SpaceX shares fell to just over $135 on Wednesday, the price CEO Elon Musk and his company chose ahead of their blockbuster June 12 initial public offering (IPO) that raised nearly $86 billion. The company’s shares spent much of the day below the IPO price, at one point falling below $133 per share, before rising
SpaceX investors have gone from celebration to apparent concern in its first month as a publicly traded company. When shares of the company, co-founded and led by Elon Musk, first became available for individuals to purchase on the public stock market on June 12, there was a frenzy among investors. Although the company had decided
The AI chip boom just produced its biggest moment on Wall Street yet. SK Hynix, a South Korean memory chip giant, said on Friday that it had raised $26.5 billion (KRW 40 trillion) in its US market debut. SK Hynix sold 177.9 million American depositary shares (ADRs) at $149 each, structured so that American investors
I can’t distinguish the exact tipping point between realistic enthusiasm for a new technology, hype, and aww-come on – but I’m pretty sure that when a sandwich shop with Danny DeVito as a public face talks about AI in its IPO documents, we must be getting close. The same goes for Jersey Mike’s. Given investors’
IQM, a full-stack quantum company from Finland, went public on the Nasdaq on Thursday via a SPAC merger at a valuation of around $1.9 billion. But stock prices did not rise. They spent most of the day below the IPO price – a lukewarm welcome. SPAC mergers don’t tend to be immediately popular with retail