Articles by Michael Okonkwo
ARK Invest Acquires 3.3 Million SpaceX Shares on IPO Day, Exits Teradyne, Iridium, Archer
ARK Invest acquired nearly 3.3 million SpaceX shares on its IPO day, funding the purchase by selling stakes in Teradyne, Iridium, Twist Bioscience, and Archer Aviation.
SpaceX IPO Surge Sparks Debate Over $2.1 Trillion Valuation
SpaceX soared 19% on its Nasdaq debut, closing at $160.95 and giving it a $2.1 trillion market cap, but a 112 price-to-revenue ratio and over $4 billion in annual losses fuel investor debate.
Quantinuum Shares Dip Below IPO Price Amid Quantum Sector Scrutiny
Quantinuum (QNT) closed at $55.26, 8% below its $60 IPO price, as market participants reassess the company's valuation amid ongoing losses and heavy reliance on a single customer.
SpaceX Shares Hold Above IPO Price as Options and Index Inclusion Loom
SpaceX's SPCX shares remain above the $135 IPO price, trading at $160.95 after raising $75B. Options trading could begin Tuesday, with index inclusion also on the horizon.
SpaceX CFO Bret Johnsen Becomes Billionaire After Record $75B IPO
SpaceX CFO Bret Johnsen is now a billionaire after the company's record $75B IPO. Shares rose 19% on debut, pushing market cap above $2 trillion, though analysts question the valuation.
SpaceX Soars 19% in Record $75B IPO, Retail Investors Get 20% Allocation
SpaceX shares surged over 19% in its Nasdaq debut after a record $75 billion IPO, with retail investors receiving 20% of the allocation.
SpaceX IPO Propels Musk to Trillionaire Status
SpaceX's historic IPO raised $75 billion, the largest ever, and pushed Elon Musk's net worth above $1 trillion, making him the world's first trillionaire.
137 Ventures Reaps $20B Windfall as SpaceX IPO Surges Past $2T
SpaceX went public at a record $75 billion IPO, closing with a $2.1 trillion market cap. Early investor 137 Ventures' 1% stake is now worth roughly $20 billion.