Business
SpaceX Launches. The Future Remains Murky.
The former England goalie does not want costly kit to be a bar to anyone hoping to play football.
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The latest Market Talks covering Basic Materials. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.
1431 ET – Gold finishes up 3.1%, while silver gains 6.2% as a preliminary deal to end the three-and-a-half-month conflict between the U.S. and Iran appears within reach. “Gold prices are largely moving in line with statements from President Trump and continue to remain affected by broader macro factors,” says ADM Investor Services in a note. While gold and silver close the day higher, they finish the week with losses. Gold off 2.8% to $4,215 a troy ounce, and silver down 1.6% to $67.859 a troy ounce for the week. (kirk.maltais@wsj.com)
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SPS Commerce: Amazon Weakness Has Created A Buying Opportunity
Taiwan launches website for Chinese nationals to report intelligence
Tesla, SpaceX, and the Battle to Be Musk’s Most Valuable Company
NBA-Knicks defeat Spurs to snap 53-year NBA title drought
The IPO is done. Trading has begun. The SpaceX drama, however, is just beginning.
SpaceX completed its record-setting IPO on Thursday, and it closed just under $161 on Friday, up 19% from the $135 IPO price, valuing Musk’s rocket company at $2.1 trillion.
Now investors have to brace for SpaceX to be included in the Nasdaq 100 inclusion, which should happen in two weeks. That will drive $7 billion to $10 billion in buying. After that, the company will release its first quarterly earnings report, likely in July. That will be an event unto itself. After that, some shares will start to come off lockup, increasing the number of shares available to trade.
5 Reasons I Will Never Buy an IPO #finance #wealth #money #tyler
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