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SpaceX Stock Tumbles After Nasdaq Debut Amid Profitability Doubts
business1 day ago

SpaceX Stock Tumbles After Nasdaq Debut Amid Profitability Doubts

SpaceX shares slid after joining the Nasdaq-100, briefly dropping below its IPO price and trading around $148 as of late, down about 13% in five days and 35% from its June high. The decline underscores concerns that SpaceX’s huge valuation isn’t matched by profits, with nearly $5 billion in losses on over $18.5 billion in revenue last year, compounded by the xAI merger burn and rival Blue Origin’s fundraising. Despite the headwinds, some banks have bullish price targets, suggesting optimism about AI-in-space potential.

via Futurism|
#business#elon-musk#nasdaq-100
SpaceX Slump Triggers Fresh Questions Over Sky-High Valuation
business1 day ago

SpaceX Slump Triggers Fresh Questions Over Sky-High Valuation

SpaceX shares slipped to about $145 after its Nasdaq-100 debut, down roughly 35% from a mid-June high as investors grapple with a near-$2 trillion valuation and ongoing profitability concerns, despite bullish price targets from banks. The pullback comes as SpaceX’s merger with xAI burns billions and Blue Origin raises funding at a high valuation, all amid broader market headwinds for tech stocks.

via Yahoo Finance|
#blue-origin#business#nasdaq-100
SpaceX slips to $148 after Nasdaq-100 entry
markets2 days ago

SpaceX slips to $148 after Nasdaq-100 entry

SpaceX closed at $148, a second straight day below its $150 debut, after being added to the Nasdaq-100 which forced index funds to own shares. The company’s IPO raised $85.7 billion with a greenshoe option; SpaceX had previously peaked near $202 after debut. Analysts remain broadly bullish on SpaceX’s reusable rocket tech, Starlink, and potential AI ventures, even as a minority stay neutral or cautious.

via CNBC|
#greenshoe#ipo#markets
SpaceX Joins Nasdaq 100 as Analysts Bet Big on Growth
business3 days ago

SpaceX Joins Nasdaq 100 as Analysts Bet Big on Growth

SpaceX’s historic IPO propelled the rocket company onto the Nasdaq 100, triggering fresh, highly optimistic analyst coverage after the quiet period ended. Morgan Stanley started with an overweight rating and a $300 target, while RBC ($225), UBS ($210), BTG Pactual ($225), and Stifel ($190) issued bullish notes. Analysts project multi-trillion-dollar revenue potential by 2030–2040 driven by space, Starlink, and AI ventures, even as the company still posts losses; SpaceX briefly hit a $2.9 trillion valuation before retreating to below $2 trillion after the debut, with the stock opening around $159.

via Business Insider|
#analysts#business#ipo
SpaceX Joins Nasdaq-100, Setting Up a Big Buy Moment for Index Funds
business4 days ago

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
Markets in mixed mood as Tencent trims Kuaishou stake and oil climbs
business4 days ago

Markets in mixed mood as Tencent trims Kuaishou stake and oil climbs

Global markets were mixed: Tencent sold about $1.5B of Kuaishou shares, sending the stock down roughly 9.6%; Sapporo and Carlsberg agreed to expand in Southeast Asia and Hong Kong with a $643M 25% stake; oil rose on renewed tensions in the Strait of Hormuz; Hanwha Ocean plunged after losing Canada’s submarine bid; Samsung slipped despite a forecast for record Q2 profit; Asia markets opened mixed with Korea down and Japan set to rise; SpaceX is set to join the Nasdaq-100; Vertex will acquire Crinetics for $10B; stock futures were little changed after hours.

via CNBC|
#business#kuaishou#markets
SpaceX’s Nasdaq-100 Debut Could Turbocharge Options Activity
markets4 days ago

SpaceX’s Nasdaq-100 Debut Could Turbocharge Options Activity

SpaceX’s upcoming Nasdaq-100 inclusion is likely to lift options pricing for both the stock and the index, with about 1% weighting in QQQ and a high implied volatility around 92 (roughly 3.5x QQQ). Traders have been bullish on SpaceX options, evident in heavy call volumes—top contracts included a 450-strike call for July 17 and an 180-strike call expiring Friday—as hedges and speculative bets ride on SpaceX’s volatility. The index impact should be modest due to float restrictions, but passive buyers and hedging could keep demand for options elevated. SpaceX traded near $160 after a recent dip.

via CNBC|
#markets#nasdaq-100#options
Futures edge higher as Iran tensions flare; SpaceX joins Nasdaq-100
business12 days ago

Futures edge higher as Iran tensions flare; SpaceX joins Nasdaq-100

Stock futures ticked up Sunday as renewed U.S.-Iran tensions raised energy concerns: Dow futures +124 points (0.2%), S&P 500 futures +0.4%, and Nasdaq-100 futures +0.5%. Crude prices rose on potential disruption to energy supplies after U.S. strikes on Iranian targets. SpaceX was announced to join the Nasdaq-100, potentially boosting passive-buying, while last week showed a tech-led pullback with the S&P and Nasdaq down for June.

via CNBC|
#business#iran-us-tensions#nasdaq-100
SpaceX poised to join Nasdaq-100 under fast-track rules
business14 days ago

SpaceX poised to join Nasdaq-100 under fast-track rules

Nasdaq said SpaceX could join the Nasdaq-100 after meeting requirements, with index-tracking funds (including QQQ) set to start buying after the July 6 close and SpaceX formally joining before the July 7 open; its expected sub-1% weighting would boost passive demand and reflect Nasdaq's fast-track inclusion framework, though SpaceX remains ineligible for the S&P 500 due to profitability and seasoning rules.

via CNBC|
#business#fast-track#index-inclusion
Chip Rally Fades as Tech Stocks Sell Off, Dragging Markets Lower
markets1 month ago

Chip Rally Fades as Tech Stocks Sell Off, Dragging Markets Lower

Stocks reversed a brief rally as chipmakers led a broad sell-off: the Nasdaq-100 fell about 4%, and the VanEck Semiconductor ETF dropped roughly 7% at one point, with Micron down ~4.3% and Broadcom about -1.3%. At 4 p.m. ET, the S&P 500 was down 0.26% and the Dow gained 0.2%, while the Nasdaq 100 fell ~1.1%. The Cboe VIX jumped around 10%, signaling rising volatility amid profit-taking after a long tech-led rally, with investors speculating about cash builds ahead of potential SpaceX stock trading.

via Business Insider|
#chip-industry#markets#nasdaq-100