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
➡️ Did someone forward you this email? If you would like to receive this information directly, every morning before the markets open in New York, sign up here. IT’S HAPPENING! Anthropic targets $2 trillion IPO in October—largest ever public float Anthropic will stage an IPO in October at a predicted valuation of $2 trillion, even
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
Singapore’s bourse reported a 14% jump in yearly revenue to $1.17 billion, after the country rolled out a series of market reforms in 2025 aimed at revitalizing its sluggish stock market. The measures, which included tax rebates for newly-listed companies and a government-led injection of 1.5 billion Singapore dollars into the local equity market, have
SpaceX pulled off a successful launch last Friday evening at its Starbase facility in South Texas, sending its Starship rocket into orbit. It hasn’t stopped Elon Musk’s fortune from falling back to Earth. The world’s first trillionaire is now poorer than he was before SpaceX’s initial public offering priced last month, according to the Bloomberg Billionaires Index.
Apple filed a trade secret lawsuit against OpenAI last Friday, and it’s not pulling any punches. The complaint alleges a pattern of misconduct reaching back to OpenAI’s hardware director and claims that more than 400 former Apple employees now work at the company. OpenAI’s response so far has been carefully covered, and the timing couldn’t