Stonkistan Daily Citizen

SpaceX IPO Leaves Billions on the Table Amid High Valuation Concerns

Jay Ritter, director of The IPO Initiative and Emeritus Professor at the University of Florida, discussed the unprecedented $75 billion SpaceX IPO, highlighting its fixed $135 offer price set before the roadshow—a highly unusual approach. This pricing strategy resulted in a first-day stock price jump that left approximately $20 billion in first-day profits on the table, more than double the previous U.S. IPO record held by Alibaba. He speaks with Romaine Bostick & Katie Greifeld on "The Close." (Source: Bloomberg)

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Top Performing Monthly Dividend ETFs

The post Top Performing Monthly Dividend ETFs by Goran Radanovic appeared first on Benzinga. Visit Benzinga to get more great content like this. The rising popularity of monthly dividend ETFs has prompted major hedge fund firms to offer a large selection. Investors have numerous options, but knowing the factors to analyze in monthly dividend ETFs is key to making the right investment. We have explored the best assets, detailing their features and benefits as you search every stock … Continued The post Top Performing Monthly Dividend ETFs by Goran Radanovic appeared first on Benzinga. Visit Benzinga to get more great content like this.

Lennar Q2 GAAP earnings meet, revenue misses; full-year deliveries guidance trimmed

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SpaceX lifts off with record-breaking $1.8trn floatation

https://www.thetimes.com/business/companies-markets/article/spacex-lifts-off-with-record-breaking-18trn-floatation-q6jw52rmr?utm_medium=Social&utm_source=Reddit#Echobox=1781210965 Elon Musk’s SpaceX has raised $75 billion in a record-breaking initial public offering which values the satellite, rockets and artificial intelligence company at $1.77 trillion. The biggest IPO in history will see SpaceX rank seventh among America’s largest listed firms when its shares begin trading on the Nasdaq on Friday. It will also put Musk, 54, founder of SpaceX, on course to become the world’s first trillionaire. SpaceX priced 555.6 million shares at $135 each, according to a statement on the company’s website on Thursday. It raised $75 billion, far surpassing the size of previous record holder Saudi Aramco’s $29.4 billion listing in 2019. SpaceX, which is loss-making, is set to start trading on Friday at a valuation higher than highly profitable financial and tech behemoths, including Berkshire Hathaway, JP Morgan Chase and Meta Platforms submitted by /u/TimesandSundayTimes [link] [comments]

Federal Reserve finalizes data standards rule under the Financial Data Transparency Act

The new data standards rule will drive significant compliance changes, necessitating tech upgrades and process redesigns across financial sectors. The post Federal Reserve finalizes data standards rule under the Financial Data Transparency Act appeared first on Crypto Briefing.

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We're booking profits in a market rotation winner — further padding our growing cash pile

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Apple locked 450 million EU users out of its biggest Siri update ever

Been following the WWDC situation today and wanted to share what the numbers actually look like underneath the headlines, because i think there are a few things worth separating out here. Apple unveiled Siri AI at WWDC 2026, Tim Cook’s final keynote as CEO and the stock hit an all time intraday high of $317 yesterday morning then closed down around 2% at $301. The market was up on the day while Apple went the other way. Two things drove the drop. First, no firm timeline on when Siri AI actually ships to users. The AI overhaul was first teased at WWDC 2024 and two years of delays later it’s still in beta with no hard date. Second, Apple confirmed Siri AI won’t be available in the EU or mainland China at launch. that’s roughly 450 million EU users locked out of the feature that was supposed to drive the next iPhone upgrade cycle. here’s what the fundamental show: ROIC: 29.3% (5yr avg: 23.9%) Gross margin: 47.9% FCF margin: 24.3% Net margin: 26.9% Revenue CAGR 5yr: 11.1% P/E: 37.3x Fair value estimate: ~$250 (using 9% discount rate) Current price: ~$301 so even after today’s drop, my model puts Apple about 18-19% overvalued. The business itself is genuinely exceptional at 29% ROIC, $101B in annual free cash flow, 2.2 billion active devices. Nobody is questioning whether Apple is a great business however, the question is whether $301 is the right price for it. the EU situation is the thing that bothers me most from a valuation standpoint. This isn’t just a feature delay, it’s regulatory risk becoming a permanent part of the business model. If Apple’s AI roadmap keeps running into DMA compliance issues in Europe, that’s a structural constraint on the addressable market for every major product launch going forward. Europe is not a small market. There’s also the CEO transition happening in the background. Tim Cook is out, John Ternus is in. Ternus wasn’t even at the keynote today which is a weird signal for a guy about to take over the most valuable company in the world. Cook built the services revenue engine that transformed Apple’s margin profile. Whether ternus continues that or pivots back toward hardware is a genuine unknown. the bull case is straightforward as services revenue just hit $31B in the most recent quarter, an all time high. The installed base of 2.2B devices creates a recurring revenue moat that compounds quietly regardless of what Siri does and the AI story, while delayed, isn’t dead. When it does ship properly it could still drive a meaningful upgrade cycle. a few things i’m genuinely uncertain about. At 37x earnings for a company growing revenue at 11% annually, how much of the AI story is already priced in? and if the EU regulatory environment keeps expanding, how does that affect the long term services revenue trajectory in Europe specifically? curious what people think about the valuation here post drop. Is $301 a buying opportunity or does the AI delay and EU risk justify waiting for a lower entry point? sub

SpaceX IPO is in 2 days. I read the entire S-1 so you don't have to. Heres the good, the bad, and the absolutely insane.

On June 12, the largest ipo in the history of financial markets goes live( $135/share) at $1.77 trillion valuation and its a $75 billion raise which is more than triple saudi aramco's record from 2019 and bitpanda is listing SPCX from day one with fractional shares,i spent the last few days going through the S-1 filing and this is what actually matters. THE NUMBERS THAT BREAK YOUR BRAIN Spacex handles 82% of all US space launches and 45% of all commercial space contracts on the planet,starlink hit 10.3 million subscribers across 164 countries by end of Q1 2026 roughly double a year earlier and connectivity revenue hit $3.26 billion in q1 alone so about 69% of total company revenue. The total 2025 revenue came in at $18.7 billion across three segments Space, Starlink, and AI THE PART NOBODY IS TALKING ABOUT Spacex posted a $2.6 billion loss in 2025, its q1 2026 operating loss ballooned to $1.9 billion and over the past four quarters, spacex has burned through approximately $30 billion in cash meaning the entire $75 billion IPO raise disappears in roughly 2.5 years at the current burn rate. The ai unit alone spent $12.7 billion in capital expenditure in 2025, and another $7.7 billion just in q1 2026. At $1.77 trillion, this trades at nearly 95 times its 2025 revenue and even the most expensive mega cap tech companies rarely go above 30x sales. THE ELON FACTOR Musk owns Class B supervoting stock giving him approximately 85% of the voting power. The only person who can remove musk as ceo is Musk himself so you are buying a ticket to ride along with whatever Elon decides to do next.(although i like him but...) SO WHAT IS SPCX ACTUALLY? After the x ai merger in feb 2026, buying SPCX means you are buying starlink which is fastest growing internet service on the planet ,grok ai and the X platform and a balance sheet with $770M in Bitcoin All controlled by one man with 85% of the votes, burning $30 billion a year, priced at 95x sales and going public in 48 hours. I am not telling you to buy or avoid it,both cases are genuinely strong but what I will say is that whatever happens on June 12, it will not be boring. Not financial advice. Do your own research before investing submitted by /u/hellamarrie [link] [comments]

Weekly ETFs: Six of 11 sectors record outflows; materials sector leads inflows