Articles by Michael Okonkwo
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.
Tech Stock Windfall Creates Tax and Diversification Challenges
SpaceX shares fell over 6% Thursday but are still 30% above $135 IPO price, as tech employees face tax and diversification challenges with concentrated stock wealth.
SpaceX Shares Dip 4.85% in First Full-Session Decline Since IPO
SpaceX shares fell 4.85% to $191.82 in premarket trading, their first full-session decline since the IPO, as investors assess valuation, index flows, and a short trading week.
SpaceX Drops 5% in First Full-Session Loss Since IPO
SpaceX dropped 5% to $192, its first full-session loss since the IPO. The decline came amid a broader market selloff after the Fed signaled a possible rate hike.
SpaceX IPO Fuels 2X Leveraged ETF Surge; SPCH Hits New Highs
SPCH ETF jumped 10.9% premarket to $23.16 after SpaceX's IPO rally, leveraging daily returns. The fund targets experienced investors but carries amplified risks.
SLBT Shares Surge After Volatile Nasdaq Start; SPAC Risks Remain
SLBT jumped to $18.90 in early Tuesday trading after a 42.59% decline on its Nasdaq debut, driven by liquidity and momentum as investors digest the SPAC merger and PIPE financing.
SpaceX Rally Continues After Record Nasdaq Debut, Index Inflows Loom
SpaceX shares climbed 19.6% to $192.50 on Monday, pushing its market cap to $2.52 trillion. Underwriters exercised the greenshoe, raising $85.7 billion. Index additions and options trading are upcoming, but analysts flag overvaluation.