Articles by Michael Okonkwo
Unitree Robotics Soars 460% in Shanghai Debut
Unitree Technology's shares skyrocketed 460% on its first day of trading in Shanghai, closing at RMB 845 and valuing the robot maker at $50 billion.
AMY Grupo IPO Aims to Raise VND 787 Billion, Debt Repayment Takes Priority
AMY Grupo's IPO enters payment phase, raising VND 787 billion. Most funds go to debt reduction, not expansion, as shares await October listing.
SpaceX Stock Climbs in Premarket as $45.5B Share Lockup Expiry Looms
SpaceX (SPCX) gains 1.5% premarket ahead of a massive share unlock on Aug 20, with 320 million shares worth $45.5B becoming eligible, tripling average volume.
SpaceX's $43.7B Share Unlock Looms as Liquidity Test Approaches
SpaceX (SPCX) faces a 320M share unlock on Aug 20, worth $43.7B, 3.4x Friday's volume. Analysts weigh selling pressure vs. demand as stock trades near IPO price.
SpaceX's $44.8B Share Unlock Looms as Lockup Expiry Approaches
About 320 million SpaceX shares become eligible for sale on August 20, valued at $44.8 billion, 3.5 times Friday's volume. The company's strong revenue growth may offset supply concerns.
SpaceX $44.8B Share Unlock Looms as Trading Volume Set to Triple
SpaceX braces for a $44.8 billion share unlock on August 20, 3.3 times Friday's volume. Stock dips 0.9% to $140, but Q2 revenue jumps 92%.
SpaceX Stock Rebounds 36% Ahead of Key Share Unlock
SpaceX shares climb 36% from lows to $142.71 as investors eye the upcoming August 20 unlock, testing the stock's resilience amid mixed fundamentals.
SpaceX Shares Surge 4% as AI Valuation Debate Heats Up
SpaceX shares rose 4.2% to $138.93, adding $74B in market cap. Q2 revenue nearly doubled, but AI losses and upcoming share unlock present risks.
SpaceX Shares Fall Below IPO Price as Lock-Up Expiry Looms
SpaceX shares fell 5.3% to $131.33, dipping under their IPO price, with a 320 million-share lock-up expiry approaching on August 20.
SpaceX Stock Dips 5.5% Ahead of August 20 Share Unlock
SpaceX (SPCX) dropped 5.5% to $131.04, 2.9% below its IPO price, as investors brace for a 320 million-share unlock on August 20. Q2 revenue nearly doubled, but capex surged.
SpaceX Stock Dips as Massive Share Unlock Looms
SpaceX shares dropped 4.5% as a 320-million-share unlock on Aug 20 looms, representing 3.4 days of average volume. Q2 revenue surged 92%.
Unitree Robotics IPO Draws 8,289x Retail Demand, Valuing Firm at 219x Earnings
Retail investors flooded Unitree Robotics' IPO with orders 8,289 times the available shares, valuing the firm at 219 times earnings. The final allocation rate was just 0.018%.