WATCH: Why investors can't get enough of SpaceX
Josh Schafer explains what's fueling SpaceX's stock surge and what it could mean for future AI company IPOs.
Josh Schafer explains what's fueling SpaceX's stock surge and what it could mean for future AI company IPOs.
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Josh Schafer explains what's fueling SpaceX's stock surge and what it could mean for future AI company IPOs.
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"There's a ton of short-dated call buying in these names as a way to get long SpaceX," Danny Kirsch, head of options trading at Piper Sandler, said.
If you're looking for something a little more terrestrial, there's one stock that investors are overlooking.
SpaceX set a fixed price of $135 per share in the leadup to its IPO on Friday, placing its valuation at $1.77 trillion. Shares rallied more than 25%.
With SpaceX seeking an IPO valuation of nearly $1.8 trillion, early bets are poised to generate some of the biggest paper gains in venture capital history.
The S&P 500 index, where trillions in retirement savings are invested, said no to the SpaceX IPO, the biggest in history. Here's what that means for portfolios.
SpaceX operates rockets, spaceflight, telecommunications, and AI β but Elon Musk now wants to establish a self-sustaining city on Mars, with at least 1 million inhabitants.