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Spacex Ipo

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AI-fueled Wall Street rally lifts Morgan Stanley to record Q2 profits and revenue
business21 days ago

AI-fueled Wall Street rally lifts Morgan Stanley to record Q2 profits and revenue

Morgan Stanley rode an AI-driven trading and dealmaking binge to a blowout second quarter: net income of $5.58 billion ($3.46 a share) on revenue of $21.35 billion, up 27% year over year, with record equity trading fees and underwriting. Trading fees rose 69% to $6.3 billion, equity underwriting surged 70% to $851 million as IPO activity (including SpaceX) boosted fees, and wealth-management net new assets hit a record $148 billion. CEO Ted Pick called the results exceptional as the big-bank earnings season capped with strong performances across rivals.

via Yahoo Finance|
#ai#business#earnings
JPMorgan Sets Record Quarter as Dimon Calls Markets Peak
business22 days ago

JPMorgan Sets Record Quarter as Dimon Calls Markets Peak

JPMorgan Chase posted a second-quarter record profit of $21.2 billion on $57 billion in revenue, aided by a $4.6 billion net gain from Visa shares and other equity investments. Strong equity trading and underwriting helped, and the firm raised full-year net interest income guidance to $96.6 billion. CEO Jamie Dimon said the banking environment is “close to as good as it gets” amid healthy consumer activity and high market volumes, while warning that geopolitical tensions and inflation could alter the outlook. The results kickoff what analysts expect to be another strong earnings season for big banks, supported by AI-related deal activity including SpaceX and Alphabet.

via Yahoo Finance UK|
#business#earnings#equity-trading
SpaceX IPO sparks $2 trillion tech rout as AI hype meets reality
economy-and-business1 month ago

SpaceX IPO sparks $2 trillion tech rout as AI hype meets reality

June’s tech rout erased about $2.3 trillion in value from the Magnificent Seven as AI optimism cooled, even as SpaceX raised $75 billion in an IPO that valued the company at $2.1 trillion. Investors question whether AI-driven growth will materialize and whether hyperscalers’ data-center bets will pay off, with capital increasingly flowing to chipmakers like Nvidia. Retail investors took about a quarter of SpaceX’s stock, prompting meme-stock concerns, while analysts urge diversification and defensive bets in AI infrastructure amid higher interest rates and geopolitical tensions.

via EL PAÍS English|
#ai#economy-and-business#magnificent-seven
Korean Broker Misses SpaceX IPO Allocation After Miscommunication
business1 month ago

Korean Broker Misses SpaceX IPO Allocation After Miscommunication

A miscommunication during SpaceX's record‑breaking IPO caused Mirae Asset Securities in South Korea to receive zero retail allocations after it mistakenly treated an early investor-demand inquiry as binding orders. The error left Mirae apologizing to clients and facing regulatory inspections, even as the $86 billion offering moved forward with allocations to other underwriters and broad investor demand.

via Yahoo Finance|
#bookbuilding#business#ipo-underwriters
SpaceX taps debt market with a $25B bond sale to fuel growth
business1 month ago

SpaceX taps debt market with a $25B bond sale to fuel growth

SpaceX priced a $25 billion five-tranche senior notes offering due 2031–2056 after strong demand, with proceeds to refinance a bridge loan, cover fees, and fund general corporate purposes; the deal is limited to large institutional buyers outside the U.S. as SpaceX navigates a rocky post-IPO stock run, highlighting investor skepticism about its cash burn and growth strategy.

via Yahoo Finance|
#bond-offering#business#debt-issuance
Dow Rises as Markets Pause Ahead of Warsh's Fed Debut and Hormuz Watch
markets1 month ago

Dow Rises as Markets Pause Ahead of Warsh's Fed Debut and Hormuz Watch

Stocks were mixed as investors awaited Fed Chair Kevin Warsh's first policy meeting: the Dow rose about 0.8% after a record rally, while the S&P 500 and Nasdaq slipped roughly 0.3% and 0.7% as energy-market tensions from Iran and the Strait of Hormuz weighed on sentiment. Global backdrop included a 31-year high BOJ rate hike, oil easing below $80 on Hormuz reopening hopes, and a continued post-IPO rally for SpaceX, with traders weighing whether the Fed will signal easier or tighter policy later this year amid inflation pressures.

via Yahoo Finance|
#dow-jones#federal-reserve-warsh#markets
SpaceX IPO sparks trillion-dollar moment as Iran deal looms and Warsh takes the Fed helm
business1 month ago

SpaceX IPO sparks trillion-dollar moment as Iran deal looms and Warsh takes the Fed helm

SpaceX's IPO priced at $150 and valued the company at about $2.1 trillion, while news of a prospective US-Iran interim peace deal aims to reopen the Strait of Hormuz; the week also centers on Kevin Warsh's first Fed meeting, expected to keep rates steady while inflation and AI-driven growth shape policy, with a light calendar of data and earnings (including Accenture) that could influence sentiment and energy prices.

via Yahoo Finance|
#business#fed-policy-inflation-ai#kevin-warsh
Korea Expands Probe Into Mirae's SpaceX IPO Allocation
business1 month ago

Korea Expands Probe Into Mirae's SpaceX IPO Allocation

South Korea’s Financial Supervisory Service widened an inspection of Mirae Asset Securities after it failed to secure any SpaceX IPO shares, despite marketing allocations to professional investors while retail buyers were shut out. Mirae apologized for creating expectations ahead of final allocation, as SpaceX saw strong demand and opened higher, though Mirae’s Korean stock slipped on the news.

via Yahoo Finance|
#business#financial-supervisory-service#mirae-asset-securities
markets1 month ago

Peace deal between US and Iran lifts Wall Street futures as Fed meet looms

U.S. stock index futures rose after Washington and Tehran announced a peace deal to end the war and reopen key Middle East shipping lanes, with focus on a Federal Reserve meeting expected to keep interest rates unchanged. S&P 500 futures jumped about 1.3%, Nasdaq-100 futures rose near 2%, and Dow Jones futures gained around 1%, aided by SpaceX’s trading debut.

via Investing.com|
#fed-meeting#hormuz-reopening#markets
Funds retreat from AI megacaps as SpaceX IPO looms
markets1 month ago

Funds retreat from AI megacaps as SpaceX IPO looms

Hedge funds trimmed exposure to the largest U.S. tech names ahead of SpaceX’s Nasdaq debut, with a JPMorgan note describing heavy late‑week selling in software and renewed demand for semiconductors. The Roundhill Magnificent Seven ETF has fallen more than 2.4% since early June as investors rotate toward chipmakers and other sectors in anticipation of SpaceX’s roughly $75 billion IPO at a $1.75 trillion valuation. SpaceX plans to reserve up to 30% of the offering for retail investors, Fidelity lowered its minimum investment to $2,000, and more IPOs from Anthropic and OpenAI could sustain capital rotations later this year.

via Yahoo Finance|
#hedge-funds#magnificent-seven#markets
Seeing a Trillion: Visualizing Musk’s Quest for the First Trillionaire
business1 month ago

Seeing a Trillion: Visualizing Musk’s Quest for the First Trillionaire

NBC News uses data visuals to explain what a trillion really means as Elon Musk nears becoming the world’s first trillionaire with SpaceX’s roughly $1.77 trillion IPO valuation. The piece notes that AI firms around $900B could set a new norm, leans on John Allen Paulos’s Innumeracy to show why large numbers defy intuition, and translates the scale into tangible terms—from trillion-second time spans to stacks of cash hundreds of miles high—illustrating how enormous wealth becomes almost unimaginable without visuals.

via NBC News|
#business#elon-musk#exponential-growth
Nova Progress Highlights a Busy Week in Space
space1 month ago

Nova Progress Highlights a Busy Week in Space

Stoke Space completes proto-qualification of the Nova first-stage at Moses Lake with an eye to a late-2026 debut; NASA weighs Artemis III lander options (Blue Origin’s New Glenn, Vulcan, Falcon Heavy) after the pad incident; Isar Aerospace raises 270 million euros to scale Spectrum and reschedule its second launch; SpaceX readies for Friday’s IPO amid ongoing Starlink and Falcon 9 milestones; Ariane 6 upgrades with P160C boosters and there’s ongoing talk of offshore launch concepts and regulatory flexibilities for Amazon Leo.

via Ars Technica|
#ariane-6#artemis-iii#nova-rocket