Morgan Stanley backs SpaceX as Wall Street sees massive upside ahead

SpaceX's Nasdaq-100 entry highlights the volatility of large IPOs and the impact of index inclusion on stock dynamics and investor sentiment. The post SpaceX joins NASDAQ-100, $SPCX slides 5% on first day appeared first on Crypto Briefing.

The post The Space Industry Boom: SpaceX IPO Ignites Investor Interest in Rocket Lab and AST SpaceMobile appeared on BitcoinEthereumNews.com. Key Takeaways In mid-June, SpaceX completed its public offering with a record-breaking $2 trillion market capitalization Investment analyst Jonathan Siegmann from Stifel maintains Buy ratings on SpaceX, Rocket Lab, Kratos, Applied Aerospace, MDA Space, and Spire Global The Neutron launch system from Rocket Lab, designed to carry approximately 30,000 pounds to orbit, is scheduled for initial operations in late 2026 An $8 billion acquisition of satellite communications provider Iridium Communications by Rocket Lab is underway With strategic alliances including Verizon and AT&T, AST SpaceMobile is projected to see 340% revenue expansion in 2027 The space industry witnessed a transformative moment in mid-June 2026 when SpaceX launched its initial public offering, establishing itself as the largest market debut in financial history. The aerospace pion

The post Corning (GLW) Stock Plunges 24% in Four Days — Why Wall Street Remains Optimistic appeared on BitcoinEthereumNews.com. Key Takeaways Corning shares have declined 24% across four consecutive trading days, settling near $186.96 and erasing $52.4 billion in market capitalization. The decline mirrors a broader retreat from AI-linked equities rather than company-specific concerns. Oppenheimer elevated its price target to $230 while maintaining an Outperform rating, describing the pullback as a “compelling entry opportunity.” Bank of America increased its target to $243, sustaining a Buy rating as Q2 results approach. Year-to-date, GLW remains up 114% in 2026 and has surged 255% over the trailing twelve months. Corning (GLW) stock has emerged as one of 2026’s top performers, propelled by robust AI-driven optical networking demand. However, the past week has delivered a sharp reversal. Corning Inc, GLW Shares declined another 4% to $186.96 during Tuesday’s session, marking the fourth

The post SpaceX IPO powers record $3.86 billion in tokenized equities trading in June appeared on BitcoinEthereumNews.com. Tokenized equities posted record trading activity in June as investors piled into blockchain-based versions of SpaceX (SPCX) stock following the aerospace company’s blockbuster initial public offering. On-chain trading volume climbed 145% from May to $3.86 billion, according to CoinDesk Data’s latest Stablecoins & Tokenized Assets report. Tokenized SpaceX shares accounted for $1.19 billion of the total, or about 31% of all tokenized equity trading during the month. The surge followed SpaceX’s $75 billion IPO, the largest on record, which valued the company at roughly $1.8 trillion on a fully diluted basis. Backpack Securities’ SPCX token was the most popular tokenized version of the stock, with $1.08 billion in onchain trading volume, followed by xStocks’ SPCXx, which reached $852 million. The figures point to a change in what is driving demand for tokenized equiti

A Tesla-SpaceX merger could reshape the tech landscape, raising regulatory scrutiny and highlighting potential conflicts of interest. The post Tesla stock could rise 20% on potential SpaceX merger, analyst says appeared first on Crypto Briefing.

The post Tether Equity Stake Sale: Richard Heathcote’s Planned Exit appeared on BitcoinEthereumNews.com. One of the most opaque corners of the crypto industry just got a rare crack of light. Richard Heathcote, the former chief investment officer of Tether Holdings SA, is planning a Tether equity stake sale — offloading part of his 1.26% holding in the issuer of USDT, the world’s largest stablecoin by circulating supply. The process is being managed by Wall Street investment bank PJT Partners, according to Bloomberg, which first reported the development citing sources not authorized to speak publicly. Key takeaways Richard Heathcote holds a 1.26% stake in Tether Holdings SA and is selling part of it via PJT Partners. No buyer or sale price has been disclosed; negotiations are ongoing. Heathcote stepped down as CIO in March 2026 and moved into a non-executive advisory role, replaced by deputy Zachary Lyons. Tether has historically disclosed almost nothing about its capitalization table o

The post Morgan Stanley backs SpaceX as Wall Street sees massive upside ahead appeared on BitcoinEthereumNews.com. Elon Musk’s SpaceX has secured fresh buy ratings from several major Wall Street banks, with Morgan Stanley assigning a base-case price target of $300 as the stock prepares to join the Nasdaq-100 Index. Summary Morgan Stanley leads fresh Wall Street buy calls with a $300 base-case and $600 bull-case target for SpaceX. JPMorgan estimates Nasdaq-100 inclusion could trigger about $4.3 billion in passive fund buying. SpaceX shares eased before the index debut despite bullish analyst ratings and strong institutional interest. According to research notes released by Morgan Stanley, Goldman Sachs, Citigroup, and other investment banks, analysts expect further gains for SpaceX despite the stock pulling back after its recent rally. The latest recommendations come just before the company enters the Nasdaq-100, an event that JPMorgan estimates could trigger about $4.3 billion in autom

The post Johnson & Johnson (JNJ) Stock Surges Past Record High as Wall Street Raises Price Targets appeared on BitcoinEthereumNews.com. Key Highlights JNJ reached a record peak of $264.98 before climbing further to $268.69, posting a 3.70% daily gain Year-over-year total returns stand at an impressive 71% Guggenheim elevated its price objective to $270 with a Buy rating, projecting Q2 sales of $25.48 billion The company increased its quarterly payout to $1.34 per share from $1.30, extending its dividend growth streak to 55 years Major institutional players including Vanguard, State Street, and Norges Bank have significantly expanded their stakes Johnson & Johnson shares reached unprecedented territory on Tuesday, initially touching $264.98 before advancing to $268.69 — representing a 3.70% intraday increase. This valuation positions the healthcare giant’s market capitalization at approximately $646.8 billion. Johnson & Johnson, JNJ Over the trailing twelve-month period, shares have cli