SA Asks: Space Stocks Sold off on Friday; Should You Buy the Dip?

Seeking Alpha04:50

Cathie Wood's ARK Invest Goes All in on SpaceX After Blockbuster IPO Debut

Seeking Alpha02:20

Trending Stocks This Week as Investors Cheer SpaceX IPO, Diplomacy Hopes

Seeking Alpha01:57

Jim Cramer Says SpaceX's Mega Debut Could Unleash A Wave Of AI Deals In The Week Ahead

BenzingaJun 13 17:07

SpaceX 'bleeds' investors dry; U.S. space sector stocks plunge

SpaceX surged 19% on its first day of trading, with retail investors purchasing $120 million worth of shares, surpassing NVIDIA to top the retail buying list. Peers suffered heavy losses, with Rocket Lab down 11%, Virgin Galactic plunging 32%, and the Procure Space ETF closing 7% lower. Analysts noted that investors had previously bought shares in peer companies as 'placeholder positions' ahead of SpaceX's listing and are now shifting their positions accordingly.

wallstreetcnJun 13 06:25

A $2 trillion aerospace giant arrives! SpaceX surges 19% in its debut as investors pour over $350 billion into what is set to be the largest IPO in history.

SpaceX's indicative opening price was nearly 30% higher than its IPO price, and the stock surged by more than 30% shortly after listing. By market close, SpaceX ranked sixth by market capitalization on U.S. exchanges, with Tesla in eighth place. Other space-related stocks plummeted, with Virgin Galactic falling over 30%. According to reports, institutional investor demand for SpaceX's IPO exceeded $250 billion, yet nearly one-third of institutions received no allocation; retail orders surpassed $100 billion but were allocated only 20%. At the bell-ringing ceremony, Elon Musk stated that the company’s public listing marked a significant step toward humanity’s interstellar civilization. SpaceX President Gwynne Shotwell said the IPO would accelerate the expansion of Starship and Starlink.

wallstreetcnJun 13 05:08