Articles by Michael Okonkwo
SpaceX Stock Rebounds 23% as Share Float Swells 143%
SpaceX (NASDAQ:SPCX) closed Friday up 15.8% at $133.11, recovering from post-earnings losses as investors absorbed a 143% increase in share float. Q2 revenue surged 91.9% to $7.81B.
SpaceX Stock Rebounds 23% Post-Lockup, Testing Cramer's Century Prediction
SpaceX shares recovered 23% last week after a turbulent lockup period, closing near its IPO price. Q2 revenue surged 92%, but capital spending remains a concern.
Figma Faces Supply Test as 77.7M Shares Unlock After Earnings Drop
Figma (FIG) faces a supply test as 77.7 million shares unlock Friday, adding pressure after a 14.9% earnings-driven decline.
SpaceX Faces $99B Lockup Expiry as AI Spending Surges
SpaceX (NASDAQ:SPCX) faces a $99B lockup expiry on August 6, potentially doubling float. Q2 capex surged to $18.37B, 86% AI-focused, but shares fell 13.6%.
Bending Spoons to Acquire Airtable in $2.25B Deal, Enterprise Value at 2.7x ARR
Bending Spoons (NASDAQ:BSP) will acquire Airtable for $2.25 billion in cash, valuing the core business at $1.285 billion (2.7x ARR) after net cash.
Jersey Mike's Recovers to $23 as Debt Concerns Loom
Jersey Mike's (NYSE:JMKE) shares recovered to $23 on Friday, erasing its debut decline, yet elevated debt and slowing same-store sales growth continue to pose challenges.
Apnimed Surges 56% in Nasdaq Debut as FDA Decision Looms
Apnimed (NASDAQ:APMD) closes its first day up 56% at $25, valuing the company near $1 billion as the FDA reviews its sleep apnea treatment.
Jersey Mike's IPO Stumbles: Shares Drop Below Offer Price
Jersey Mike's (JMKE) fell 5.96% on its NYSE debut, erasing $435M in market value—more than its IPO proceeds. The stock closed at $21.63.



