SpaceX wins bullish recommendations from Wall Street banks
Morgan Stanley gives Elon Musk’s AI and rocket stock $300 price target as quiet period ends following record IPO
Morgan Stanley gives Elon Musk’s AI and rocket stock $300 price target as quiet period ends following record IPO
A quiet start to the week saw marginal rise for Irish markets
Tech shares rebound on Wall Street after last week’s sell-off
Swathes of SpaceX shares are set to hit the market in the coming months
Euronext Dublin finished the day down 1.1% after a number of the index’s main players suffered losses
Interest rate fears hit high-flying sectors as oil prices hold steady
Stock sheds hundreds of billions of dollars in market value
UK shares largely shrugged off news of prime minister Keir Starmer’s resignation
At $2.97tn, SpaceX briefly overtook Microsoft and Amazon to become the world’s fourth-most valuable company
Elon Musk’s AI, rocket and satellite group also announces $60bn deal for AI coding app Cursor
Dazzled SpaceX investors and frenzied brick-throwing boys in Belfast are all swallowing his dark fantasies
A firm that is a rocket-maker, broadcaster, chatbot and arm of the Pentagon is many things, but a foundation for national infrastructure is not one of them
Investing in SpaceX isn’t a bet on the company’s fundamentals, it’s a bet on Elon Musk
Travel stocks and financials among those to fare best as mood improves across all markets though not for Big Oil
Shares jump as much as 25% over IPO price on first day of trading after attracting orders for more than three times the amount on offer
Hype and hope collide in the biggest IPO in history
Inside Business podcast with Ciarán Hancock
Iseq rises but banking stocks out of sorts
Analyst says IPO looks ‘like a way to lure unsuspecting investors into paying off’ debt, ‘fund an increasingly costly AI race and lock in a trillion-dollar pay day’
Elon Musk’s space exploration business thinks it’s worth $1.75tn, but some analysts value it at only half that
If Elon Musk succeeds in listing SpaceX on the stock market, our pensions could be invested in this one-sided racket
Early Edition with Aideen Finnegan
With listings now occurring later in a company’s life cycle, there could be implications for post-IPO share price performance
Roughly 90% of the touted $28.5tn ‘market opportunity’ pertains not to space but to AI and adjacent data-centre services
ChatGPT group founder’s reputation has taken a battering in a courtroom battle that was ultimately decided on a technicality
Financial ties range from Cybertruck purchases and shared private jets to stock investments
Veteran investors have long joked that IPO means It’s Probably Overpriced
Rule adjustments being made by index providers are bending long-standing norms to accommodate a single company
We should leave the moon alone
Spotlight on the Artemis II mission reveals the complexity of deep space travel
Starlink’s growth may justify optimism – but critics of Elon Musk say the numbers still require heroic assumptions
The long-dormant dream of establishing a permanent lunar base draws one step closer
Crosswords & puzzles to keep you challenged and entertained
How does a post-Brexit world shape the identity and relationship of these islands
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