18 days ago
Imprisoned hip-hop mogul Sean "Diddy" Combs will remain in federal lockup for an additional two months, according to Bureau of Prisons records, after a news report exposed numerous prison rules he has been violating behind bars.
Combs is serving a 50-month sentence at the federal prison at Fort Dix in Southern New Jersey after he was found guilty of two Mann Act violations at his sensational New York trial last summer. A jury of 12 acquitted the near-billionaire of the more serious federal charges of racketeering and **** trafficking, rejecting prosecutors' case that Combs Enterprises staff formed a top-down criminal enterprise or that his "freak off" parties constituted **** trafficking.
More from The Hollywood Reporter
Sean "Diddy" Combs Reportedly Ran Fort Dix Prison Cell Like a Luxury Suite With Paid Staff
Tupac Murder Trial Highlights a Persistent Diddy Conspiracy Theory
#imprisoned
Combs is serving a 50-month sentence at the federal prison at Fort Dix in Southern New Jersey after he was found guilty of two Mann Act violations at his sensational New York trial last summer. A jury of 12 acquitted the near-billionaire of the more serious federal charges of racketeering and **** trafficking, rejecting prosecutors' case that Combs Enterprises staff formed a top-down criminal enterprise or that his "freak off" parties constituted **** trafficking.
More from The Hollywood Reporter
Sean "Diddy" Combs Reportedly Ran Fort Dix Prison Cell Like a Luxury Suite With Paid Staff
Tupac Murder Trial Highlights a Persistent Diddy Conspiracy Theory
#imprisoned
23 days ago
Originally appeared on E! Online
Gypsy Rose Blanchard had a vision of what her wedding with Ken Urker would look like before tragedy struck.
Four months before the Life After Lockup star's boyfriend died at the age of 34, Blanchard shared details about an ideal future wedding with Urker if they had chosen to tie the knot one day.
"I don't want to have a quickie wedding. I want to have the big wedding," she shared during a May appearance on The TMZ Podcast. "I want to have the poofy dress."
While 35-year-old—mom to Aurora, 21 months, with Urker—admitted that she and her boyfriend weren't completely sure whether wedding bells were in their future, she emphasized that if they did get married, she wanted the ceremony to be very different from her and ex Ryan Anderson's 2022 prison ceremony.
#want
Gypsy Rose Blanchard had a vision of what her wedding with Ken Urker would look like before tragedy struck.
Four months before the Life After Lockup star's boyfriend died at the age of 34, Blanchard shared details about an ideal future wedding with Urker if they had chosen to tie the knot one day.
"I don't want to have a quickie wedding. I want to have the big wedding," she shared during a May appearance on The TMZ Podcast. "I want to have the poofy dress."
While 35-year-old—mom to Aurora, 21 months, with Urker—admitted that she and her boyfriend weren't completely sure whether wedding bells were in their future, she emphasized that if they did get married, she wanted the ceremony to be very different from her and ex Ryan Anderson's 2022 prison ceremony.
#want
2 months ago
On June 12, Elon Musk's ****** e Exploration Technologies (SpaceX) (NASDAQ:SPCX) burst onto the scene with the largest initial public offering (IPO) in Wall Street's storied history. ****** eX priced its shares at $135, giving the company an initial valuation of $1.77 trillion, and raised a record $85.7 billion from its IPO, including the underwriters' overallotment.
Nearly three months later, ****** eX is set to make history yet again -- albeit the dubious kind.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Image source: Getty Images.
When private companies go public, they announce a lockup period that prevents their insiders, consisting of high-ranking executives, board members, and early investors, from selling shares shortly after the IPO and capitalizing on IPO/retail investor buzz. Commonly, insiders are prohibited from selling their shares for the first 180 calendar days after the IPO.
#SpaceX #flashing #first
Nearly three months later, ****** eX is set to make history yet again -- albeit the dubious kind.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Image source: Getty Images.
When private companies go public, they announce a lockup period that prevents their insiders, consisting of high-ranking executives, board members, and early investors, from selling shares shortly after the IPO and capitalizing on IPO/retail investor buzz. Commonly, insiders are prohibited from selling their shares for the first 180 calendar days after the IPO.
#SpaceX #flashing #first
0.00$ raised of 0.00$ goal
0 donations
0.00$
to go
2 months ago
Institutional investors are beginning to allocate capital to "evergreen" private market funds that Blackstone Inc. (NYSE:BX) and KKR & Co. Inc. (NYSE:KKR) originally built for wealthy individuals, the Financial Times reported.
Evergreen funds let investors access capital at set intervals rather than locking it up for a decade-long private equity fund life. Blackstone's wealth business has seen institutions begin allocating to its evergreen products, though they currently make up "only a small proportion of the capital raised," said Joan Solotar, who leads that business. KKR has separately raised the share of deals its evergreen K-Series funds can take from a longstanding 7.5% cap to as much as 20% in some cases, the FT reported.
Institutional investors are validating years of investment by Blackstone Inc. (NYSE:BX) and KKR & Co. Inc. (NYSE:KKR) in wealth-focused products. Both firms, along with Apollo, have expanded evergreen vehicles for individual investors, and institutions now choosing these funds provide another source of sophisticated capital for the products. That adoption could help Blackstone and KKR expand their wealth-management businesses beyond traditional individual investors.
KKR's renegotiated deal-allocation terms provide another sign of growing demand for its evergreen funds. KKR & Co. Inc. (NYSE:KKR) increased the co-investment cap for its K-Series funds from 7.5% to as much as 20% in vehicles such as its $8 billion European Fund VI. The larger allocation gives KKR's wealth-focused funds access to more investment opportunities and could help the company grow ****** ets and fee revenue from this channel.
Evergreen structures solve a current problem for institutional investors, not just individuals. Many institutions have grown more cautious about committing to traditional private equity as managers have struggled to exit investments and return capital. Evergreen funds' greater liquidity gives institutions an alternative way to stay invested without that same lockup risk.
#investors #capital #institutions #private
Evergreen funds let investors access capital at set intervals rather than locking it up for a decade-long private equity fund life. Blackstone's wealth business has seen institutions begin allocating to its evergreen products, though they currently make up "only a small proportion of the capital raised," said Joan Solotar, who leads that business. KKR has separately raised the share of deals its evergreen K-Series funds can take from a longstanding 7.5% cap to as much as 20% in some cases, the FT reported.
Institutional investors are validating years of investment by Blackstone Inc. (NYSE:BX) and KKR & Co. Inc. (NYSE:KKR) in wealth-focused products. Both firms, along with Apollo, have expanded evergreen vehicles for individual investors, and institutions now choosing these funds provide another source of sophisticated capital for the products. That adoption could help Blackstone and KKR expand their wealth-management businesses beyond traditional individual investors.
KKR's renegotiated deal-allocation terms provide another sign of growing demand for its evergreen funds. KKR & Co. Inc. (NYSE:KKR) increased the co-investment cap for its K-Series funds from 7.5% to as much as 20% in vehicles such as its $8 billion European Fund VI. The larger allocation gives KKR's wealth-focused funds access to more investment opportunities and could help the company grow ****** ets and fee revenue from this channel.
Evergreen structures solve a current problem for institutional investors, not just individuals. Many institutions have grown more cautious about committing to traditional private equity as managers have struggled to exit investments and return capital. Evergreen funds' greater liquidity gives institutions an alternative way to stay invested without that same lockup risk.
#investors #capital #institutions #private
2 months ago
Anthropic's highly anticipated initial public offering (IPO) could feature an unusual approach to insider shares. Rather than the traditional 180-day lockup period for shares, a recent report suggests that Anthropic is considering allowing insiders to sell a portion of their shares during the IPO and subjecting the remaining shares to a lockup period well beyond 180 days.
If the report is true, these IPO criteria stand in contrast to ***** e Exploration Technologies' recent IPO, which released locked-up shares in tranches at designated times up to a year after the IPO. Although Anthropic's reported plan is not conventional as it relates to managing the sale of insider shares, it might be a plan the tech industry needs to consider. Here's why.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Anthropic's Claude AI engine has emerged as an industry leader. To that end, a recent fundraising round valued the company at $965 billion, and it has targeted a $2 trillion valuation with the IPO, making an increasing number of investors anxious to own a stake in Anthropic stock. This means Anthropic could outdo ***** eX with its IPO.
The original plan was to follow a standard 180-day lockup period. Under this plan, founders, employees, and venture capitalists cannot trade for a set number of days. Laws do not require such a limitation, but it has become a standard provision in such contracts.
#shares #plan #lockup #flashing
If the report is true, these IPO criteria stand in contrast to ***** e Exploration Technologies' recent IPO, which released locked-up shares in tranches at designated times up to a year after the IPO. Although Anthropic's reported plan is not conventional as it relates to managing the sale of insider shares, it might be a plan the tech industry needs to consider. Here's why.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Anthropic's Claude AI engine has emerged as an industry leader. To that end, a recent fundraising round valued the company at $965 billion, and it has targeted a $2 trillion valuation with the IPO, making an increasing number of investors anxious to own a stake in Anthropic stock. This means Anthropic could outdo ***** eX with its IPO.
The original plan was to follow a standard 180-day lockup period. Under this plan, founders, employees, and venture capitalists cannot trade for a set number of days. Laws do not require such a limitation, but it has become a standard provision in such contracts.
#shares #plan #lockup #flashing
2 months ago
Amber Eggers had been through a series of serious health battles before her death at age 41.
The Love After Lockup star died Sept. 3 after suffering acute liver failure, her mother, Monica Eggers, confirmed. Amber had been hospitalized in Atlanta several days earlier after feeling unwell.
But a newly resurfaced detail reveals Amber had suffered another frightening health scare just weeks before her death.
According to E! News, Amber shared about a month before she died that she had recently suffered a stroke. The revelation came after a difficult period for the reality star, who had already faced multiple serious medical issues in the previous year.
Amber Eggers/Instagram
#lockup
The Love After Lockup star died Sept. 3 after suffering acute liver failure, her mother, Monica Eggers, confirmed. Amber had been hospitalized in Atlanta several days earlier after feeling unwell.
But a newly resurfaced detail reveals Amber had suffered another frightening health scare just weeks before her death.
According to E! News, Amber shared about a month before she died that she had recently suffered a stroke. The revelation came after a difficult period for the reality star, who had already faced multiple serious medical issues in the previous year.
Amber Eggers/Instagram
#lockup
2 months ago
Anthropic, the developer of the Claude AI models, could be the biggest IPO of the year. Based on recent reports, that IPO might happen within weeks.
The AI start-up is planning to release its IPO prospectus after Labor Day and will be targeting a public listing in late September or early October, according to a report from The Information. It's exciting news for those who have been waiting for an opportunity to invest in Anthropic, but what's most interesting is how the deal is reportedly structured.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
There are a few unique wrinkles in Anthropic's rumored IPO plans. Details leaked to The Information indicate it might allow existing shareholders to sell shares as part of the IPO, and it's also weighing the idea of lockup periods longer than the standard 180 days. In addition, it may require rank-and-file employees to sell shares through preset 10b5-1 plans instead of during post-earnings windows.
All these moves would be a departure from other IPOs this year, including **** e Exploration Technologies, also known as **** eX, and Cerebras. Neither allowed existing shareholders to sell as part of the IPO, and both have tiered lockup periods in which tranches of shares hit the market periodically.
#might #known
The AI start-up is planning to release its IPO prospectus after Labor Day and will be targeting a public listing in late September or early October, according to a report from The Information. It's exciting news for those who have been waiting for an opportunity to invest in Anthropic, but what's most interesting is how the deal is reportedly structured.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
There are a few unique wrinkles in Anthropic's rumored IPO plans. Details leaked to The Information indicate it might allow existing shareholders to sell shares as part of the IPO, and it's also weighing the idea of lockup periods longer than the standard 180 days. In addition, it may require rank-and-file employees to sell shares through preset 10b5-1 plans instead of during post-earnings windows.
All these moves would be a departure from other IPOs this year, including **** e Exploration Technologies, also known as **** eX, and Cerebras. Neither allowed existing shareholders to sell as part of the IPO, and both have tiered lockup periods in which tranches of shares hit the market periodically.
#might #known
2 months ago
Ethena is taking USDe directly to consumers with Ethena Pay, a self-custodial money app offering savings rewards, global transfers, and card spending.
Ethena Pay Goes Live: Ethena launched Ethena Pay, a self-custodial neobank built on Avalanche. The app lets users hold USDe, earn rewards, spend through Visa, and send fiat or crypto globally. The beta starts with 400 users across 49 countries, with the U.S., EU, U.K., and Canada coming later.
Tiered Rewards: Standard users earn 5% on up to $5K with 4% cashback, while Pro and VIP offer 6% yields with higher balance limits and up to 5% cashback. Cashback is paid in AVAX.
New ENA Utility: Users can unlock Pro by locking $2K of ENA or referring 10 users, while VIP requires $10K of ENA or 50 referrals, tying ENA directly into Ethena Pay's rewards system.
Ethena's Busy Week: The launch follows several ENA-focused changes, including investor lockup restructuring, a proposed ENA buyback mechanism, and plans to expand USDe's basis trade into equity perps. Ethena Pay now adds a consumer distribution layer for USDe while creating another use for ENA.
#cashback #custodial
Ethena Pay Goes Live: Ethena launched Ethena Pay, a self-custodial neobank built on Avalanche. The app lets users hold USDe, earn rewards, spend through Visa, and send fiat or crypto globally. The beta starts with 400 users across 49 countries, with the U.S., EU, U.K., and Canada coming later.
Tiered Rewards: Standard users earn 5% on up to $5K with 4% cashback, while Pro and VIP offer 6% yields with higher balance limits and up to 5% cashback. Cashback is paid in AVAX.
New ENA Utility: Users can unlock Pro by locking $2K of ENA or referring 10 users, while VIP requires $10K of ENA or 50 referrals, tying ENA directly into Ethena Pay's rewards system.
Ethena's Busy Week: The launch follows several ENA-focused changes, including investor lockup restructuring, a proposed ENA buyback mechanism, and plans to expand USDe's basis trade into equity perps. Ethena Pay now adds a consumer distribution layer for USDe while creating another use for ENA.
#cashback #custodial
2 months ago
On August 14, 2026, Reuters reported that Alphabet Inc. (NASDAQ:GOOGL) disclosed that its stake in ******* e Exploration Technologies Corp. (NASDAQ:SPCX) was worth about $94 billion as of June 30, 2026, more than 100 times its original $900 million investment from 2015. It is making Alphabet by far ******* eX's largest single institutional shareholder following the company's June initial public offering.
Alphabet Inc. (NASDAQ:GOOGL)'s ******* eX stake is now one of the most lucrative early-stage bets in tech history. A $900 million check from 2015 is worth roughly $94 billion, a gain that dwarfs Alphabet's next-largest disclosed rival holder, Saudi Arabia's Public Investment Fund, whose 154.1 million shares were worth $26.3 billion at the same date. That scale validates Alphabet's willingness to make patient, outsized bets outside its core search business, a track record that could matter the next time Alphabet weighs a similarly bold bet.
Space Exploration Technologies Corp. (NASDAQ:SPCX)'s trading action suggests institutional demand is holding up despite the pullback. The stock got "a fresh jolt of buying" when fears about its first lockup expiry proved unfounded, Interactive Brokers strategist Steve Sosnick told Reuters. It remains one of the most actively traded names among the firm's customers. That kind of resilience right after a lockup, often a moment when early holders dump shares, signals ******* eX's shareholder base isn't rushing for the exits.
SpaceX's ownership base extends well beyond Alphabet, which reduces reliance on any single backer's continued conviction. Reuters' filing review found Fidelity, Saudi Arabia's PIF, Hancock Prospecting, Brookfield, and other major institutions all disclosing sizable stakes. That breadth shows professional investors broadly, not just Alphabet, are underwriting ******* eX's valuation.
Alphabet Inc. (NASDAQ:GOOGL)'s headline number is already stale and shrinking. The stake would be worth about $77.9 billion at ******* eX's August 13 price, Reuters reported, roughly $16 billion below the June 30 figure used in the disclosure, since regulatory filings run on a 45-day lag. Now that ******* eX is public, Alphabet's stake must be marked to market. It means ******* eX's own stock swings could show up as real volatility in Alphabet's reported earnings going forward, a new risk that did not exist while the investment sat private.
#reuters #worth #public
Alphabet Inc. (NASDAQ:GOOGL)'s ******* eX stake is now one of the most lucrative early-stage bets in tech history. A $900 million check from 2015 is worth roughly $94 billion, a gain that dwarfs Alphabet's next-largest disclosed rival holder, Saudi Arabia's Public Investment Fund, whose 154.1 million shares were worth $26.3 billion at the same date. That scale validates Alphabet's willingness to make patient, outsized bets outside its core search business, a track record that could matter the next time Alphabet weighs a similarly bold bet.
Space Exploration Technologies Corp. (NASDAQ:SPCX)'s trading action suggests institutional demand is holding up despite the pullback. The stock got "a fresh jolt of buying" when fears about its first lockup expiry proved unfounded, Interactive Brokers strategist Steve Sosnick told Reuters. It remains one of the most actively traded names among the firm's customers. That kind of resilience right after a lockup, often a moment when early holders dump shares, signals ******* eX's shareholder base isn't rushing for the exits.
SpaceX's ownership base extends well beyond Alphabet, which reduces reliance on any single backer's continued conviction. Reuters' filing review found Fidelity, Saudi Arabia's PIF, Hancock Prospecting, Brookfield, and other major institutions all disclosing sizable stakes. That breadth shows professional investors broadly, not just Alphabet, are underwriting ******* eX's valuation.
Alphabet Inc. (NASDAQ:GOOGL)'s headline number is already stale and shrinking. The stake would be worth about $77.9 billion at ******* eX's August 13 price, Reuters reported, roughly $16 billion below the June 30 figure used in the disclosure, since regulatory filings run on a 45-day lag. Now that ******* eX is public, Alphabet's stake must be marked to market. It means ******* eX's own stock swings could show up as real volatility in Alphabet's reported earnings going forward, a new risk that did not exist while the investment sat private.
#reuters #worth #public
2 months ago
Alibaba Group Holding (BABA) seeks to raise about $10 billion in a share sale.
The Chinese e-commerce and cloud computing giant said it will channel 100% of net proceeds into full-stack AI capabilities.
Alibaba is offering 710 million ordinary shares at HK$112.70 each, a 3.6% discount to Friday's close, according to Bloomberg. The deal would mark the largest-ever primary follow-on offering by a Hong Kong-listed company.
Globally, the deal ranks as the third-largest primary follow-on this year. Only Alphabet's $80 billion raise in June and Intel's $15 billion sale in August were bigger.
The full-stack category covers chips, infrastructure, and the development and deployment of AI models. Alibaba will face a 90-day lockup.
#stack #offering #deal
The Chinese e-commerce and cloud computing giant said it will channel 100% of net proceeds into full-stack AI capabilities.
Alibaba is offering 710 million ordinary shares at HK$112.70 each, a 3.6% discount to Friday's close, according to Bloomberg. The deal would mark the largest-ever primary follow-on offering by a Hong Kong-listed company.
Globally, the deal ranks as the third-largest primary follow-on this year. Only Alphabet's $80 billion raise in June and Intel's $15 billion sale in August were bigger.
The full-stack category covers chips, infrastructure, and the development and deployment of AI models. Alibaba will face a 90-day lockup.
#stack #offering #deal
2 months ago
SpaceX (SPCX) stock closed down for the week, falling back to its IPO price as another share unlock hit and new rocket-competition headlines hit the public float.
SpaceX shares did rise on Friday, though the stock was down over 2% for the week and had dropped below its $135 IPO price.
On Thursday, around 319 million shares held by early employees and investors became eligible to trade, part of a staggered lockup that will release about 88% of ***** eX's 13 billion shares through 2027.
The stock withstood a big unlock earlier this month. On Aug. 6, up to 911.5 million shares became tradable. The stock absorbed it and rose 6%, a massively bullish move.
The larger supply tests are still coming, with a 1.3 billion-share tranche set to unlock around ***** eX's third quarter earnings in early November, followed by the 180-day expiry in December. CEO Elon Musk's 6.42 billion shares stay locked until June 2027.
#Stock #billion #week
SpaceX shares did rise on Friday, though the stock was down over 2% for the week and had dropped below its $135 IPO price.
On Thursday, around 319 million shares held by early employees and investors became eligible to trade, part of a staggered lockup that will release about 88% of ***** eX's 13 billion shares through 2027.
The stock withstood a big unlock earlier this month. On Aug. 6, up to 911.5 million shares became tradable. The stock absorbed it and rose 6%, a massively bullish move.
The larger supply tests are still coming, with a 1.3 billion-share tranche set to unlock around ***** eX's third quarter earnings in early November, followed by the 180-day expiry in December. CEO Elon Musk's 6.42 billion shares stay locked until June 2027.
#Stock #billion #week
2 months ago
DZ Bank's $100 Sell target on SPCX implies a 25% drop from $134, the lone bear call among more than 40 **** yst actions Friday.
Post-IPO lockup expiration unlocks 912 million shares, surpassing the 639 million sold at IPO and amplifying supply pressure on a stock already down 17%.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and **** eX didn't make the cut. Grab the names FREE today.
DZ Bank initiated coverage of **** eX with a Sell rating and a $100 price target on August 21, 2026. Against Thursday's $134 close on a $1.03 trillion company, the target is a rare public bear call on a recently public mega cap, and it deserves a close look from long-term holders.
Ticker
#target #sell #analyst #close
Post-IPO lockup expiration unlocks 912 million shares, surpassing the 639 million sold at IPO and amplifying supply pressure on a stock already down 17%.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and **** eX didn't make the cut. Grab the names FREE today.
DZ Bank initiated coverage of **** eX with a Sell rating and a $100 price target on August 21, 2026. Against Thursday's $134 close on a $1.03 trillion company, the target is a rare public bear call on a recently public mega cap, and it deserves a close look from long-term holders.
Ticker
#target #sell #analyst #close
2 months ago
Eli Lilly (NYSE: LLY) is the most valuable healthcare stock on the U.S. markets, with a valuation north of $1.1 trillion. **** e Exploration Technologies Corp (NASDAQ: SPCX), also known as **** eX, is worth significantly more at $1.8 trillion.
There is, however, a substantial disconnect in value. Eli Lilly's strong growth, financials, and dominance in the GLP-1 **** e justify the stock's rising value over the years. **** eX, however, is fueled mainly by hype and long-term expectations. The overall business is deeply unprofitable.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
The stocks could be heading in different directions from here on out. Could Eli Lilly become more valuable than **** eX by the end of 2026?
Although **** eX stock has only been trading publicly for a couple of months, it's already been highly volatile. It's bounced off lows of around $104 that it hit a few weeks ago, when the panic around its lockup expiration appeared to rattle the **** e stock. But with the company still generating significant losses and its cash burn potentially accelerating in future periods, another disappointing quarter later in the year could send it back into a free fall. Plus, there may still be a wave of insider selling that drags the stock lower. That may happen, particularly if the markets appear shaky later on.
#lilly #flashing #markets
There is, however, a substantial disconnect in value. Eli Lilly's strong growth, financials, and dominance in the GLP-1 **** e justify the stock's rising value over the years. **** eX, however, is fueled mainly by hype and long-term expectations. The overall business is deeply unprofitable.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
The stocks could be heading in different directions from here on out. Could Eli Lilly become more valuable than **** eX by the end of 2026?
Although **** eX stock has only been trading publicly for a couple of months, it's already been highly volatile. It's bounced off lows of around $104 that it hit a few weeks ago, when the panic around its lockup expiration appeared to rattle the **** e stock. But with the company still generating significant losses and its cash burn potentially accelerating in future periods, another disappointing quarter later in the year could send it back into a free fall. Plus, there may still be a wave of insider selling that drags the stock lower. That may happen, particularly if the markets appear shaky later on.
#lilly #flashing #markets
2 months ago
The SEC just formally proposed Regulation Crypto ******* ets, a new offering framework that would let crypto projects raise up to $5M through a one-time startup exemption or up to $75M annually through a tiered fundraising exemption.
The exemptions: The startup lane allows $5M over four years with no accredited-investor requirement or per-investor cap. The fundraising lane allows $75M every 12 months, split into a $20M Tier 1 and $75M Tier 2, with Tier 2 issuers needing audited financials and ongoing reporting, and non-accredited buyers capped at 10% of income or net worth. Tokens sold under either lane wouldn't carry a rule-based resale lockup.
The safe harbor: Once a team finishes, or permanently drops, the managerial work it promised, its token can shed "investment contract" status for good—a formalized version of the concept the SEC's March interpretive guidance first floated. The rule would also preempt state-level securities registration for these offerings and certain secondary trades.
What's missing: The SEC's separate "innovation exemption," expected to let firms tokenize actual securities like stocks and trade them onchain, wasn't part of Tuesday's release. The agency explicitly said it isn't touching registered-offering rules for "digital securities" this round, so tokenized equities on public blockchains remain unaddressed.
Why the delay: CoinDesk reported the tokenization piece had been expected to land alongside the fundraising rule before the SEC abruptly pulled an Aug. 14 meeting. The holdup has been tied to White House concerns about muddying live CLARITY Act talks, internal questions over the SEC's own statutory authority, and Wall Street's SIFMA objecting to using exemptive relief for market-structure changes.
#lane #rule #Crypto
The exemptions: The startup lane allows $5M over four years with no accredited-investor requirement or per-investor cap. The fundraising lane allows $75M every 12 months, split into a $20M Tier 1 and $75M Tier 2, with Tier 2 issuers needing audited financials and ongoing reporting, and non-accredited buyers capped at 10% of income or net worth. Tokens sold under either lane wouldn't carry a rule-based resale lockup.
The safe harbor: Once a team finishes, or permanently drops, the managerial work it promised, its token can shed "investment contract" status for good—a formalized version of the concept the SEC's March interpretive guidance first floated. The rule would also preempt state-level securities registration for these offerings and certain secondary trades.
What's missing: The SEC's separate "innovation exemption," expected to let firms tokenize actual securities like stocks and trade them onchain, wasn't part of Tuesday's release. The agency explicitly said it isn't touching registered-offering rules for "digital securities" this round, so tokenized equities on public blockchains remain unaddressed.
Why the delay: CoinDesk reported the tokenization piece had been expected to land alongside the fundraising rule before the SEC abruptly pulled an Aug. 14 meeting. The holdup has been tied to White House concerns about muddying live CLARITY Act talks, internal questions over the SEC's own statutory authority, and Wall Street's SIFMA objecting to using exemptive relief for market-structure changes.
#lane #rule #Crypto
2 months ago
SPCX slipped below its $135 IPO price after 319M shares unlocked; RKLB fell 3% in pure sector sympathy with no company-specific catalyst.
August's 911M-share unlock lifted SPCX 6%, making today's smaller drop below IPO price a clear signal of weakening market appetite at current levels.
UFO is up 21% YTD, but two larger SPCX unlocks in November and December dwarf today's tranche and make supply pressure a recurring risk.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Rocket Lab didn't make the cut. Grab the names FREE today.
SpaceX (NASDAQ:SPCX) stock is down 6% to $131.86 midday Thursday, slipping below the company's $135 IPO price for the first time since the June debut. Roughly 319 million shares came off lockup this morning, the latest tranche in a staggered release schedule that will eventually free most of the float. A move under the offering price gives sellers a clear reference to trade against as more supply becomes eligible.
#spcx #price #free #shares
August's 911M-share unlock lifted SPCX 6%, making today's smaller drop below IPO price a clear signal of weakening market appetite at current levels.
UFO is up 21% YTD, but two larger SPCX unlocks in November and December dwarf today's tranche and make supply pressure a recurring risk.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Rocket Lab didn't make the cut. Grab the names FREE today.
SpaceX (NASDAQ:SPCX) stock is down 6% to $131.86 midday Thursday, slipping below the company's $135 IPO price for the first time since the June debut. Roughly 319 million shares came off lockup this morning, the latest tranche in a staggered release schedule that will eventually free most of the float. A move under the offering price gives sellers a clear reference to trade against as more supply becomes eligible.
#spcx #price #free #shares
2 months ago
SpaceX stock slipped and fell back to its IPO price as another share unlock hit the public float.
Around 319 million shares held by early employees and investors become eligible to trade on Thursday, the Day 70 tranche in a staggered lockup that will release about 88% of ****** eX's 13 billion shares through 2027.
SpaceX shares fell nearly 5% in early trade, dropping below its $135 IPO price.
The stock withstood a big unlock earlier this month. On Aug. 6, up to 911.5 million shares became tradable. The stock absorbed it and rose 6%, a massively bullish move.
The larger supply tests are still coming, with a 1.3 billion-share tranche set to unlock around ****** eX's third quarter earnings in early November, followed by the 180-day expiry in December. CEO Elon Musk's 6.42 billion shares stay locked until June 2027.
#billion
Around 319 million shares held by early employees and investors become eligible to trade on Thursday, the Day 70 tranche in a staggered lockup that will release about 88% of ****** eX's 13 billion shares through 2027.
SpaceX shares fell nearly 5% in early trade, dropping below its $135 IPO price.
The stock withstood a big unlock earlier this month. On Aug. 6, up to 911.5 million shares became tradable. The stock absorbed it and rose 6%, a massively bullish move.
The larger supply tests are still coming, with a 1.3 billion-share tranche set to unlock around ****** eX's third quarter earnings in early November, followed by the 180-day expiry in December. CEO Elon Musk's 6.42 billion shares stay locked until June 2027.
#billion
2 months ago
Retail investors flocked to ****** e Exploration Technologies (NASDAQ: SPCX), better known as ****** eX, after its initial public offering (IPO) in June. However, some institutional investors also bought the artificial intelligence and ****** e stock. Billionaire Israel "Izzy" Englander was one of them.
Englander's Millennium Management loaded up on ****** eX in the second quarter of 2026. Notably, the hedge fund purchased over 17.6 million shares before ****** eX's first lockup expiration on Aug. 6. Many viewed this lockup expiration as a reason to avoid the stock, at least temporarily. Does Englander know something that most investors don't?
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
We don't know exactly when Englander bought shares of ****** eX. However, I'd wager that he began buying days after the ****** e technology company's record-setting IPO when its stock plunged more than 20%.
Initiating a stake in ****** eX in late June might seem like a questionable decision, given the downward pressure on the stock that many expected when insiders began selling their shares. In retrospect, Englander's decision to buy ****** eX could appear to be a poor one, with shares down a double-digit percentage since the end of Q2.
#Stock #englander #investors #however
Englander's Millennium Management loaded up on ****** eX in the second quarter of 2026. Notably, the hedge fund purchased over 17.6 million shares before ****** eX's first lockup expiration on Aug. 6. Many viewed this lockup expiration as a reason to avoid the stock, at least temporarily. Does Englander know something that most investors don't?
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
We don't know exactly when Englander bought shares of ****** eX. However, I'd wager that he began buying days after the ****** e technology company's record-setting IPO when its stock plunged more than 20%.
Initiating a stake in ****** eX in late June might seem like a questionable decision, given the downward pressure on the stock that many expected when insiders began selling their shares. In retrospect, Englander's decision to buy ****** eX could appear to be a poor one, with shares down a double-digit percentage since the end of Q2.
#Stock #englander #investors #however
3 months ago
Space stocks have had a loud two weeks, and Rocket Lab (RKLB) has been at the center of most of the noise. Between a new, clean launch, a run of new government contracts, an $8 billion acquisition that reshapes the company's long-term business model, and a closely watched debut earnings report from a much larger industry peer, investors have collected more data points on the small-launch and ******* e-systems market in the past 10 days than in most entire quarters.
Rocket Lab reports its own second-quarter results after today's close, and the setup looks better than it has in a while.
Don't ******* ume Micron Will Share SanDisk's Fate. Here's Why.
The Nvidia-SpaceX Deal Is Sending a Clear Signal on AI Dominance
Why Didn't a $100 Billion Lockup Expiration Crash ******* eX Stock? 3 Numbers That Explain Its 10% Rally.
#rocket #rklb #don 't #assume
Rocket Lab reports its own second-quarter results after today's close, and the setup looks better than it has in a while.
Don't ******* ume Micron Will Share SanDisk's Fate. Here's Why.
The Nvidia-SpaceX Deal Is Sending a Clear Signal on AI Dominance
Why Didn't a $100 Billion Lockup Expiration Crash ******* eX Stock? 3 Numbers That Explain Its 10% Rally.
#rocket #rklb #don 't #assume
3 months ago
The S&P 500 Index ($SPX) (SPY) today is down -0.04%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.14%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.15%. September E-mini S&P futures (ESU26) are down -0.04%, and September E-mini Nasdaq futures (NQU26) are down -0.10%.
Stock indices are under pressure today from higher crude oil prices, which are boosting inflation expectations and T-note yields. WTI crude oil is up more than +2% today, pushing the 10-year T-note yield up by +3 bp to 4.68%.
Don't ***** ume Micron Will Share SanDisk's Fate. Here's Why.
The Nvidia-SpaceX Deal Is Sending a Clear Signal on AI Dominance
Why Didn't a $100 Billion Lockup Expiration Crash ***** eX Stock? 3 Numbers That Explain Its 10% Rally.
#today #crude
Stock indices are under pressure today from higher crude oil prices, which are boosting inflation expectations and T-note yields. WTI crude oil is up more than +2% today, pushing the 10-year T-note yield up by +3 bp to 4.68%.
Don't ***** ume Micron Will Share SanDisk's Fate. Here's Why.
The Nvidia-SpaceX Deal Is Sending a Clear Signal on AI Dominance
Why Didn't a $100 Billion Lockup Expiration Crash ***** eX Stock? 3 Numbers That Explain Its 10% Rally.
#today #crude
3 months ago
With a market cap of $51.3 billion, Corteva, Inc. (CTVA) is a global pure-play agriculture company providing innovative seed, crop protection, and digital solutions to address the world's most pressing agricultural challenges. Through its strong brands, advanced technology pipeline, and customer-focused approach, the company helps farmers maximize productivity while supporting sustainable progress across the food system.
Shares of the agriscience company have underperformed the broader market over the past 52 weeks. CTVA stock has risen 8.6% over this time frame, while the broader S&P 500 Index ($SPX) has gained 22.4%. However, the stock has increased 14.9% on a YTD basis, outpacing SPX's 13.3% return.
Don't ******* ume Micron Will Share SanDisk's Fate. Here's Why.
The Nvidia-SpaceX Deal Is Sending a Clear Signal on AI Dominance
Why Didn't a $100 Billion Lockup Expiration Crash ******* eX Stock? 3 Numbers That Explain Its 10% Rally.
#market #corteva
Shares of the agriscience company have underperformed the broader market over the past 52 weeks. CTVA stock has risen 8.6% over this time frame, while the broader S&P 500 Index ($SPX) has gained 22.4%. However, the stock has increased 14.9% on a YTD basis, outpacing SPX's 13.3% return.
Don't ******* ume Micron Will Share SanDisk's Fate. Here's Why.
The Nvidia-SpaceX Deal Is Sending a Clear Signal on AI Dominance
Why Didn't a $100 Billion Lockup Expiration Crash ******* eX Stock? 3 Numbers That Explain Its 10% Rally.
#market #corteva
3 months ago
Santa Clara, California-based Arista Networks, Inc. (ANET) engages in the development, marketing, and sale of data-driven, client-to-cloud networking solutions for AI, data center, campus, and routing environments in the Americas and internationally. The company has a market cap of $238 billion and offers cloud networking solutions consisting of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications and more.
ANET stock has rallied the broader market over the past year, surging 36.4% compared to the S&P 500 Index's ($SPX) 22.4% surge. Moreover, in 2026, the stock has grown by nearly 44.9%, outpacing the SPX's 13.3% rise.
Don't ****** ume Micron Will Share SanDisk's Fate. Here's Why.
The Nvidia-SpaceX Deal Is Sending a Clear Signal on AI Dominance
Why Didn't a $100 Billion Lockup Expiration Crash ****** eX Stock? 3 Numbers That Explain Its 10% Rally.
#billion #cloud
ANET stock has rallied the broader market over the past year, surging 36.4% compared to the S&P 500 Index's ($SPX) 22.4% surge. Moreover, in 2026, the stock has grown by nearly 44.9%, outpacing the SPX's 13.3% rise.
Don't ****** ume Micron Will Share SanDisk's Fate. Here's Why.
The Nvidia-SpaceX Deal Is Sending a Clear Signal on AI Dominance
Why Didn't a $100 Billion Lockup Expiration Crash ****** eX Stock? 3 Numbers That Explain Its 10% Rally.
#billion #cloud
3 months ago
Despite fears a 911M-share lockup expiration would crash SPCX, the stock surged 21% to $138.74 the following week.
Semi ****** ysis argues ****** eX can build 10GW of compute by end 2027, implying a path to $300B in annual recurring revenue.
SpaceX Q2 adjusted EBITDA surged 191% to $3.54B, and the company now carries a $1.76 trillion market cap.
It sounds nuts, but SoFi1 is giving new Active Invest users up to $3,000 in stock for a limited time, and all it takes is a $50 deposit to get started.2 See for yourself (Sponsor)
SpaceX (NASDAQ:SPCX) went public in June 2026 and has been the talk of the town ever since. Its first earnings report as a public company on August 4, 2026 should have set the mood. Revenue jumped 92% year over year to $7.81 billion, the AI segment revenue skyrocketed by 247%, and Starlink subscribers doubled year-over-year to 12.0 million. Instead, the conversation shifted immediately to Friday, August 6, when a 911.5 million share lockup expiration was poised to flood the market with insider stock.
#SpaceX #Stock #spcx #surged
Semi ****** ysis argues ****** eX can build 10GW of compute by end 2027, implying a path to $300B in annual recurring revenue.
SpaceX Q2 adjusted EBITDA surged 191% to $3.54B, and the company now carries a $1.76 trillion market cap.
It sounds nuts, but SoFi1 is giving new Active Invest users up to $3,000 in stock for a limited time, and all it takes is a $50 deposit to get started.2 See for yourself (Sponsor)
SpaceX (NASDAQ:SPCX) went public in June 2026 and has been the talk of the town ever since. Its first earnings report as a public company on August 4, 2026 should have set the mood. Revenue jumped 92% year over year to $7.81 billion, the AI segment revenue skyrocketed by 247%, and Starlink subscribers doubled year-over-year to 12.0 million. Instead, the conversation shifted immediately to Friday, August 6, when a 911.5 million share lockup expiration was poised to flood the market with insider stock.
#SpaceX #Stock #spcx #surged
3 months ago
Space Exploration Technologies Corp. (NASDAQ: SPCX) stock rocketed 15.8% higher on Friday while the S&P 500 and the Nasdaq Composite jumped 0.6% and 1.2%, respectively.
Shares of Elon Musk's rocket company rose after a post-IPO lock-up expiration failed to drag the stock down. At the same time, the announcement of a major project in Texas helped buoy the stock price.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
On Thursday, 911.5 million shares became eligible to trade as the first tranche of the lockup expired -- the stretch after an initial public offering (IPO) when insiders and early backers are barred from selling. That more than doubled the stock available to public markets, and investors were nervous the share price would tank as early investors and employees rushed to sell part of their stakes.
The fact that did not come to pass was taken by the market as a sort of endorsement from company insiders.
#Stock #same #time
Shares of Elon Musk's rocket company rose after a post-IPO lock-up expiration failed to drag the stock down. At the same time, the announcement of a major project in Texas helped buoy the stock price.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
On Thursday, 911.5 million shares became eligible to trade as the first tranche of the lockup expired -- the stretch after an initial public offering (IPO) when insiders and early backers are barred from selling. That more than doubled the stock available to public markets, and investors were nervous the share price would tank as early investors and employees rushed to sell part of their stakes.
The fact that did not come to pass was taken by the market as a sort of endorsement from company insiders.
#Stock #same #time
3 months ago
Space Exploration Technologies Corp. (NASDAQ: SPCX) stock rocketed 15.8% higher on Friday while the S&P 500 and the Nasdaq Composite jumped 0.6% and 1.2%, respectively.
Shares of Elon Musk's rocket company rose after a post-IPO lock-up expiration failed to drag the stock down. At the same time, the announcement of a major project in Texas helped buoy the stock price.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
On Thursday, 911.5 million shares became eligible to trade as the first tranche of the lockup expired -- the stretch after an initial public offering (IPO) when insiders and early backers are barred from selling. That more than doubled the stock available to public markets, and investors were nervous the share price would tank as early investors and employees rushed to sell part of their stakes.
The fact that did not come to pass was taken by the market as a sort of endorsement from company insiders.
#shares #same
Shares of Elon Musk's rocket company rose after a post-IPO lock-up expiration failed to drag the stock down. At the same time, the announcement of a major project in Texas helped buoy the stock price.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
On Thursday, 911.5 million shares became eligible to trade as the first tranche of the lockup expired -- the stretch after an initial public offering (IPO) when insiders and early backers are barred from selling. That more than doubled the stock available to public markets, and investors were nervous the share price would tank as early investors and employees rushed to sell part of their stakes.
The fact that did not come to pass was taken by the market as a sort of endorsement from company insiders.
#shares #same
3 months ago
SpaceX (NASDAQ: SPCX) went public at $135 per share on June 12. Its stock soared to a record high of $225.64 on June 16, but it trades at about $110 as of this writing. Three major issues are driving its stock lower: its sky-high valuation (still at 76 times its 2025 sales), the staggering losses in its AI division, and expectations for its float to roughly triple by December.
Of these three headwinds, the last one is the most unpredictable because it could limit its upside potential as more insiders cash out. Let's see why that's such a major problem.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
SpaceX only sold about 5% of its shares in its IPO. However, it won't bar its insiders, early investors, and large institutional investors from selling their shares with a traditional 180-day lockup period. Instead, it will allow those investors to sell their shares in several waves.
The first wave -- which unlocked 20% of its shares -- occurred on Aug. 6, the second trading day after its second-quarter earnings report on Aug. 4. It will unlock another 7% of its shares on Aug. 20, Sept. 9, Sept. 24, Oct. 9, and Oct. 24. On the second trading day after its third-quarter earnings report, it will unlock 28% of its shares. On Dec. 8, it will unlock all of its remaining shares.
#NVIDIA #signal #SpaceX #june
Of these three headwinds, the last one is the most unpredictable because it could limit its upside potential as more insiders cash out. Let's see why that's such a major problem.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
SpaceX only sold about 5% of its shares in its IPO. However, it won't bar its insiders, early investors, and large institutional investors from selling their shares with a traditional 180-day lockup period. Instead, it will allow those investors to sell their shares in several waves.
The first wave -- which unlocked 20% of its shares -- occurred on Aug. 6, the second trading day after its second-quarter earnings report on Aug. 4. It will unlock another 7% of its shares on Aug. 20, Sept. 9, Sept. 24, Oct. 9, and Oct. 24. On the second trading day after its third-quarter earnings report, it will unlock 28% of its shares. On Dec. 8, it will unlock all of its remaining shares.
#NVIDIA #signal #SpaceX #june
3 months ago
SpaceX's $100 billion lockup expiration more than doubled its tradable float yet shares gained over 5% as markets had already priced in the risk.
ARK Invest and retail buyers absorbed the unlock while ~35% short interest created conditions for short covering that lifted shares.
The overhang persists as roughly $800 billion in additional ****** eX shares become eligible for sale through October.
It sounds nuts, but SoFi1 is giving new Active Invest users up to $3,000 in stock for a limited time, and all it takes is a $50 deposit to get started.2 See for yourself (Sponsor)
For weeks, investors have focused on one date they believed could unleash another wave of selling in one of 2026's most closely watched IPOs.
#Invest #short #active
ARK Invest and retail buyers absorbed the unlock while ~35% short interest created conditions for short covering that lifted shares.
The overhang persists as roughly $800 billion in additional ****** eX shares become eligible for sale through October.
It sounds nuts, but SoFi1 is giving new Active Invest users up to $3,000 in stock for a limited time, and all it takes is a $50 deposit to get started.2 See for yourself (Sponsor)
For weeks, investors have focused on one date they believed could unleash another wave of selling in one of 2026's most closely watched IPOs.
#Invest #short #active
3 months ago
US stocks fluctuated on Thursday as investors absorbed a series of earnings reports, prospects of an imminent Strait of Hormuz deal, and fresh labor market data.
The Dow Jones Industrial Average (^DJI) fell 0.5%, risking ending the blue-chip index's record-breaking win streak, while the S&P 500 (^GSPC) fell 0.2%. The Nasdaq Composite (^IXIC) ticked below the flat line.
Investors remain hyper-focused on AI capital requirements and monetization. Those concerns, combined with high valuations for some tech names, have led to punishing earnings reactions for some AI highfliers such as Sandisk (SNDK) and Western Digital (WDC).
SpaceX (SPCX) stock popped 2% as a lockup period expired, freeing up insiders to sell their shares, though some saw the event as already priced in.
Geopolitical uncertainty continues to hang over markets, helping to send gold prices (GC=F) to multi-week highs. Global oil prices (BZ=F), which have fluctuated in recent days, rose to $81 per barrel on Thursday after Iran said it had reached an agreement with Oman for a temporary shipping route through the Strait of Hormuz. Iranian Foreign Ministry spokesperson Esmail Baghaei said the two nations would reach a deal "if certain third parties do not obstruct this process."
#strait #hormuz
The Dow Jones Industrial Average (^DJI) fell 0.5%, risking ending the blue-chip index's record-breaking win streak, while the S&P 500 (^GSPC) fell 0.2%. The Nasdaq Composite (^IXIC) ticked below the flat line.
Investors remain hyper-focused on AI capital requirements and monetization. Those concerns, combined with high valuations for some tech names, have led to punishing earnings reactions for some AI highfliers such as Sandisk (SNDK) and Western Digital (WDC).
SpaceX (SPCX) stock popped 2% as a lockup period expired, freeing up insiders to sell their shares, though some saw the event as already priced in.
Geopolitical uncertainty continues to hang over markets, helping to send gold prices (GC=F) to multi-week highs. Global oil prices (BZ=F), which have fluctuated in recent days, rose to $81 per barrel on Thursday after Iran said it had reached an agreement with Oman for a temporary shipping route through the Strait of Hormuz. Iranian Foreign Ministry spokesperson Esmail Baghaei said the two nations would reach a deal "if certain third parties do not obstruct this process."
#strait #hormuz
3 months ago
SpaceX (SPCX) insiders and early investors will be able to sell their stock for the first time on Thursday, when 911.5 million shares become eligible to trade — around 43% more than the 638.9 million shares the company floated in its June initial public offering.
The unlock will more than double ******* eX's public float, lifting the freely tradable portion of the company to 11.8% of shares outstanding from 4.9%.
The unlock arrives at a precarious moment, with the stock trading below its IPO price after a sharp post-earnings sell-off.
But ******* eX stock pulled higher in midday trade after plumbing new lows, bucking the conventional thinking that extra share supply would depress the price.
When a company goes public, employees and pre-IPO investors typically agree to a lockup — a contractual window, usually 180 days, during which they cannot sell.
#SpaceX
The unlock will more than double ******* eX's public float, lifting the freely tradable portion of the company to 11.8% of shares outstanding from 4.9%.
The unlock arrives at a precarious moment, with the stock trading below its IPO price after a sharp post-earnings sell-off.
But ******* eX stock pulled higher in midday trade after plumbing new lows, bucking the conventional thinking that extra share supply would depress the price.
When a company goes public, employees and pre-IPO investors typically agree to a lockup — a contractual window, usually 180 days, during which they cannot sell.
#SpaceX
3 months ago
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SpaceX stock is about to get a shock that could bring it back down to earth. On Thursday, the company's first stock "lockup" expires, meaning employees and early investors who've been barred from selling their shares since the IPO can finally cash out.
Here's why that matters: 912 million shares, more than double what's currently tradable, become available all at once, according to the New York Times. Lockups exist to prevent a flood of insider selling from tanking a stock right after it goes public. Once they expire, that flood often happens anyway, and prices tend to drop.
SpaceX's stock has already fallen nearly 50% from its post-IPO high, a slide that recently cost Elon Musk his trillionaire status. The company went public in June with the biggest IPO in history, raising $85.7 billion and briefly touching a $2 trillion valuation. Since then, skepticism has crept in. Nearly $25 billion worth of **** eX stock, more than a third of its tradable shares, is currently held by short sellers betting the price keeps falling.
One Morgan Stanley **** yst says the stock could realistically drop to $100, even as he remains bullish long-term. For a company that made history two months ago, this could be a rough landing.
#shares
SpaceX stock is about to get a shock that could bring it back down to earth. On Thursday, the company's first stock "lockup" expires, meaning employees and early investors who've been barred from selling their shares since the IPO can finally cash out.
Here's why that matters: 912 million shares, more than double what's currently tradable, become available all at once, according to the New York Times. Lockups exist to prevent a flood of insider selling from tanking a stock right after it goes public. Once they expire, that flood often happens anyway, and prices tend to drop.
SpaceX's stock has already fallen nearly 50% from its post-IPO high, a slide that recently cost Elon Musk his trillionaire status. The company went public in June with the biggest IPO in history, raising $85.7 billion and briefly touching a $2 trillion valuation. Since then, skepticism has crept in. Nearly $25 billion worth of **** eX stock, more than a third of its tradable shares, is currently held by short sellers betting the price keeps falling.
One Morgan Stanley **** yst says the stock could realistically drop to $100, even as he remains bullish long-term. For a company that made history two months ago, this could be a rough landing.
#shares
3 months ago
A ******* eX rocket crashed into the moon at 2 a.m. Wednesday, leaving a massive crater and another piece of "space junk" on its surface. But that will be only the second-biggest dump of ******* eX's week.
On Thursday, nearly a billion shares of ******* eX, held by early employees and pre-IPO investors, will finally break free from their lockups. The shares, totaling around $100 billion at current prices, are more of a supply shock than the entire IPO itself. And while ******* ysts worry that it will cheapen the stock—or, as Morgan Stanley suggests, provide an opportunity "to gain exposure to a potential generational compounder"—SpaceX avoided the worst of this moment by quietly lining up its buyers before the lockup clock even started running.
Every IPO eventually meets this moment, cautioned Gil Luria, head of technology research at D.A. Davidson. Early employees might believe wholeheartedly in the company, but after spending decades with most of their wealth tied up in a single stock, they may want to diversify—buy a house, maybe.
That transfer from private-company insiders to public-market investors is the "natural course of business," he said—but, by definition, it puts pressure on the share price as fresh supply enters the market.
Within 25 days of listing, four index providers—CRSP, FTSE Russell, MSCI, and Nasdaq—added the stock, forcing passive funds inside millions of 401(k)s to buy in. While it's unclear how much ******* eX stock passive funds took on, JPMorgan estimates that the Nasdaq inclusion alone transferred $4 billion of ******* eX into passive accounts. Luria calls the accelerated path into the indexes "a little bit of a bailout."
#Stock
On Thursday, nearly a billion shares of ******* eX, held by early employees and pre-IPO investors, will finally break free from their lockups. The shares, totaling around $100 billion at current prices, are more of a supply shock than the entire IPO itself. And while ******* ysts worry that it will cheapen the stock—or, as Morgan Stanley suggests, provide an opportunity "to gain exposure to a potential generational compounder"—SpaceX avoided the worst of this moment by quietly lining up its buyers before the lockup clock even started running.
Every IPO eventually meets this moment, cautioned Gil Luria, head of technology research at D.A. Davidson. Early employees might believe wholeheartedly in the company, but after spending decades with most of their wealth tied up in a single stock, they may want to diversify—buy a house, maybe.
That transfer from private-company insiders to public-market investors is the "natural course of business," he said—but, by definition, it puts pressure on the share price as fresh supply enters the market.
Within 25 days of listing, four index providers—CRSP, FTSE Russell, MSCI, and Nasdaq—added the stock, forcing passive funds inside millions of 401(k)s to buy in. While it's unclear how much ******* eX stock passive funds took on, JPMorgan estimates that the Nasdaq inclusion alone transferred $4 billion of ******* eX into passive accounts. Luria calls the accelerated path into the indexes "a little bit of a bailout."
#Stock
