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SpaceX Stock Sinks to Fresh Low as Starship Launch Scrubbed
business1 month ago

SpaceX Stock Sinks to Fresh Low as Starship Launch Scrubbed

SpaceX’s stock slipped below its $135 IPO price and continued to fall after the company canceled its first Starship launch since going public, wiping out roughly $320 billion in market value from IPO day and about $1 trillion from its June peak. The retreat comes amid looming lockup expirations that could unload hundreds of millions of shares, while investors await a retry of the Starship flight planned for early next week. Starship remains central to SpaceX’s future, supporting Starlink and NASA’s Artemis moon program, making the stock sensitive to flight and engine issues.

via Business Insider|
#business#elonmusk#ipo
SpaceX stock slides to new low, briefly dips below IPO price
markets1 month ago

SpaceX stock slides to new low, briefly dips below IPO price

SpaceX’s SPCX shares sank to an all-time low of $132.75, briefly dipping below its $135 IPO price before closing at $135.27, the latest sign of pressure after its June highs. The stock has fallen more than 30% from its intraday peak and about 12% year-to-date, despite a broad bullish chorus from Wall Street (27 of 31 Buy/Strong Buy ratings with a mean target around $242). Needham even lifted its target to $250. A near-term catalyst looms: Booster 20 rolls out ahead of Starship Version 3’s 13th test flight in Texas, slated for July 14, 2026, while SpaceX’s earnings are expected mid-August. Bulls argue SpaceX’s mix of rocket launches, satellite broadband, AI, and data-center ambitions could justify valuation if Starship scales up.

via Yahoo Finance|
#ipo#markets#nasdaq
QNT IPO Opens Strong But Ends Near IPO Price Amid Tech Selloff
business2 months ago

QNT IPO Opens Strong But Ends Near IPO Price Amid Tech Selloff

QNT closed 60.38 on its Nasdaq debut, near the $60 IPO price after an early lift toward 68 and a peak near 71.35, as a broader tech slump pressured momentum. Retail traders on StockTwits swung to neutral from bullish, while IonQ rose about 4% and other quantum peers were mixed. Quantinuum raised $1.68 billion in its IPO by selling 28 million shares at $60; the company was formed from Honeywell Quantum Solutions and Cambridge Quantum, with government incentives in quantum tech shaping the backdrop.

via Yahoo Finance|
#business#ipo#qnt
AI boom widens the wealth gap, propelling the ultra-rich ahead
economy2 months ago

AI boom widens the wealth gap, propelling the ultra-rich ahead

Capgemini's World Wealth Report 2026 finds ultrahigh-net-worth individuals (investable assets ≥ $30M) gained about 10% in 2025, outpacing the $1–$5M group which grew under 8%. Global wealth among high-net-worth individuals rose 8.7% to a record $98.3 trillion, with the U.S. adding roughly 736,000 new millionaires. The AI boom and access to private equity and hedge funds helped the ultra-rich capture higher returns, highlighting a growing wealth gap as more ordinary investors enter markets but see more modest gains.

via Axios|
#ai#capgemini#economy
1973 Revisited: What If History Rhymes for Today’s Markets
business5 months ago

1973 Revisited: What If History Rhymes for Today’s Markets

The Motley Fool argues that today’s mix of Middle East oil tensions, rising inflation, slowing growth, and a cautious Fed rhymes with 1973 and could pressure stocks or even trigger a prolonged ‘lost decade.’ However, 2026 isn’t a perfect replay—AI and other factors may blunt a sharp sell-off. The suggested strategy is long-term: buy well-positioned growth stocks, hedge with commodities like gold and energy, and diversify with Treasuries rather than trying to time a quick rebound.

via The Motley Fool|
#1970s#business#inflation
Ubisoft slides after six-game cancellation and major restructuring
business7 months ago

Ubisoft slides after six-game cancellation and major restructuring

Ubisoft’s stock dropped about 33% after it announced a broad restructuring, closing studios and canceling six games, and warned of around €1 billion in operating losses for the year ending 2026 with a €650 million write-down. The plan includes €500 million in cost cuts, aiming for fixed costs of €1.25 billion by 2028, and net bookings of roughly €1.5 billion for 2026, with potential asset sales as part of the reset.

via CNBC|
#business#gaming-industry#losses
ADP Reports Unexpected Job Loss Amid Government Shutdown, Sparks Fed Rate Cut Expectations
economy11 months ago

ADP Reports Unexpected Job Loss Amid Government Shutdown, Sparks Fed Rate Cut Expectations

The ADP report revealed a surprising private sector job loss in September amid the government shutdown, raising economic concerns and increasing the likelihood of a Fed rate cut on October 29. Stock markets declined slightly, and bond yields fell, reflecting investor caution. The shutdown's duration could further impact economic growth and federal employment, with market expectations now fully pricing in a rate cut.

via Investor's Business Daily|
#adp#economy#fedratecuts
StubHub's IPO Debut and Market Performance Overview
business11 months ago

StubHub's IPO Debut and Market Performance Overview

StubHub's IPO raised $800 million, with shares opening slightly above the offering price of $23.50, reflecting strong investor interest in the ticket resale marketplace. The company, which processed over 40 million ticket sales last year and reported a 29.5% revenue increase to $1.77 billion in 2024, faces competition from TicketMaster and others, amid regulatory scrutiny of the ticket resale industry.

via Investor's Business Daily|
#business#ecommerce#ipo