Articles by Michael Okonkwo
Wall Street Ends Week Higher on Oil Drop, SpaceX Rocket Launch
U.S. stocks rose on Friday as oil prices declined on optimism about a U.S.-Iran deal, and SpaceX's IPO surged 28% on its first day.
Elon Musk's Net Worth Nears $1.2 Trillion as SpaceX Surges Post-IPO
SpaceX shares jumped 27.5% above the $135 IPO price to $172.16, valuing the company at $2.26 trillion and boosting Elon Musk's net worth to as high as $1.20 trillion.
SpaceX Shares Surge on Nasdaq Debut, Fast-Track Index Inclusion Ahead
SpaceX shares surged 24% above its $135 IPO price in its Nasdaq debut, closing at $167.83, as the market eyes fast-track Nasdaq 100 inclusion and the company's heavy AI spending.
SpaceX's Record $75B IPO Pressures Tesla as Investors Shift Musk-Linked Capital
SpaceX's record $75 billion IPO at $135 per share values the company at $1.77 trillion, exceeding Tesla and Meta. Tesla shares dropped nearly 10% as investors sold TSLA to buy into SpaceX's retail allocation, raising concerns about capital shifts.
Planet Labs Surges on SpaceX IPO Buzz, Dilution Risks Loom
Planet Labs surged 11% as space stocks rallied ahead of SpaceX's $75B IPO, but a $1.5B at-the-market program and ongoing losses raise dilution concerns.
EchoStar Soars on SpaceX IPO Hopes, But Debt and Revenue Woes Loom
EchoStar stock rallied on SpaceX IPO excitement, but the company faces a $183 million interest payment deferral and declining core revenue.
SpaceX Record IPO Sets Stage for OpenAI and Anthropic Public Listings
SpaceX's record IPO at $75 billion, valuing it at $1.77 trillion, sets a new benchmark as OpenAI and Anthropic prepare for their own public offerings.
SpaceX IPO Debuts at $1.77 Trillion, High Valuation and Low Free Float Key Concerns
SpaceX's IPO priced at $135 per share, giving it a $1.77 trillion valuation. The stock starts trading with only 7% of shares freely tradable, and analysts have mixed views on its fair value.
SpaceX's Record-Breaking $75B IPO Debuts at $135 Per Share
SpaceX completed the largest IPO in history, raising $75 billion by selling 555.6 million shares at $135 each. Trading begins Friday on Nasdaq.
Rocket Lab Stock Rides SpaceX IPO Wave, Analyst Stays Neutral
Rocket Lab shares jumped 9.26% to $114.78 as SpaceX IPO speculation reignites interest in space stocks, even as KGI Securities initiates coverage with a Neutral rating and $105 target.