Articles by Michael Okonkwo
SpaceX Bond Sale Draws $85B in Orders Amid Rising Short Interest
SpaceX's $25 billion bond sale saw $85 billion in orders, enabling debt refinancing and AI and rocket project funding without shareholder dilution, even as short interest climbs.
Micron's Strategic Investment Boosts Anthropic Ahead of IPO, Financial Transparency Key
Micron Technology secures a strategic investment and supply deal with Anthropic ahead of its IPO, as the AI firm faces pressure to disclose key financial metrics like gross margin.
OpenAI's $100B Ad Revenue Goal Fuels IPO Ambitions Amid Cost Challenges
OpenAI expects $2.5B in ad revenue this year, projecting $100B by 2030, as it rolls out ChatGPT ads in emerging markets to strengthen its case for a $1T IPO.
Oaktree-Backed ITG Targets $2.67B Valuation in Nasdaq IPO
ITG seeks up to $2.67 billion valuation in Nasdaq IPO, with most proceeds going to debt repayment. High customer concentration and cancellable backlog are key investor concerns.
Lime Targets $180.9M IPO, Uber Stake and Debt Guarantee in Focus
Lime aims to raise up to $180.9 million in its IPO, with Uber potentially purchasing $20 million in shares. Most proceeds will repay a $115 million debt guaranteed by Uber.
SpaceX's Thin Float Test: Lessons for Anthropic and OpenAI IPOs
SpaceX stock fell 21% from its peak, highlighting how a tiny tradable supply can cause massive swings, with implications for Anthropic and OpenAI's IPO plans.
SpaceX Stock Slips Amid Profit-Taking and AI Deal Doubts
SpaceX (SPCX) trades at $185, down 18% from its $225.64 high, as profit-taking and debate over the $60 billion Cursor/Anysphere deal weigh on shares.
SpaceX IPO Honeymoon Fades as Lockups, ETF Flows, and Retail Rules Stir Volatility
SpaceX shares closed at $185 in its first public week, down from a high of $225.64, as ETF flows, lock-up expirations, and retail restrictions add supply concerns.
Israeli Drone Maker UVision Targets $4B Nasdaq IPO Amid Defense Market Shifts
Israeli defense firm UVision Air, controlled by Aaron Frankel, targets a $3.5-4 billion valuation in its Nasdaq IPO set for July or August, aiming to raise $500 million to $1 billion.
Kardigan Surges 37.5% in Nasdaq Debut After $400M Upsized IPO
Kardigan closed at $22, up 37.5% from its $16 IPO price, after raising $400 million in an upsized Nasdaq debut, highlighting renewed investor appetite for large biotech IPOs.
SpaceX Shares Stabilize After Sharp Decline, Index Inclusion in Focus
SpaceX shares ended Thursday nearly flat at $185, recovering from a 10% intraday drop, as traders eye index inclusion and a possible $20 billion bond offering.