SpaceX joins NASDAQ-100, $SPCX slides 5% on first day

The post Musk’s Fortune Drops $50 Billion In SpaceX Selloff appeared on BitcoinEthereumNews.com. Topline Elon Musk’s net worth dropped more than $50 billion Tuesday as SpaceX shares tumbled, even as Wall Street banks raved about the rocket maker’s potential, including one that praised Musk’s firm’s potential impact on humanity as “bigger than any company’s we’ve ever seen.” Shares of the rocket maker hovered over their debut price, even as Wall Street lauded the firm’s potential. Getty Images Key Facts Shares of SpaceX plunged by nearly 7% Tuesday to below their $150 debut price, while Tesla shares dropped by more than 4%. Musk, who holds 4.8 billion SpaceX shares and another 350 million stock options, as well as roughly 700 million Tesla shares, had his net worth cut by $58.2 billion as a result, dropping it to $941.2 billion. Several investment brokers opened coverage of SpaceX’s stock on Tuesday, the most bullish of which came from Raymond James analyst Brian Gesuale, who wrote his

The post SpaceX (SPCXB) Draws $300 Morgan Stanley Overweight in Coverage Debut appeared on BitcoinEthereumNews.com. SPCXB News SpaceX (SPCXB) drew its first heavyweight Wall Street endorsement as Morgan Stanley opened coverage with an Overweight rating and a $300 base-case price target, alongside a $600 bull case. Analyst Adam Jonas reframed the newly listed company not as a rocket launcher but as an artificial-intelligence infrastructure platform, arguing its Starlink satellite network and low-latency connectivity will underpin autonomous vehicles, robots and drones. The base target implies roughly 90% upside from recent trading near $160. Jonas projected revenue could reach about $319 billion by 2030 and $3.3 trillion by 2040, driven primarily by Starlink and AI rather than traditional launch services. A second catalyst arrives with SpaceX’s entry into the Nasdaq-100 Index. JPMorgan estimates the inclusion could trigger roughly $4.3 billion in automatic purchases by passive investmen

The post What SK Hynix’s Nasdaq debut and SpaceX’s Nasdaq 100 entry mean for investors appeared on BitcoinEthereumNews.com. The Nasdaq is likely to take center stage for two of the market’’s most closely watched companies this week, although for very different reasons. South Korean memory chip giant SK Hynix is preparing to launch one of the largest American Depositary Receipt (ADR) offerings ever seen in the United States, while recently listed SpaceX is set to join the Nasdaq 100 just weeks after completing the largest IPO in history. Although these events are different, both represent important milestones that could significantly influence investor demand. In each case, Nasdaq is making the companies more accessible to global investors, expanding institutional and retail ownership and potentially attracting billions of dollars of passive capital. Yet history suggests that improved accessibility does not always translate into immediate share price gains. Could SK Hynix’s Nasdaq ADR L

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 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 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

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. According to research notes released by Morgan…