SpaceX just got over $250 billion in investor interest for its $SPCX IPO—about 4 times what they need, according to Reuters. Friday's gonna be crazy 🚀🔥
Before this sell-off, everyone was piled into big tech stocks.
Like I always say, when the whole crowd is on the same side of the boat, it's way more likely to tip over.
Check out how the Magnificent 7 stocks did in the past 5 years:
Nvidia $NVDA +1,067%🟢
Apple $AAPL +144%🟢
Google $GOOGL +208%🟢
Microsoft $MSFT +66%🟢
Amazon $AMZN +53%🟢
Meta Platforms $META +80%🟢
Tesla $TSLA +96%🟢
Breaking:
The S&P 500 is adding 2 new stocks to its index
Marvell $MRVL
Flex $FLEX
They'll be included before trading starts on June 22
Pool Corp $POOL and Campbell's $CPB are both getting removed
@Andrswang1 Interesting move, but I wonder how much of that SpaceX stock is actually available to retail investors through this. Still feels like a lottery ticket with extra steps.
@LuhhNara So the real AI race is about who can raise the most cash, not who builds the best model. Markets might love that until the returns don't show up.
AI development costs are through the roof. Daniela Amodei from Anthropic says that's why companies like hers are turning to public markets for funding 💸