Markets, earnings, deals, and the macro shifts that move them. Reported for readers who already know the basics.
SpaceX shares closed at $160.95 on their Nasdaq debut, pushing the company's market cap past $2 trillion and lifting Google's roughly 4.9% stake to approximately $100 billion, even as founders Elon Musk and Larry Page remain personally estranged.
Sara Montes de Oca · 44 DAYS AGO
SpaceX's IPO on Friday created thousands of new millionaires and several billionaires, prompting Baird to flag wealth advisory firm Andersen Group as a beneficiary, while Sen. Adam Schiff criticized the wealth concentration the listing represents.
Sara Montes de Oca · 45 DAYS AGO
SpaceX's Nasdaq debut on June 12, 2026 is minting thousands of employee millionaires and igniting a fierce competition among wealth management firms to capture tens of billions of dollars in newly liquid assets.
Jay Goldberg · 46 DAYS AGO
SpaceX began trading Friday on the Nasdaq under ticker SPCX after raising $75 billion at $135 per share, valuing Elon Musk's rocket and AI company at $1.77 trillion in the largest IPO on record.
Sara Montes de Oca · 46 DAYS AGO
The Supreme Court ruled 6-3 on Thursday that private plaintiffs cannot sue under the Investment Company Act of 1940 to void fund bylaws, reversing a lower court victory for activist hedge fund Saba Capital and siding with funds affiliated with BlackRock and other asset managers.
Sara Montes de Oca · 47 DAYS AGO
Oppenheimer set a $190 price target with an outperform rating, while New Street Research issued a $165 target ahead of SpaceX's Nasdaq debut on Friday, with both firms projecting substantial gains from the $135 IPO price.
Jay Goldberg · 47 DAYS AGO
SpaceX is set to debut on the Nasdaq this Friday under the ticker "SPCX," four times oversubscribed but presenting what one veteran options trader calls the biggest hedging challenge in nearly three decades, with no publicly traded peers and options trading not beginning until June 16.
Sara Montes de Oca · 48 DAYS AGO
AI Financial Corp., formerly Alt5 Sigma, says it has "substantially mitigated" the going-concern risks flagged in May, but its stock remains at 65 cents — below Nasdaq's $1 minimum — after a 92% decline tied to its $1.5 billion bet on a Trump family-backed cryptocurrency.
Sara Montes de Oca · 48 DAYS AGO
Autonomous EV freight trucking company Einride surged as much as 90% on its Nasdaq debut Wednesday after completing a SPAC deal that valued the company at $1.35 billion, down from an original $1.8 billion target set in November.
Sara Montes de Oca · 48 DAYS AGO
Super Micro Computer shares dropped 9% in after-hours trading Tuesday after the company announced $7 billion in equity-related financing deals, even as it disclosed $39 billion in AI server orders from more than 20 customers.
Sara Montes de Oca · 49 DAYS AGO
Rivian has begun delivering its R2 SUV to reservation holders and pulled the timeline for its $45,000 entry-level model forward to next summer, as the company bets on high-volume sales to achieve profitability.
Sara Montes de Oca · 49 DAYS AGO
The Trump family was entitled to roughly $500 million from a 2025 crypto deal with Alt5 Sigma, while the company — now called AI Financial Corp. — has lost more than 90% of its stock value and warned it may not survive as a going concern.
Sara Montes de Oca · 49 DAYS AGO
Alphabet's $80 billion stock sale to fund AI infrastructure, combined with surging data center costs and a jobs report that extinguished rate-cut hopes, has raised fears that Amazon, Microsoft, and Meta may need to follow with their own large equity offerings.
Sara Montes de Oca · 51 DAYS AGO
Iran fired ballistic missiles at northern Israel on Sunday, jeopardizing a ceasefire with the U.S. and pushing stock futures lower as markets face a week packed with inflation data and the SpaceX IPO.
Jay Goldberg · 51 DAYS AGO
Spot ETFs tracking the HYPE token from Bitwise, 21shares, and Grayscale attracted nearly $160 million in combined assets within days of launch, even as bitcoin and ether ETFs shed value amid a broad crypto selloff.
Sara Montes de Oca · 52 DAYS AGO
Family offices completed 51 direct investments in May, highlighted by a $225 million commitment to Pickleball Inc. and a $12 million Series A for GPS sports gear startup PlayerData, signaling the sector's growing appeal as an alternative asset class.
Jay Goldberg · 53 DAYS AGO
S&P Global said it will not change its S&P 500 eligibility requirements, blocking SpaceX from swift index entry after its record-targeting $1.75 trillion IPO. The move leaves SpaceX ineligible due to a $4.94 billion net loss reported in 2025.
Sara Montes de Oca · 54 DAYS AGO
Broadcom reported fiscal Q2 revenue of $22.19 billion, up 48% year over year, and AI semiconductor revenue surging 143% to $10.8 billion — but shares dropped after CEO Hock Tan held his multiyear AI targets steady rather than raising them.
Sara Montes de Oca · 55 DAYS AGO
Written for readers who already know the basics — markets, AI, and the policy decisions that shape both.