Though the gains have tapered somewhat during the most recent June 18 stock market session, acquiring SpaceX (NASDAQ: SPCX) shares during the initial public offering (IPO) would have been a highly lucrative move already in the equity's first week.
SpaceX (SPCX) shares may have tumbled in recent sessions, but Oppenheimer remains convinced that the space infrastructure and AI giant is poised for significant upside as the year unfolds. In a research note this morning, analyst Timothy Horan touted SPCX's recent acquisition of Cursor – an artificial intelligence coding firm – which he believes could drive the stock to a high of $250 by year-end.
Despite significant apprehensions many investors have about its massive valuation, SpaceX NASDAQ: SPCX has been on a meteoric rise in its early days of trading. The pesky valuation concern—coupled with an unusually small float and the potential for significant pressure on insiders to sell shares down the line—means that many investors who might otherwise be tempted to enter a position in SPCX may instead choose not to, at least not in the immediate aftermath of the largest-ever IPO.
SpaceX (NASDAQ:SPCX) stock is down 7% on Thursday, June 18, sliding to $179 a day after the Federal Reserve's latest policy decision.
SpaceX (NASDAQ: SPCX) received a bullish endorsement from Arete on Thursday, June 18, which initiated coverage of the newly public aerospace company with a ‘Buy' rating and a Street-high SpaceX stock price target of $401.
On a recent Diet TBPN segment, John Coogan and callers Quinn Thompson and Nick Carter spent a chunk of the show trying to make sense of what happened to SpaceX's (NASDAQ:SPCX) after-hours quote and what it meant for a deal most retail investors had never heard of.
Vanda Research's Viraj Patel walked CNBC viewers through one of the strangest sessions of the year on June 16, with a direct message: Retail investors sold the rest of the market to fund a single bet on SpaceX (NASDAQ:SPCX).
SpaceX (Nasdaq: SPCX) finally hit the public markets, and within hours of the opening bell, the loudest voices on the Prof G Markets podcast were already calling the top.
SpaceX (NASDAQ:SPCX) stock is trading near $197 midday Wednesday, easing 2.5% after a blistering debut week.
Elon Musk's Space Exploration Technologies (NASDAQ:SPCX) finally inked the deal to acquire AI coding agent Cursor, a move that was rumored well before SpaceX had its IPO.
SpaceX's $60B Anysphere deal could boost its enterprise AI push after a $75B IPO, but execution risks and Cursor growth remain key tests.
SpaceX (NASDAQ:SPCX) stock is in pullback mode this morning, trading down 6% to $189 after briefly clearing the $210 mark this morning.