SpaceX stock has stumbled out of the gate since its IPO in June, but one veteran fund manager thinks there’s more trouble ahead for Elon Musk’s rocket company. George Noble, formerly the manager of Fidelity Overseas Fund, was bearish on the stock as it headed for its IPO, and his tune hasn’t changed since the
SpaceX’s stock could come under pressure again as more early investors gain the freedom to cash in their stakes, said research analyst and “Prof G Markets” podcast co-host Ed Elson. Elson discussed the risks surrounding SpaceX’s mega IPO in June during an episode of Kara Swisher’s “On” podcast, released on Thursday. He said that although
Lovers and haters are erecting monuments for their favorite tech billionaire, Elon Musk. Just north of the US-Mexico Border, near Brownsville, Texas, sits Starbase, SpaceX’s massive rocket launch and development site. In 2025, the surrounding area became incorporated as the City of Starbase, with a population of more than 500 residents, though thousands of people
SpaceX stock rose on Monday to reclaim an important milestone: its $135 IPO price. The stock jumped back above that threshold on Monday, rising to close 4% higher at $138.74 after struggling to mount a decisive gain early in the session. Shares are up more than 25% in August, and a 15% rally on Friday
Residents of a rural Texas county say they want more control over the gigantic AI infrastructure projects sprouting in their backyards. Nearly 900 residents of Grimes County, the site of Elon Musk’s planned 100-million-square-foot Terafab semiconductor factory, signed a petition calling for more stringent regulations on large infrastructure projects that receive public incentives. The residents
SpaceX delivered its first earnings report since going public in June, arriving at a sensitive time for the stock, which has tumbled 15% from the $135 offering price. SpaceX shares dropped 7% after hours following the earnings, which revealed better than expected revenue but AI capex higher than Wall Street estimates. While overall capex came
