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SpaceX’s IPO Forces Wall Street to Reorganize Around It

SpaceX's next-generation Starship successfully launched atop the Super Heavy Booster from Starbase in Boca Chica, Texas, on May 22.

Bloomberg Markets 9d ago

Unique SpaceX IPO is hedging challenge for Wall Street: 'What are you going to do, short NASA?'

SpaceX will debut under the ticker 'SPCX' this Friday, and its options will begin trading on Monday, June 16th. It's a quick turnaround that leaves investors a little bit in the lurch. They'll have little time and a small sample size of activity to judge how the world's largest IPO will trade day-to-day over the long term, which one trader says will present the biggest hedging challenge in nearly three decades.

CNBC 41m ago

Live: Wall Street rebounds after semiconductor rout, OpenAI files to list

live Live: Wall Street rebounds after semiconductor rout, OpenAI files to list Wall Street markets have rebounded after yesterday's semiconductor rout, while artificial intelligence giant OpenAI has filed to become a public company. Follow the day's financial news and insights from our specialist business reporters on our live blog. Disclaimer: this blog is not intended as investment advice.

ABC Australia 1d ago

All the Ways Wall Street Gets Paid to Fund AI Boom

All the Ways Wall Street Gets Paid to Fund AI Boom Enormous valuations are rewriting the IPO playbook. This article is for subscribers only. Welcome to Bloomberg’s AI Today newsletter.

Bloomberg Technology 8h ago

Elon Musk is steamrolling Wall Street to become a trillionaire

Today on Decoder, I’m talking to Ryan Mac, a technology reporter at The New York Times and coauthor of the excellent book Character Limit: How Elon Musk Destroyed Twitter, which came out in 2024. I can’t recommend it enough. I wanted to have Ryan on the show because we’re on the cusp of the SpaceX IPO, which promises to be one of the most consequential public offerings in history for a variety of reasons — its biggest-ever size, of course, at nearly $2 trillion dollars, but also because all...

The Verge 6d ago

When IPOs go wrong: SpaceX, AI firms face a delicate process

When IPOs go wrong: SpaceX, AI firms face a delicate process SAN FRANCISCO, June 3 : Beware the ghosts of IPOs past. SpaceX and Anthropic are preparing for what may be the biggest public-market launches in U.S. history, with OpenAI rumored to be close behind. That will put the companies' chiefs in the sights of the buttoned-down world of Wall Street, even as they sell moonshots in the form of rockets and artificial intelligence software that occasionally makes up answers.

Channel News Asia 7d ago

The €3trn question: Can markets handle SpaceX, OpenAI and Anthropic all at once?

Three of the most valuable companies ever created are going public within months of each other. The combined value of SpaceX, OpenAI and Anthropic could reach $4 trillion (€3.44trn). Wall Street is excited but also nervous.

Euronews 2d ago

Trading Day: War clouds and tech wobbles

Trading Day: War clouds and tech wobbles ORLANDO, Florida, June 3 : Escalating tensions in the Middle East and a wave of profit-taking in AI and tech shares cast a long shadow over markets on Wednesday, depressing the price of stocks and bonds while lifting the dollar and oil. In my column today, I look at why Japan may be "in the money" from its FX interventions. This runs counter to the view that the yen's slide back to previous intervention levels means Tokyo's efforts to support its...

Channel News Asia 6d ago

OpenAI wants a trillion-dollar debut. Here's how it stacks up against history's biggest IPOs

OpenAI wants a trillion-dollar debut. Here's how it stacks up against history's biggest IPOs CNA takes a look at the five biggest IPOs in history and how the companies are faring. SINGAPORE: From artificial intelligence giants to private space companies, some of the world's most valuable firms are inching closer to the stock market.

Channel News Asia 1d ago

'Big Short' investor Michael Burry is not impressed with Anthropic valuation

America’s popular investor, Michael Burry who is also known for predicting the 2008 housing crash in the US has now cast doubt on the sky-high valuations of both Anthropic and SpaceX, warning that hype rather than fundamentals is driving investor enthusiasm. As reported by Business Insider, in recent Substack discussions, Burry said that he sees little justification for Anthropic’s nearly $1 trillion valuation, calling its AI model business “far too expensive” and unsustainable in the long...

Times of India 6d ago