Tech IPO

SpaceX shares end first week of trading up 37% from IPO price

Volatility is likely to continue as investors weigh lofty expectations for future revenue growth without a clear path to achieving them

GCash, owned by mobile payment firm Mynt, is now the Philippines' largest platform for cashless transactions. 

Fintech titans GCash and Maya test IPO goals as Philippine market thins

The profitable rivals backed by Globe Telecom and PLDT are taking different routes to market

At its current market capitalisation, SpaceX is less than US$135 billion away from overtaking Amazon.com, which boasts a nearly US$2.7 trillion value.

SpaceX surges 20% in first full day of trading to add US$412 billion in value

The move boosts the company’s market value to more than US$2.5 trillion

Retail investors took 20 per cent in SpaceX's IPO.

Retail investors face tighter limits than funds in SpaceX IPO flipping

Underwriters and brokerage platforms impose market restrictions on flipping because it can destabilise the stock

SpaceX’s heft may soon land it in portfolios of investors who are not particularly interested in owning it.
MARK TO MARKET

Silent kingmakers: Market index providers are driving public investors into SpaceX and Big AI

This may sustain demand for AI hardware powering the best performing Asian markets, and perhaps lift some of the worst laggards too

Saudi Arabian Prince Alwaleed Talal first threw his lot in with Elon Musk in 2022.

SpaceX surge further boosts Saudi billionaire prince’s fortune

Alwaleed Talal’s investment firm holds 42.4 million shares in SpaceX, valued at US$6.8 billion

SpaceX's IPO, the biggest in US history, vaulted the firm's value above two Mag 7 members.

Mag 7? Mangos? SpaceX IPO forces name rethink on Wall Street’s tech-stock moniker

With trillion-dollar contenders waiting in the IPO wings, the Mag 7 club may soon need a name change

SpaceX's shares were indicated to open around US$175 a share, or about a 30 per cent jump from its US$135 IPO price.

SpaceX set to surge past US$2 trillion valuation in blockbuster Nasdaq debut

The landmark listing cemented Musk’s status as the first trillionaire ever

SpaceX has made history with the biggest-ever IPO, launching it into the top ranks of the largest public companies.

SpaceX’s record IPO said to draw over US$350 billion in demand

SPACEX’s historic US$75 billion IPO drew more than US$350 billion in demand from institutions and retail investors, according to people familiar with the matter.

News that SpaceX would bar Chinese investors from its IPO was reported earlier by Bloomberg.

China investors being shut out as some American AI firms, including SpaceX, go public: sources

Washington has been focused on keeping artificial intelligence out of China’s reach