Articles by Michael Okonkwo
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.
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.