Tag: market
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SpaceX set to surpass Amazon’s market cap as post-IPO rally continues
June 16 : Shares of Elon Musk’s SpaceX rose more than 10 per cent in premarket trading on Tuesday, putting the company on course to overtake Amazon.com in market value to become the world’s fifth‑largest company, as it extended a post-IPO rally.The stock, which surged more than 19 per cent on Monday, was la
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US-Iran deal: When will oil prices fall?
A potential US-Iran deal to end the war and reopen the Strait of Hormuz could ease the global energy crunch, but oil prices and supplies may take months to stabilize as shipping restarts and infrastructure recovers.
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Instant View: Markets cheer deal but see staying elevated
June 15 : Stocks and bonds rallied and the dollar fell in Asia trade on Monday after the U.S. and Iran agreed a peace deal to re-open the Strait of Hormuz and lift a U.S. blockade on Iran.U.S. crude futures fell more than 4 per cent, S&P 500 futures rose about 0.8 per cent and…
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SpaceX IPO makes Elon Musk world’s first trillionaire
SpaceX floated on the Nasdaq stock exchange on Friday, with shares trading 25% above the opening price at one point. The IPO has made Musk the world’s first trillionaire, at least on paper.
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Space stocks slump as blistering rally cools after SpaceX market debut
June 12 : U.S. space stocks tumbled on Friday as investors rushed to lock in gains on the day of SpaceX’s market debut, snapping a months-long rally fueled by anticipation over the blockbuster IPO.The Elon Musk-led company jumped 28 per cent, clinching a valuation of over $2 trillion as both institutional inv
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SpaceX IPO makes Musk a paper trillionaire
Elon Musk’s SpaceX company has floated on the Nasdaq stock exchange, with shares climbing more than 25% above the opening price. This makes Musk the world’s first paper trillionaire, at least by market capitalization.
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Lost Gulf oil exports far smaller than thought, traders and shippers say
LONDON, June 12 : Since the start of the Iran war and Tehran’s announcement that the Strait of Hormuz was “closed”, the market has grappled to put a figure on lost crude supply and to predict the price of oil.Initial calculations were simple: add up all non-Iranian Gulf crude oil exports, some 12 million to…
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SpaceX trading to kick off after record IPO, with hopes for first-day surge
June 12 : The frenzy for SpaceX shares will kick off on Friday when the Elon Musk-led company makes its long-awaited Nasdaq debut, testing whether unprecedented investor demand can translate into a blockbuster opening for the world’s biggest IPO.Days of hoopla around the debut now turn to what will be one of
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How Musk’s tactics left investors clamoring for SpaceX stock and ignoring risks
NEW YORK, June 12 : In recent years, Elon Musk has been picky about whom he allowed to buy in to SpaceX, the rocket ship company making its highly anticipated stock market debut this week.One investor said that when SpaceX was privately held, he used a connection with a cousin of the billionaire entrepreneur
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After record IPO, Musk’s SpaceX faces next test in market debut
June 12 : SpaceX is set to begin trading on Nasdaq on Friday after investors poured $75 billion into the world’s biggest IPO ever, betting that Elon Musk’s lofty space, communications and AI ambitions can justify a $1.77 trillion valuation. The landmark listing cemented Musk’s status as the first trillionaire
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