Business
S&P 500 Snapshot: Late Week Rally Pushes Index Into Green
Business partnerships can try men’s souls—never mind the wallets of those who invest in them. So far, though, the tie-up between super-investors Bruce Flatt, CEO of Brookfield, and Howard Marks, co-chairman of Oaktree Capital Management, seems to be mostly friction-free and fruitful.
These reports, excerpted and edited by Barron’s, were issued recently by investment and research firms. The reports are a sampling of analysts’ thinking; they should not be considered the views or recommendations of Barron’s. Some of the reports’ issuers have provided, or hope to provide, investment-banking or other services to the companies being analyzed.
SpaceX’s IPO saw shares soar 19% Friday, with the rocket-maker ending its first day as the sixth-most valuable public company in the U.S. An army of individual investors bought into Elon Musk’s vision of putting data centers in space to support the rise of AI.
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Shares in SpaceX SPCX 19.22%increase; up pointing triangle soared 19% Friday as Elon Musk’s rocket maker pulled off the largest initial public offering ever and one of the smoothest in recent history.
The company, valued at $1.77 trillion when it sold $75 billion worth of shares a day earlier, ended its first day of trading with a market value of $2.1 trillion, putting it ahead of Broadcom and Tesla to make it the sixth-most valuable public company in the U.S.
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