SpaceX’s planned Nasdaq listing under the ticker “SPCX” could become the biggest IPO ever, with reported valuations around $1.75 trillion to $1.77 trillion. Retail investors may receive an unusually large allocation, though analysts warn the shares could be volatile and overvalued.
Posts tagged as “Tesla”
SpaceX is seeking to raise $75 billion in a record IPO that would value the company at roughly $1.75 trillion. The company proposed a $135 share price ahead of an expected Nasdaq debut next week, though the final price remains uncertain.
SpaceX files for an IPO without specifying fundraising goals, revealing financials and plans across space, satellite internet, and AI sectors.
Elon Musk testifies in court accusing OpenAI of breaking its nonprofit promise by prioritizing profit. The trial could impact OpenAI’s future and Musk’s own AI ventures.
David Anthony Burke, known as d4vd, is arrested on suspicion of murdering 14-year-old Celeste Rivas Hernandez, whose dismembered body was found in his Tesla last year. The case is under review by the Los Angeles District Attorney.
The S&P 500 and Nasdaq hit record highs Wednesday as investors remain optimistic despite ongoing Iran conflict and rising energy prices. Strong corporate earnings and expectations of de-escalation in the Middle East have fueled the rally.
The House Ethics Committee will hold a rare public hearing to investigate Democratic Representative Sheila Cherfilus-McCormick of Florida for allegedly misappropriating $5 million in federal pandemic relief funds and using some of the money to finance her 2022 congressional campaign. Cherfilus-McCormick denies the charges, which include theft, money laundering, and illegal campaign contributions, stemming from an indictment related to overpayments made to her family’s company holding a FEMA contract. The bipartisan committee will determine if she violated House rules, with potential penalties including censure or expulsion, despite her legal team's request to delay and close the hearing until her criminal trial concludes.
Tesla has refuted claims from a Wall Street Journal report suggesting that its board of directors was searching for a new CEO to replace Elon Musk. Tesla Chair Robyn Denholm publicly declared the report "absolutely false," emphasizing that no recruitment firms had been engaged for a CEO search. Despite the initial report, Tesla's shares remained stable, indicating that investors were not significantly impacted by the leadership rumors or the company's subsequent denial.