Articles by Michael Okonkwo
Voyager Technologies Stock Surges on Bullish Analyst Initiation and SpaceX IPO Buzz
Voyager Technologies shares jumped 17% after BTIG initiated coverage with a Buy rating and $55 price target, with the rally amplified by growing investor enthusiasm for space and defense stocks ahead of SpaceX's IPO.
Momentus Shares Surge 42% on Space Sector Momentum and SpaceX IPO Buzz
Momentus Inc. shares jumped over 42% to $16.13 on heavy volume, riding a space sector rally tied to SpaceX IPO expectations. The company reports $76M cash, zero debt, and progress on its Vigoride 7 mission.
Robinhood Surges as IPO Underwriting Nod Opens New Revenue Streams
Robinhood shares jumped 3% to $86.36 as the broker gains approval to underwrite IPOs, moving closer to Wall Street's core. The move comes as SpaceX's IPO draws massive retail demand and CFTC weighs event contract regulations.
SpaceX IPO Draws Record $250 Billion in Orders, Priced at $135
SpaceX's $75 billion IPO is 3.5x oversubscribed with $250 billion in orders, priced at $135 a share for a $1.75 trillion valuation. Starlink growth offsets a $4.94 billion net loss and 94x price-to-sales ratio.
Parabilis Medicines Rockets 58% in Nasdaq Debut After Record $670M IPO
Parabilis Medicines (PBLS) closed at $31.60 on its first trading day, a 58% jump from the $20 IPO price, after raising $670 million.
ERock Stock Falls Below IPO Price on NYSE Debut Amid AI Power Contract Doubts
ERock (EROC) fell 12.37% in its NYSE debut, closing at $18.84 as investors worried about its $1.28B AI data-center backlog.
Apollo and Blackstone Fuel Anthropic's $35B AI Compute Expansion Ahead of IPO
Apollo and Blackstone are funding a $35B AI compute expansion for Anthropic, which filed for an IPO after a $65B funding round valued it at $965B.
SpaceX IPO Oversubscribed by $175 Billion as AI Orbital Compute Hype Grows
SpaceX's $75 billion IPO has attracted over $250 billion in investor demand, but Morningstar values the stock 53% below the offer price, highlighting risks tied to Starship and orbital AI compute.
SpaceX IPO Draws Record Demand, Pressuring Tesla Shares
Tesla shares fell 3% as SpaceX's record-breaking IPO, with over $250 billion in demand, gives investors a new Musk-linked bet, potentially diverting capital from growth stocks.


