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Analysis:SpaceX's lofty valuation set to put 'Elon premium' to test
Analysis:SpaceX's lofty valuation set to put 'Elon premium' to test June 9 : SpaceX's landmark listing this week is set to test the "Elon premium" that has made Tesla one of the most highly valued U.S. companies and a must-have among retail investors. The rocket company led by Elon Musk is targeting a valuation of $1.77 trillion in its record-setting IPO, which would make it the seventh-biggest publicly traded U.S. company by market value. Musk's fans contend that his track record makes...
The Apple Car Is Finally Here
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Two months, $2.6 billion: How NASA ETF turned SpaceX IPO access into a hot retail trade
Retail investors are rushing into the space investing trade ahead of the SpaceX IPO, and one ETF has cashed in on the excitement. Tema ETFs' Space Innovators ETF, which launched on March 30 and trades under the ticker symbol NASA, crossed $1 billion in assets in just 37 trading days, and by the end of this past trading week, had reached over $2.6 billion in assets. That rapid rise is due in part to retail investors hunting for exposure to SpaceX before it goes public.
2.4 million US homes or 10,000 private jets: Things Elon Musk can buy with his money
The upcoming initial public offering (IPO) for SpaceX could officially make Elon Musk as the world’s very first trillionaire. According to a recent analysis by The Wall Street Journal, the 54-year-old tech mogul's fortune has reached $970 billion, driven primarily by his massive stock holdings. With so much wealth to his name, there’s so much he can do.
SpaceX aims to make its stock market debut at $1.77 trillion value
Elon Musk’s SpaceX announced Wednesday that it intends to make its stock market debut next week at a $1.77 trillion valuation. The highly-anticipated initial public offering is expected to be the largest ever and will raise $75 billion in fresh cash for the company. SpaceX said in an SEC filing that it hopes to sell more than 555 million shares at $135 each.
The AI IPO Race Heats Up, DOGE Whistleblower Sues Elon Musk, and Instagram Gets Hacked
This week on Uncanny Valley, we discuss why the race among the top AI companies to go public has just gotten started but is already creating bizarre repercussions—including numerous San Francisco real estate listings preferring Anthropic stock instead of cash. They also get into why Donald Trump’s new executive order on AI safety is underwhelming and how hackers were able to use Instagram’s AI chatbot to access high-profile accounts like President Barack Obama’s. Plus, we report on how a...