Articles by Michael Okonkwo
Destiny Tech100 Surges on SpaceX IPO Filing Rally
Destiny Tech100 shares surged 18.1% to $57.40 midday Thursday, driven by SpaceX's IPO filing and the fund's 14.5% exposure to the rocket company.
VIDA Global Surges After IPO as AI Agent Platform Gains Traction
VIDA Global shares soared 81.2% to $4.15 on Wednesday, extending gains in pre-market trading, after the AI agent software company's IPO and insider buying.
Rocket Lab Stock Drops on $3B Share Sale Plan Amid SpaceX IPO Buzz
Rocket Lab shares slid 5.6% in premarket after filing to sell up to $3 billion in common stock, coinciding with SpaceX's IPO filing that reshapes sector valuations.
SpaceX IPO Could Deliver $91.6B Windfall for Early Backer Gracias, Raising Governance Concerns
Antonio Gracias holds 7.3% of SpaceX Class A stock, potentially worth $91.6B. Filing reveals $20B+ in AI lease obligations tied to Valor-linked entities, adding governance issues.
SPCK ETF Rises as SpaceX Files for $75B IPO Under Former Ticker
SPCK closed up 0.64% at $22.09 after SpaceX filed for a $75 billion IPO under the fund's former ticker SPCX, amid a busy new-issue calendar.
OpenAI Nears Confidential IPO Filing, Eyes September Debut
OpenAI is preparing to file confidentially for an IPO as soon as this week, targeting a September debut with a potential $1 trillion valuation.
Vida CEO Buys $1.19M in Shares After AI IPO Stumbles
Vida Global CEO Lyle Pratt bought $1.19M in shares after the AI firm's $15M IPO fell 42.8%. The stock closed at $2.29, well below the $4 offer price.
Micware Stock Rebounds in Premarket After Nasdaq Debut Plunge
Micware shares rebounded sharply in premarket trading Wednesday, nearly doubling after a steep decline on its Nasdaq debut. Toyota disclosed an 11.6% stake in the company.
Viavi Solutions Plunges on $500M Stock Offering for Debt Reduction
Viavi Solutions shares dropped 7.1% after-hours Tuesday after the company announced a $500 million stock offering to repay debt, potentially adding 10.1 million new shares.
Jury Rejects Musk's OpenAI Lawsuit, Clears Path for IPO
A jury unanimously ruled against Elon Musk's lawsuit against OpenAI, stating the case was filed too late. The decision lifts a major legal risk as OpenAI eyes a potential IPO.
Destiny Tech100 Jumps on SpaceX IPO Hype, AI Holdings Under Scrutiny
Destiny Tech100 (DXYZ) rose over 10% in premarket trading Monday as SpaceX IPO speculation intensifies, despite the fund's premium to NAV and risks tied to its AI holdings.