YieldMax has launched another single-stock option-income fund, this time built around one of the market's most-watched newcomers: SpaceX.
SpaceX (SPCX) shares fell more than 3% on Thursday as investors awaited the company's delayed Starship test flight, a mission widely viewed as a key catalyst for the newly public space and artificial intelligence company. The stock traded around $111.35 in early trading after tumbling 6.7% on Wednesday, extending a volatile stretch following its record-setting initial public offering.
Shares of Elon Musk's space empire, Space Exploration Technologies (NASDAQ:SPCX | SPCX Price Prediction), have been in free fall in recent weeks, recently falling to $115 and change, close to $20 off the IPO price.
After its initial strong rally that took the equity to its all-time high of $225.64, SpaceX (NASDAQ: SPCX) stock entered a downturn that saw it crash below the initial public offering (IPO) price of $135 and to $115.26 at the latest close.
Veteran economist Peter Schiff has warned that the sharp decline in SpaceX (NASDAQ: SPCX) stock could be a warning sign for other high-cap assets that have benefited from investor enthusiasm.
The European chip maker, which also counts Apple and Tesla among its clients raised its revenue target after having had upgraded its forecast in June.
AT&T Chairman and CEO John Stankey appeared on a Wednesday, July 22, CNBC interview tied to the company's Q2 earnings call to push back against the narrative that satellite operators like SpaceX's Starlink pose an existential threat to legacy telecom carriers.
SpaceX (SPCX) shares remain in focus after Elon Musk issued a pointed warning to those betting against his space infrastructure and artificial intelligence (AI) company. In his latest post on X, the billionaire wrote: “Survival probability of firms who maintain significant short position in SPCX over time is very low.
Cathie Wood is doing the Cathie Wood thing again. SpaceX (NASDAQ:SPCX | SPCX Price Prediction) is down 38% from its recent peak and trading below its IPO price; the lockup clock is ticking, and the founder of the firm that manages $30 billion in assets just told Fox Business on July 22, 2026, that the company “could become the most important company in history.
Dallas-headquartered AT&T Inc (T) is extending gains on Wednesday morning after reporting Q2 earnings that came in handily above Street estimates. The company posted $31.56 billion in revenue – up 2.3% on a year-over-year basis – on $0.65 per share of earnings (EPS), representing an exciting 20.4% increase from last year.
ARK Invest allocated $80 million to SpaceX after its IPO, and CEO Cathie Wood remains bullish even as the stock sheds nearly $1.4 trillion in market value.
Wall Street remains overwhelmingly bullish on SpaceX (NASDAQ: SPCX) ahead of the company's first earnings report as a publicly traded firm on August 4, 2026.