SpaceX shares fell Wednesday after a significant surge post-IPO, with investors evaluating the company's fundamentals against its high valuation and Elon Musk's ambitious growth plans.
Jaguar Land Rover (JLR) announced plans to increase hybrid car production and focus on growth in the US, delaying its full transition to electric vehicles. The company aims to double its US business by selling 250,000 more luxury cars to wealthy Americans, while also investing £18bn between 2024-2029.
US Treasury yields saw minimal change on Wednesday as markets awaited the Federal Reserve's policy meeting, the first under new Chair Kevin Warsh. Investors anticipate interest rates will remain unchanged, but are keen to observe Warsh's communication style and potential views on future policy.
UK inflation held steady at 2.8% in May, defying expectations of a rise. This suggests the Middle East conflict's impact on living costs may be less severe than feared, despite high fuel prices. Economists are downgrading inflation forecasts and questioning future interest rate hikes.
Uzbekistan's capital, Tashkent, is hosting the fifth Tashkent International Investment Forum, attracting foreign leaders, investors, and business executives. Discussions cover investment, infrastructure, AI, and access to capital, with a focus on economic diplomacy and bilateral meetings.
Experts urge Indian high-net-worth investors to look beyond short-term market fluctuations for wealth protection. A long-term strategy focusing on global diversification, risk reduction (inflation, taxes, concentration), and business fundamentals is recommended for multi-generational wealth preservation.
A secret US-Iran agreement, set to be signed Friday, has ignited a political firestorm in Washington regarding potential financial gains for Tehran, with estimates ranging from billions in oil revenue to a $300 billion reconstruction fund.
Jim Cramer stated that investors are drawn to SpaceX not for its current earnings, but for Elon Musk's proven ability to build transformative businesses. He believes the "cult of Musk" drives the company's high valuation, citing its diverse ventures like Starlink and data centers, and its recent acquisition of AI startup Cursor.
Korean retail investors, dubbed 'Seohak Ants', purchased over 1.23 trillion won (approximately $808.5 million) worth of SpaceX stock on its Nasdaq debut on the 12th (local time). This massive single-day investment in one stock is unprecedented in recent times, surpassing previous record-holding ETFs.
SpaceX's post-IPO trading, under ticker SPCX, resembles a crypto asset due to its extremely small public float. The stock's rally is fueled by limited supply and high demand, amplified by leveraged crypto derivatives and a new AI acquisition, but faces skepticism over its $3 trillion valuation.
The Indian rupee depreciated by 2 paise to close at 94.60 against the US dollar on Tuesday, halting a two-session gain. Despite easing crude oil prices and optimism over a US-Iran peace deal, foreign capital outflows from Indian equities capped the rupee's rise.
SpaceX options trading volume is surging, with over a million contracts traded, surpassing major ETFs. Investors are placing "cheap bets" on massive stock price increases, with calls significantly outpacing puts, indicating strong bullish sentiment.
SpaceX's $75 billion IPO on June 12 saw its shares soar, but crypto traders holding pre-IPO tokens were left empty-handed as platforms like Binance and Bybit canceled offerings due to failed allocations, exposing a gap in tokenized IPO access.
US Treasury yields remained largely unchanged on Tuesday as investors anticipate the Federal Reserve's policy meeting. Expectations for inflation and interest rate hikes are easing, partly due to a provisional peace agreement between Washington and Tehran that could reopen the Strait of Hormuz.
SpaceX is acquiring AI coding startup Cursor for $60 billion in stock. The deal aims to bolster SpaceX's AI division, which merged with Elon Musk's xAI, and help it compete with major AI labs.
SpaceX is set to acquire AI coding startup Cursor for $60 billion in stock, aiming to bolster its AI division, which merged with Elon Musk's xAI. The deal follows SpaceX's recent IPO and aims to accelerate its AI capabilities.
Zepto, a leading quick-commerce platform in India, has filed draft papers for an IPO, seeking to raise funds for expansion and offering investors a detailed look into its business model. The company aims to address the ongoing debate about the sector's profitability.
Kuwait has launched a new 15-year residency program for eligible foreign investors, business owners, and senior executives to attract global capital and talent. The initiative aims to boost FDI, create jobs, and diversify the economy away from oil, aligning with regional trends like the UAE's Golden Visa.
Nvidia, the world's most valuable company, priced a $25 billion bond offering, its first since 2021. Strong investor demand allowed the chipmaker to enlarge the deal and secure favorable borrowing costs amid steady credit markets.
SpaceX's record-breaking IPO, which targeted global retail investors, excluded South Korean investors entirely. Mirae Asset Securities, a lead underwriter, had its allocation of 2.31 million shares revoked in the final stage, sparking anger among Korean investors.
SpaceX's record-breaking IPO targeted global retail investors, but Korean investors received no shares. Mirae Asset Securities' allocation was fully revoked, sparking anger and an investigation by Korea's financial regulator.
Foreign investors are reallocating billions of dollars within India, moving capital from large-cap companies to mid-cap and growth-focused stocks. This shift indicates a preference for growth potential over traditional value investments, with overall participation in Indian equities increasing.
유럽 개인 투자자들이 스페이스X 공모주식 6억 달러를 배정받았으며, 이는 청약 물량의 4배 이상이었습니다. 영국 투자자들은 더 높은 비율을 배정받았습니다.
SpaceX IPO participants face differing lock-up periods. Individual investors may be restricted from selling for 15-30 days, risking future IPO eligibility, while institutional investors can sell immediately, leading to criticism that individuals are being used as "cannon fodder."
