Stansberry Research's Brett Eversole argues that SpaceX's $75 billion IPO poses limited market risk and that the company's S-1 frames it primarily as an enterprise AI bet, not a space business.
Stansberry Research's Brett Eversole argues that SpaceX's $75 billion IPO poses limited market risk and that the company's S-1 frames it primarily as an enterprise AI bet, not a space business.
Emerging-market stocks dropped for the sixth time in seven days as a regulatory censure sparked a selloff in Chinese e-commerce stocks and another flare-up in the Middle Eastern conflict sapped risk appetite. The benchmark MSCI Emerging Markets Index fell as much as 1.6% on Thursday, before paring its losses to 0.4%. The gauge briefly traded below its 50-day moving average, breaching a key support...
Emerging-market stocks dropped for the sixth time in seven days as a regulatory censure sparked a selloff in Chinese e-commerce stocks and another flare-up in the Middle Eastern conflict sapped risk appetite. The benchmark MSCI Emerging Markets Index fell as much as 1.6% on Thursday, before paring its losses to 0.4%. The gauge briefly traded below its 50-day moving average, breaching a key support level that had held for two months. Alibaba Group Holding and Tencent Holdings contributed more than half of the measure’s retreat. Emerging-market assets are witnessing wilder swings this month as concerns over the sustainability of the artificial-intelligence rally are compounded by festering geopolitical risks and bets for a hawkish Federal Reserve. While most of the recent losses were concentrated in South Korea’s memory-chip makers, the selloff is spreading to other markets such as Indonesia, Turkey and Brazil. “A small correction in AI Tech related valuation is not a shock after the exponential rally, particularly in Korea, but there remains very few other secular growth themes globally,” said Hasnain Malik , head of EM equity and geopolitics strategy at Tellimer. Shares of Alibaba, Tencent and JD.com Inc. slid after Chinese regulators criticized leading e-commerce players for what they called misleading promotions, expressing displeasure over unchecked competition. That helped to push the EM subindex for consumer-discretionary companies to the lowest level since April 2025. In all, nine of the 11 industry groups on the broader MSCI EM index posted losses on Thursday. In the currency market , investors awaited interest-rate decisions from the euro region as well as Turkey for clues on the direction of global monetary policy. Citigroup Inc. said it took profit on its bullish lira position and moved its overweight stance back to neutral. Currencies sensitive to oil-price moves underperformed. US President Donald Trump said he will continue bombing Iran if it refuses to...
Size creates attention. SpaceX is targeting a raise of approximately $75 billion at a fixed IPO price of $135 per share, implying a valuation of up to $1.75 trillion.
Size creates attention. SpaceX is targeting a raise of approximately $75 billion at a fixed IPO price of $135 per share, implying a valuation of up to $1.75 trillion.