Saturday, June 13Saturday, June 13Story Timeline
9 days · 11 summary articles
SpaceX’s initial public offering on Friday became the largest in financial history, catapulting Elon Musk past the $1 trillion mark on paper and forcing Wall Street to rethink its most hallowed stock groupings. Shares in the rocket company closed at $161.11 in New York, valuing SpaceX at more than $2 trillion and pushing Musk’s combined stake in SpaceX and Tesla above the trillion-dollar threshold for the first time .
Bankers marketed SpaceX as the vanguard of a space-based economy, persuading investors to overlook $2.5 billion in annual losses and to accept governance terms that leave Musk with untrammelled control. The IPO raised $127 billion, surpassing Saudi Aramco’s 2019 record and underscoring the enduring appetite for Musk’s long-term vision despite near-term red ink .
Critics warned that the hype masked structural risks. Anders Schelde, chief investment officer of Denmark’s Akademiker Pension, told Handelsblatt that the concentration of power in Musk’s hands and the absence of meaningful shareholder rights made SpaceX a “warning signal” rather than a blue-chip holding . The IPO also reignited debate over the so-called Magnificent Seven, with analysts at Brussels Morning arguing that SpaceX’s outsize influence now demands a rethink of the tech-stock moniker .
The listing capped a week in which global equity markets surged, aided by new Nasdaq rules and the Federal Reserve’s dovish pivot under Chair Lisa Cook. Yet the SpaceX debut stood apart, drawing crowds to the exchange floor and prompting comparisons to the dot-com era. “It was a historic day—not just for finance, but for anyone who has ever looked up at the stars and wondered,” said one Nasdaq trader quoted by Handelsblatt .
With Musk’s fortune now tethered to volatile public equities, the IPO’s legacy will hinge on whether SpaceX can translate vision into sustainable cash flow. For now, Wall Street has voted with its wallets: the largest IPO in history is complete, and the age of Muskonomics has entered a new phase.
2 further sources not geolocated
Историческое IPO. Каким получился дебют SpaceX на бирже. Рассказываем в пяти пунктах .
meduza · about 3 hours ago
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gdeltproject.org · about 3 hours ago
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gdeltproject.org · about 3 hours ago
Polymer Capital Management HK LTD Takes $629,000 Position in Ryanair Holdings PLC $RYAAY
gdeltproject.org · about 3 hours ago
Financial Data Security Gets Major Boost as New Cyber Rules Reshape Banking Industry Beijing, China, June 13 – Brussels Morning Newspaper — Financial data security has become a growing priority for regulators and financial institutions as governments worldwide increase efforts to strengthen cybersecurity protections. New regulatory measures and evolving digital threats are placing financial data security at the center of risk management strategies across the banking, insurance, securities, […]
brussels morning · about 3 hours ago
Mag 7? MANGOS? SpaceX forces name rethink on Wall Streets tech-stock moniker reut.rs/4g22r2X
bluesky bot · about 3 hours ago
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protothema · about 3 hours ago
Πιερρακάκης από το ECOFIN: Δεν μπορεί να υπάρξει ενοποιημένη κεφαλαιαγορά με 27 διαφορετικές εποπτικές προσεγγίσεις Με αναφορά στη βρετανική σειρά «Yes Minister» ο Έλληνας πρόεδρος του Eurogroup επιχείρησε να αποδομήσει την τεχνική πολυπλοκότητα της συζήτησης για την Ένωση Αποταμιεύσεων και Επενδύσεων, υποστηρίζοντας ότι ο τελικός στόχος είναι απλός
protothema · about 3 hours ago
Größter Börsengang der Geschichte: SpaceX knackt Zwei-Billionen-Marke TOP-THEMA-SpaceX knackt beim Börsendebut Zwei-Billionen-Marke - Schlusskurs 161,11 Dollar
tagesspiegel · about 3 hours ago
Interview: Investment-Chef: „Den Hype um SpaceX sehe ich als Warnsignal Anders Schelde von der dänischen Pensionskasse Akademiker Pension meidet SpaceX. Auch, weil Aktionäre so wenig Mitspracherecht haben wie noch nie.
handelsblatt · about 3 hours ago
Elon Musk becomes first trillionaire on paper after SpaceX IPO The SpaceX initial public offering has pushed Elon Musks combined holdings in the rocket company and Tesla past the $1 trillion mark on paper, marking the first time an individual has reached this valuation in public wealth rankings although the fortune remains tied to volatile equity.
yenisafak · about 3 hours ago
Haben SpaceX und Co. jetzt Bitcoin in der Anlegergunst verdrängt? [premium] Markt. Technologiekonzerne brauchen Geld und saugen mit Kapitalerhöhungen und Börsengängen den Markt aus. Wie geht es nun weiter?
die presse · about 3 hours ago
How Wall Street pulled off the biggest IPO in history for SpaceX Bankers convinced investors to believe in a sci-fi strategy, overlook steep losses and hand full control to Elon Musk
financial times · about 3 hours ago
Magnificent Seven Stocks Face Major Wall Street Rethink as SpaceX Influence Grows New York, United States, June 13 – Brussels Morning Newspaper — Magnificent Seven stocks remain among the most influential assets in global financial markets, but a growing debate on Wall Street is raising questions about whether the famous group still accurately represents the companies driving innovation and investor returns. The discussion has intensified as private […]
brussels morning · about 3 hours ago
Nasdaq: Fans, Ex-Mitarbeiter, Aktien-Nerds: Viele reisten weit, um den SpaceX-IPO zu erleben Auf Elon Musk warteten viele Schaulustige an der Nasdaq vergeblich. Doch trotzdem war es für viele ein historischer Tag – für die Finanzbranche und auch ganz persönlich.
handelsblatt · about 3 hours ago