major lock-up window expired, unlocking up to 911.5 million restricted shares and roughly doubling the public float to about 1.55 billion. The move followed SpaceX’s first quarterly results as a public company, which showed a net loss of $541 million on $7.8 billion in revenue, with increased spending on R&D and infrastructure. Musk’s stake remains under lockup until 2027, with additional unlocks expected over time.

via Yahoo! Finance Canada|

#business #earnings #elon-musk

business1 month ago•2 min saved

SpaceX Short Interest Climbs to 32% Ahead of First Public Earnings, Musk Warns Short Sellers

SpaceX’s short-interest rose to about 32% of its tradable float (roughly 206 million shares, about $25 billion in bearish bets) ahead of the company’s first earnings report as a public company and upcoming lock-up expirations. Elon Musk warned that firms with large short positions have a low survival probability. The company will report after the close on Aug. 4; the shares rose about 4% on the news but remain below their IPO price of $135. Bulls cite leadership in launches, Starlink expansion and AI ambitions, while skeptics question whether much growth is already priced in. Macquarie reiterated an outperform rating.

via CNBC|

#business #earnings #elon-musk

business1 month ago•15 min saved

SpaceX Joins Nasdaq-100, Setting Up a Big Buy Moment for Index Funds

SpaceX is set to enter the Nasdaq-100, forcing index funds that track the index to buy the stock and potentially drive a short-term price rally. Analysts estimate billions in passive demand: about $4.3B per JPMorgan and up to $8B per BNP Paribas, but only a small tradable float is currently available as insiders hold most shares. The buying surge will come before larger unlocks lift supply later this year, creating a timing gap that could support prices temporarily. Key levels to watch are a resistance zone around $172–$180 and a potential move back toward the $200s if broken, while a drop below roughly $150 could be bearish. SpaceX’s stock has shown history of rapid moves around IPO-like periods, underscoring its volatility risk.

via Yahoo Finance|

#business #float #index-funds

business1 month ago•14 min saved

SpaceX Joins Broad Index Funds, With OpenAI and Anthropic Soon to Follow

SpaceX’s ultra-thin public float now meets revised index rules, allowing it to be added to major benchmarks behind funds like VTI and prompting automatic, phased buying in millions of 401(k) plans. The same mechanism is set to pull OpenAI and Anthropic into the indexes next, while the S&P 500 did not change its rules. For savers, the impact is gradual exposure through passive funds rather than a one-shot jump, as weight depends on float and liquidity rather than a company’s current profitability or price.

via moneywise.com|

#401k #business #float

business2 months ago•7 min saved

SpaceX IPO: $5 Trillion Dream Meets Reality Check

CNBC's Jim Cramer says SpaceX's IPO could surge to around $5 trillion on debut due to enormous demand and a tiny float, with the company aiming to raise $75 billion at $135 a share (555,555,555 shares), valuing it at about $1.77 trillion at first. Morningstar values SpaceX at about $780 billion, far below the IPO valuation, and the small float means early investors may need to sell other stocks to participate, potentially pressuring the broader market. While initial demand could push the price higher, the share count will rise as restrictions lift, increasing selling pressure and raising questions about long-term performance versus the S&P 500.

via The Motley Fool|

#business #float #ipo

businesstech2 years ago•4 min saved

Float's Customer-Obsessed Approach: Building the Perfect Products

Rob Khazzam, co-founder and CEO of Canadian fintech company Float, discusses the importance of customer obsession in building the right products. By putting himself in the shoes of customers and addressing their pain points, Khazzam developed expense software and corporate spending cards that cater to the unique concerns of small and medium-sized firms. Float's focus on data and customer feedback has allowed them to create products that meet the needs of their target market. The company's customer obsession extends to providing exceptional support and a ten-times better customer experience.

via BBC.com|

#businesstech #customer-obsession #fintech

sports3 years ago

"Excitement Builds for Cincinnati Reds Opening Day Festivities"

The Cincinnati Reds will honor the late Tom Browning, a former pitcher, with a float during the Opening Day parade. Browning, who passed away in February, was a beloved member of the Reds organization and is best known for pitching a perfect game in 1988. The float will feature a replica of Browning's pitching mound and will be accompanied by his family and former teammates.

via WKRC TV Cincinnati|

#cincinnati-reds #float #opening-day