SpaceX (NASDAQ: SPCX) stock finally begins trading publicly on June 12. At a valuation of roughly $1.77 trillion, the company will be larger than Elon Musk's Tesla and big enough to rank among the 10 most valuable companies in the world on day one. The IPO offer price is $135 per share. So, $1,000 theoretically gets you about just shy of 7.5 shares (many brokerages today offer fractional shares). ...
SpaceX (NASDAQ: SPCX) stock finally begins trading publicly on June 12. At a valuation of roughly $1.77 trillion, the company will be larger than Elon Musk's Tesla and big enough to rank among the 10 most valuable companies in the world on day one. The IPO offer price is $135 per share. So, $1,000 theoretically gets you about just shy of 7.5 shares (many brokerages today offer fractional shares). Continue reading
Karen Bass' Brother Joins Class-Action Lawsuit Against Karen Bass over LA Wildfires Authored by Luis Cornelio via Headline USA , The brother of embattled Los Angeles Mayor Karen Bass has sued the very city government his sister leads , alleging officials failed to protect homeowners and business owners during the destructive Palisades Fire. Kenneth Bass and his wife Cindy joined a class-action law...
Karen Bass' Brother Joins Class-Action Lawsuit Against Karen Bass over LA Wildfires Authored by Luis Cornelio via Headline USA , The brother of embattled Los Angeles Mayor Karen Bass has sued the very city government his sister leads , alleging officials failed to protect homeowners and business owners during the destructive Palisades Fire. Kenneth Bass and his wife Cindy joined a class-action lawsuit in May against the City of Los Angeles, alleging the city failed to fill the Santa Ynez Reservoir when the wildfire broke out on January 7, 2025, according to multiple reports. The lawsuit, filed on May 18, was first reported by L.A. Material . It includes more than 180 plaintiffs and names multiple defendants, including the Bass-run Los Angeles Department of Water and Power. In the lawsuit, Kenneth Bass alleged he and his wife suffered smoke inhalation injuries, as well as emotional distress stemming from the destruction of their home. The couple previously owned a property with a pool and panoramic views of the Malibu Pier, according to L.A. Material. Mayor Bass has publicly referenced her family's loss, telling reporters in 2025: "The loss that you're going through, I share indirectly. It's hit my family too." Bass adviser Yusef Robb dismissed questions about the lawsuit, telling reporters that there was "nothing new here." "Thousands of people are plaintiffs in this action, which names 18 public and private sector defendants," Robb added. A spokesperson for the Los Angeles City Attorney's Office downplayed the lawsuit, saying the city is confident it is not liable for the wildfires. Meanwhile, a Frantz Law Group attorney representing Kenneth Bass told the California Post the lawsuit is part of a broader mass tort process and said his family ties are "irrelevant" to his claims. " As part of the mass tort legal process, Mr. and Mrs. Bass' names were formally added as some of the nearly 40,000 victims who suffered losses ," the attorney stated. "Their family connectio...
LOS ANGELES, June 11, 2026--Remedy Science ("REMEDY"), the dermatologist-developed, education-first skincare brand translating clinical expertise into accessible, high-performance products, today announced the closing of its Series A funding round led by L Catterton, the largest global consumer-focused investment firm, with participation from existing investor Norwest and new investor Sonoma Brand...
LOS ANGELES, June 11, 2026--Remedy Science ("REMEDY"), the dermatologist-developed, education-first skincare brand translating clinical expertise into accessible, high-performance products, today announced the closing of its Series A funding round led by L Catterton, the largest global consumer-focused investment firm, with participation from existing investor Norwest and new investor Sonoma Brands Capital.
CrowdStrike (CRWD): Great Company, Brutal Price By IPO Edge Editorial Staff A cybersecurity outage took down half the internet in July 2024. The company behind it was CrowdStrike (CRWD). Two years […]
CrowdStrike (CRWD): Great Company, Brutal Price By IPO Edge Editorial Staff A cybersecurity outage took down half the internet in July 2024. The company behind it was CrowdStrike (CRWD). Two years […]
Klarity generates 80% of its revenue from radiation therapy positioning devices. Photo: Klarity Klarity Medical & Equipment Co. Ltd. priced its initial public offering on the Beijing Stock Exchange at 15.6 yuan ($2.3) a share after a two-day book-building process, becoming only the second company in more than three years to use the exchange’s offline-inquiry mechanism. The return of book-building ...
Klarity generates 80% of its revenue from radiation therapy positioning devices. Photo: Klarity Klarity Medical & Equipment Co. Ltd. priced its initial public offering on the Beijing Stock Exchange at 15.6 yuan ($2.3) a share after a two-day book-building process, becoming only the second company in more than three years to use the exchange’s offline-inquiry mechanism. The return of book-building on the Beijing bourse, where the practice had been largely suspended since April 2023 amid valuation and liquidity concerns, underscores regulators’ efforts to make IPO pricing more market-driven and attract higher-quality technology companies.
Dow Jones futures: The S&P 500 and Nasdaq jumped as Trump canceled Iran strikes, but still below key levels. The SpaceX IPO priced at 135 a share. CrowdStrike flashed a new buy signal.
Dow Jones futures: The S&P 500 and Nasdaq jumped as Trump canceled Iran strikes, but still below key levels. The SpaceX IPO priced at 135 a share. CrowdStrike flashed a new buy signal.
cookelma Wall Street ended higher on Thursday after President Donald Trump announced that the planned military action against Iran was called off. Semiconductor stocks were front and center among the top gainers. The benchmark S&P 500 ( SP500 ) closed +1.7%, while the tech-heavy Nasdaq Composite ( COMP:IND ) ended 2.5%, and the blue-chip Dow ( DJI ) finished 1.8%. Now, here are the three stocks to...
cookelma Wall Street ended higher on Thursday after President Donald Trump announced that the planned military action against Iran was called off. Semiconductor stocks were front and center among the top gainers. The benchmark S&P 500 ( SP500 ) closed +1.7%, while the tech-heavy Nasdaq Composite ( COMP:IND ) ended 2.5%, and the blue-chip Dow ( DJI ) finished 1.8%. Now, here are the three stocks to watch on Thursday after hours: Super Micro Computer ( SMCI ) closed on Thursday +9.2% but has declined about 1% after hours after the company priced offerings of about 45.45 million common stock shares at $27.50 each and 75 million depositary shares. The AI infrastructure giant expects about $1.22B in net proceeds from the common stock offering and $3.68B from the depositary shares. It recently sank about 25% after announcing an equity plan it needs to fund AI server orders. Micron Technology ( MU ) was among the semiconductor stocks rising after President Trump signaled a breakthrough in the war with Iran, lifting sentiment among investors. In addition, Wolfe Research raised its price target to $1,250 from $550 to reflect increased memory prices. The company ended 11.7% on Thursday but has dropped 1.7% after the close. Advanced Micro Devices ( AMD ) is another chip manufacturer declining after hours, closing almost +8% on Thursday and later down 0.6% at the time of writing. “There is a high concentration risk for AMD as the GPU backlog leans heavily on OpenAI and Meta, and the deal structures include performance-based warrants, up to 160MM shares for OpenAI, and an arrangement that could hand Meta roughly 10% of the equity,” said Louis Gerard , Seeking Alpha analyst, in a recent analysis . More on Super Micro Computer, Micron Technology, etc. Super Micro: The $7B Raise Tells You What The $39B Backlog Really Costs Super Micro Computer's $7B Plan Is A Red Flag AMD: The Selloff Is An Opportunity AMD, Micron, Arm lead chips higher as Trump signals Iran breakthrough Super Micr...
Jeff Schear/Getty Images Entertainment Home furnishings retailer RH ( RH ) delivered a top- and bottom-line beat for the first quarter and exceeded the company’s expectations, leading to a revised outlook for the full year. Shares briefly rallied following the report, but the advance unraveled as investors digested the company's year-over-year swing into the red and lackluster guidance for the cur...
Jeff Schear/Getty Images Entertainment Home furnishings retailer RH ( RH ) delivered a top- and bottom-line beat for the first quarter and exceeded the company’s expectations, leading to a revised outlook for the full year. Shares briefly rallied following the report, but the advance unraveled as investors digested the company's year-over-year swing into the red and lackluster guidance for the current quarter. Reflecting back order and special-order balances that were ~$75M higher than last year due to tariff-related resourcing, the company’s net revenue dropped to $800.3M, although it still exceeded expectations by ~$8M. The modest decline in revenue coupled with increased cost of goods sold and a $32M legal settlement contributed to an adjusted net loss of $27.2M, or ($1.97) per share. While this was not as bad as feared, it compares to a profit of $0.13 a year ago. For FY26, RH ( RH ) now expects revenue growth of 4.5% to 8.0%, translating to a range of $3.6B and $3.71B versus a prior range of $3.58B to $3.71B, with a midpoint slightly above $3.63B estimates. Adjusted EBITDA margin is seen between 14.2% and 16.0%, which includes a 270-basis-point negative impact from pre-opening and startup costs to support the company’s international expansion. This compares to an adjusted EBITDA margin of 17.3% in FY25. For the current quarter, RH ( RH ) sees sales increasing 0.5% to 2.5% to be within a range of $903.65M and $921.63M versus $939.4M estimates. Adjusted EBITDA margin of 11.5% to 13.0% compares to 20.6% in the same quarter last year. More on RH Restoration Hardware: Sales Slowdown Is Concerning, Despite Cheap FCF Multiple (Downgrade) RH (RH) Q4 2026 Earnings Call Prepared Remarks Transcript Not April Fool's, RH Is Too Cheap To Ignore RH Non-GAAP EPS of -$1.97 beats by $0.10, revenue of $800.32M beats by $7.94M RH Q1 2027 Earnings Preview