SpaceX Shares Rise in Premarket, Set to Extend Gains After Record IPO
SpaceX's market value exceeded $2 trillion following its record-breaking Nasdaq debut, hailed as the largest IPO in history, with investor demand fueling early gains.
- On Monday, SpaceX shares rose around 6% in premarket trading, extending momentum from the company's record-breaking Nasdaq initial public offering last week.
- The stock jumped 19% on Friday, closing at $161 from an initial $135 price, pushing SpaceX's market capitalization above $2 trillion.
- CFRA issued a 'sell' rating with a $115 price target, citing the firm's "extremely ambitious growth strategy," while New Street Research initiated coverage with a $165 target.
- Morningstar analyst Nicolas Owens valued the firm at $63 per share on June 8, describing the stock as "overvalued" despite more bullish sentiment from other analysts.
- Capital expenditures at SpaceX reached $10.1 billion for the three months ended March, up from $4.1 billion last year, as the firm prioritizes artificial intelligence following its February merger with Elon Musk's startup.
35 Articles
35 Articles
After SpaceX's Nearly $2 Trillion IPO, Is Bezos's Blue Origin Still In The Space Race? - SpaceX (NASDAQ:S
Elon Musk’s SpaceX (NASDAQ:SPCX) on Friday pulled off the biggest IPO in history, pricing near $1.78 trillion, then jumping about 19% on debut to close above $2 trillion. Weeks earlier, rival Blue Origin watched a rocket explode on the pad in a fireball compared to a nuclear blast. The timing stung, because the Jeff Bezos-backed Blue Origin had been closing the gap between the two space companies. A week before the blast, Bezos told CNBC the com…
SpaceX rises 6% in premarket trading after $2 trillion valuation debut
SpaceX shares jumped in premarket trading on Monday following its record-breaking debut last week on the Nasdaq, which marked the biggest initial public offering in history. Shares of SpaceX were around 6% higher at the start of premarket trading, hovering around the $170 mark. SpaceX jumped 19% on Friday with the stock closing at $161...
SpaceX shares jump over 9% as record IPO gains extend into second day
SpaceX shares surged 9.2% to $176 on 15 June, following a historic Nasdaq debut. Valued at over $2 trillion, SpaceX has become the sixth-largest US public company, surpassing Tesla. The debut attracted investor interest in AI-related firms.
SpaceX set to extend rally after record Wall Street debut
Shares of SpaceX rose more than six per cent in early trading on Monday, adding to gains after a blockbuster debut last week that pushed the company’s valuation past US$2 trillion and cemented its position among the world’s most valuable companies.
Coverage Details
Bias Distribution
- 43% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
