Retail investors received a fraction of SpaceX shares requested in its IPO, leading to mixed reactions. Some sold immediately, while others plan to hold long-term, despite concerns over the company's $2 trillion valuation and upcoming lockup expirations.
SpaceX shares rose sharply post-IPO, driven by Elon Musk's projection of $1 trillion annual revenue by 2030. The company raised $75 billion in its record IPO, with retail investors playing a key role. Crypto markets also saw increased activity in SpaceX-linked derivatives.
Mike Ashley's Frasers Group has launched a takeover bid for Australian footwear business Accent Group, offering 65 Australian cents a share. This follows a recent near-€2bn offer for Hugo Boss, highlighting a spree of acquisitions by the British billionaire.
Australian pharmaceutical group Sigma Healthcare has dropped its $10bn pursuit of UK retail chain Boots, stating the deal would not meet its strategic and capital investment objectives. The withdrawal extends uncertainty for the 177-year-old chain, which was put up for sale in 2022. Sigma shares rose 6% on the news.
A managing director of an independent retail business highlights the severe challenges facing small businesses, including rising costs and declining disposable income, mirroring the crisis in the restaurant industry. She calls for urgent government action to prevent widespread closures.
Suite à la mort de Lyhanna, Bruno Retailleau critique le CSM et propose une cour disciplinaire pour les magistrats, estimant que les sanctions actuelles sont inefficaces. Parallèlement, la Cour de cassation rouvre la voie à un procès pour meurtre concernant le policier impliqué dans la mort de Nahel, faute de justification de la requalification des faits. Enfin, la Défenseure des droits alerte sur la crise de la protection de l'enfance, avec 46 recommandations pour l'État.
SpaceX's IPO highlighted the ambiguity in crypto exchanges' equity-linked instruments. Products ranged from actual shares to tracker certificates and perpetual futures, each with distinct risks and ownership claims.
Bruno Retailleau propose la création d'une "cour disciplinaire de la magistrature" pour sanctionner les juges, estimant que les mécanismes actuels sont inefficaces. Il cite le cas de Lyhanna et le faible nombre de sanctions prises par le CSM.
An analysis of 652 token listings since January 2025 reveals that retail investors have lost half their stake on average, with a median return of -82%. This highlights the risks associated with new token listings on major exchanges.
SpaceX's IPO on Friday saw massive trading volume and a closing price above $160, resulting in a market capitalization exceeding $2.1 trillion. Despite initial concerns about retail allocation, the stock opened at $150 and closed nearly 20% higher, with analysts discussing its potential to redefine mega-cap stocks.
SpaceX's historic IPO saw overwhelming demand from retail investors, with 30% of shares allocated to individuals. This surge propelled Elon Musk to become the world's first trillionaire, as the company's valuation neared $2 trillion on its first day of trading.
Bruno Retailleau a annoncé sa candidature à l'élection présidentielle de 2027, la qualifiant de "dernière chance" pour la France. Actuellement troisième dans les sondages d'intentions de vote, il fait face à des obstacles au sein de son propre parti, Les Républicains.
Amidst a shift by industrial and commercial consumers to retail fuel stations for lower prices, the Indian government has empowered itself to temporarily restrict bulk purchases of petrol and diesel from pumps. This measure aims to prevent shortages, hoarding, and diversion of supplies meant for ordinary consumers. The new order allows for restrictions on fuel procurement through retail outlets when deemed necessary in the public interest, potentially limiting sales to 200 liters per customer per day and prohibiting resale.
GameStop has renewed its Bitcoin options contract with Coinbase, trading potential price gains for upfront cash. The deal involves pledging Bitcoin as collateral, generating income but limiting upside and introducing counterparty risk for shareholders.
The world's richest man has successfully taken his rocket company public in what is being described as the world's largest Initial Public Offering (IPO).
Major crypto exchanges like Binance, Kraken, Bybit, and Gemini are integrating direct trading of US stocks and ETFs into their platforms. This move challenges Wall Street's century-old dominance in retail brokerage, offering 24/7 trading, stablecoin settlement, and a unified app experience for both crypto and equities.
India's retail inflation climbed to 3.93% in May, up from 3.48% in April, primarily due to rising food and fuel prices. Despite this increase, inflation remains below the Reserve Bank of India's 4% target for the 16th consecutive month, allowing policymakers room to support economic growth. The RBI has raised its FY27 inflation forecast to 5.1%.
SpaceX's upcoming IPO is highly anticipated, but most retail investors are unlikely to profit significantly due to share allocation and pre-baked valuation. While more shares are reserved for average investors than typical, demand far outstrips supply, leaving most with minimal gains.
SpaceX's IPO has drawn over $70 billion in retail investor orders, with at least 20% of shares allocated to them, potentially leaving many unsatisfied and amplifying post-listing demand, in what could be the largest IPO ever at $75 billion.
Over $1 billion traded in SpaceX-linked perpetual futures in 3 days as investors front-run the highly anticipated IPO, despite warnings from market history on potential first-year losses and regulatory scrutiny over governance and valuation risks.
SpaceX's upcoming IPO will allocate a smaller portion to retail investors than initially anticipated, with around 20% reserved for individual buyers. This suggests strong institutional demand for the highly anticipated offering.
Despite a push for omnichannel retailing, India's major retailers have experienced minimal growth in e-commerce's share of total revenue since 2021-22. Online sales increased in absolute terms, but the pandemic-driven surge in digital sales did not sustain, with some retailers seeing flat or only 1-2 percentage point increases.
Crypto platforms are providing international retail investors with alternative avenues, such as prediction markets and synthetic assets, to speculate on SpaceX's upcoming IPO, bypassing traditional Wall Street gatekeepers.
SpaceX's IPO is seeing massive demand, with retail investor orders surpassing $100 billion (approx. 153 trillion KRW). The company aims to raise $75 billion by selling shares at $135 each, but retail allocation is limited to 20%, suggesting many orders may not be filled.
