Alexandra Merz , a longtime Tesla Inc. investor, said she deliberately avoided buying shares in SpaceX’s initial public offering because she expects Elon Musk to move quickly to combine the two companies. “My thesis is that Tesla and SpaceX will merge,” Merz, chief executive officer of L&F Investor Services, said Friday in a Bloomberg Television interview. “As an all-in Tesla investor I would have...
Alexandra Merz , a longtime Tesla Inc. investor, said she deliberately avoided buying shares in SpaceX’s initial public offering because she expects Elon Musk to move quickly to combine the two companies. “My thesis is that Tesla and SpaceX will merge,” Merz, chief executive officer of L&F Investor Services, said Friday in a Bloomberg Television interview. “As an all-in Tesla investor I would have had to sell Tesla, which I was not going to do. So my thesis is I am going to hold these and in a couple of short weeks, if I am right, they will announce the merger that will then be consummated in the first half of 2027.” Merz, who has said she owns “multiple thousand” Tesla shares and runs the @TeslaBoomerMama X account with almost 240,000 followers, echoed a proposition advanced by some of SpaceX’s private-market backers. Holders including Peter Diamandis, an XPrize Foundation founder, have suggested that Musk’s desire for control over his companies would spur a Tesla-SpaceX tie-up, akin to the combination of SpaceX with xAI this year. Shares of Space Exploration Technologies Corp. jumped more than 30% beyond the $135 initial public offering price in their trading debut, valuing Musk’s space and data infrastructure company at approximately $2 trillion and making it more valuable than Meta Platforms Inc. and Saudi Aramco. More than 20 exchange-traded funds launched SpaceX-linked products within hours of the public debut, while a Kalshi prediction market contract on a Tesla-SpaceX merger announcement before May 2027 traded at 55%, up from 26% earlier this year. Wedbush analyst Dan Ives has estimated merger odds at 80% to 90% by the first half of 2027, though some analysts warn such a combination could be 28% dilutive to Tesla shareholders. Christian Garrett , managing partner of 137 Ventures, an early SpaceX investor, defended Musk’s 84% voting control post-IPO as necessary for a long-term management focus. The governance structure “brings stability to the company which ...
ConocoPhillips (NYSE:COP) has staged a powerful rebound in 2026, riding a recovery in crude oil prices and steady free cash flow execution. The question for investors is whether the next leg higher is ahead or whether the stock has gotten ahead of fundamentals. Our 24/7 Wall St. price target for ConocoPhillips is $111.61, modestly below ... Wall Street Has 18 Buy Ratings on ConocoPhillips and Zero...
ConocoPhillips (NYSE:COP) has staged a powerful rebound in 2026, riding a recovery in crude oil prices and steady free cash flow execution. The question for investors is whether the next leg higher is ahead or whether the stock has gotten ahead of fundamentals. Our 24/7 Wall St. price target for ConocoPhillips is $111.61, modestly below ... Wall Street Has 18 Buy Ratings on ConocoPhillips and Zero Sells. Our Price Target Says They Are All Wrong
The post Denied for a HELOC? Here’s What You Can Do Next by Benzinga Contributors appeared first on Benzinga . Visit Benzinga to get more great content like this. Getting a denial letter from a HELOC lender stings, especially when you know you are sitting on real equity in your home. With American homeowners holding roughly $35 trillion in home equity, according to Federal Reserve data , millions ...
The post Denied for a HELOC? Here’s What You Can Do Next by Benzinga Contributors appeared first on Benzinga . Visit Benzinga to get more great content like this. Getting a denial letter from a HELOC lender stings, especially when you know you are sitting on real equity in your home. With American homeowners holding roughly $35 trillion in home equity, according to Federal Reserve data , millions of people are in exactly this position: equity rich on paper, but locked out by a credit score, income documentation, or debt-to-income hurdle. The good news is that a HELOC denial is rarely the end of the road, and your first two moves are simple: find out exactly why you were denied, then match the fix, or an alternative product, to that specific reason. Why You Were Denied Under federal law, lenders must tell you why they turned you down. The Equal Credit Opportunity Act requires the lender to send an adverse action notice listing the specific reasons for the denial, or to tell you that you have the right to request them within 60 days. The most common culprits are a credit score below the lender’s cutoff, a debt-to-income ratio above roughly 43% to 50%, insufficient equity, or income that is hard to document. Most lenders want a credit score of at least 620, a DTI under 43%, and 15% to 20% equity remaining after the new credit line, as Benzinga’s guide to HELOC requirements explains in detail. Pull your reports for free at AnnualCreditReport.com and check for errors, because a single misreported late payment can drag your score below a lender’s threshold. Shop Other Lenders First A denial from one lender is not a denial from all of them. HELOC pricing and underwriting vary widely, and average rates are sitting around 7.25% as of June 2026, so a credit union or online lender with looser overlays may approve the same application a big bank rejected. Multiple HELOC applications within a short window, typically 14 to 45 days, generally count as a single inquiry for credit s...
Key PointsSpaceX went public this morning at $135 per share in the largest IPO in history, instantly placing it among the world's most valuable companies.
Key PointsSpaceX went public this morning at $135 per share in the largest IPO in history, instantly placing it among the world's most valuable companies.
SpaceX (NASDAQ:SPCX), the aerospace and AI company founded by Elon Musk, went public on June 12. It priced its shares at $135, started trading at $150, and is now trading around $170 as of this writing. It opened with a market cap of $1.77 trillion, making it the biggest IPO in history. SpaceX floated less than 5% of its shares in that offering , but allocated up to 30% to retail investors rather ...
SpaceX (NASDAQ:SPCX), the aerospace and AI company founded by Elon Musk, went public on June 12. It priced its shares at $135, started trading at $150, and is now trading around $170 as of this writing. It opened with a market cap of $1.77 trillion, making it the biggest IPO in history. SpaceX floated less than 5% of its shares in that offering , but allocated up to 30% to retail investors rather than institutions. That decision opened up SpaceX to a much larger cohort of smaller investors. Let's see what a $1000 investment might have gotten you in SpaceX's IPO -- and how much it might be worth in a few years. Image source: Getty Images. Continue reading
Bloomberg's Nikki Waller joins Scarlet Fu and Tom Keene on "Bloomberg Money." Shares of SpaceX climbed in their first day of trading on Friday following a $75 billion IPO that smashed records (Source: Bloomberg)
Bloomberg's Nikki Waller joins Scarlet Fu and Tom Keene on "Bloomberg Money." Shares of SpaceX climbed in their first day of trading on Friday following a $75 billion IPO that smashed records (Source: Bloomberg)
Joshua Westbrook Roku Inc. ( ROKU ) soared 20% on a report that the streaming video platform is in discussions to sell itself. Roku ( ROKU ) has been in talks with at least one US media company about a potential deal, according to a Bloomberg report on Friday, which cited people familiar with the matter. No final decisions have been made on a possible sale, and there's no certainty that any deal w...
Joshua Westbrook Roku Inc. ( ROKU ) soared 20% on a report that the streaming video platform is in discussions to sell itself. Roku ( ROKU ) has been in talks with at least one US media company about a potential deal, according to a Bloomberg report on Friday, which cited people familiar with the matter. No final decisions have been made on a possible sale, and there's no certainty that any deal will happen, according to the report. Roku didn't immediately respond to Bloomberg's request for comment. More on Roku Roku, Inc. (ROKU) Presents at 2026 Evercore Global TMT Conference Transcript 100 Million Households Later And Wall Street Still Underestimates Roku Roku, Inc. (ROKU) Presents at MoffettNathanson's Media, Internet & Communications Conference Transcript Roku adds FOX One to premium subscription ahead of FIFA World Cup Biggest stock movers Friday: TWLO, ROKU, RBLX, and more
Something happened today that's never happened before in history: A single person's net worth crossed $1 trillion. After shares of Space Exploration Technologies (NASDAQ: SPCX) , better known as SpaceX, hit the market this morning, CEO and Chief Engineer Elon Musk's fortune jumped from roughly $813 billion to more than $1 trillion. The initial public offering (IPO) itself is record-shattering , to...
Something happened today that's never happened before in history: A single person's net worth crossed $1 trillion. After shares of Space Exploration Technologies (NASDAQ: SPCX) , better known as SpaceX, hit the market this morning, CEO and Chief Engineer Elon Musk's fortune jumped from roughly $813 billion to more than $1 trillion. The initial public offering (IPO) itself is record-shattering , too. SpaceX raised $75 billion -- more than twice the previous record -- and the company is now valued somewhere north of $2 trillion. First, with all these massive numbers, it's important to remember that this is paper wealth, not cash. Musk doesn't have $1.3 trillion stuffed under a rather large mattress. Continue reading
Shares of SpaceX traded around the middle of Friday's price range, as the most hyped IPO in years finally arrived in the broad stock market and immediately became one of the largest companies in the world. The IPO raised $75 billion, making it the largest initial public offering in history. It also values the company at roughly $1.8 trillion initially.
Shares of SpaceX traded around the middle of Friday's price range, as the most hyped IPO in years finally arrived in the broad stock market and immediately became one of the largest companies in the world. The IPO raised $75 billion, making it the largest initial public offering in history. It also values the company at roughly $1.8 trillion initially.
straga/iStock via Getty Images ONE Gas ( OGS ) up 2.6% in Friday's trading as BTIG Research launches coverage of the natural gas utility with a Buy rating and $93 price target, saying growing demand from large load customers seeking natural gas for speedy baseload and backup power generation creates a unique growth opportunity for the company while still maintaining defensiveness through its tradi...
straga/iStock via Getty Images ONE Gas ( OGS ) up 2.6% in Friday's trading as BTIG Research launches coverage of the natural gas utility with a Buy rating and $93 price target, saying growing demand from large load customers seeking natural gas for speedy baseload and backup power generation creates a unique growth opportunity for the company while still maintaining defensiveness through its traditional infrastructural investments. BTIG analyst Alex Kania views the company's 5%-7% long-term earnings per share growth rate as in line with other electric utilities and gas local distribution companies; coupled with the stock's current discount valuation, he sees value "given its track record of execution, solid regulatory jurisdictions and location on the map, and large load opportunity set." ONE Gas ( OGS ) has a history of meeting or exceeding guidance and delivering 7% EPS growth over the last 10 years, and given its large load projects and traditional gas LDC growth as well as its conservative approach in projecting its outlook, Kania believes the company is positioned well to continue delivering on its plans. More on ONE Gas ONE Gas Q1 2026 Earnings Call Transcript Despite Price Drop, ONE Gas Is Not A Bargain Yet Seeking Alpha's Quant Rating on ONE Gas