SpaceX’s share price has dropped below its stock market debut just over a month ago, falling sharply from a post-float peak. The price for a single share in Elon Musk’s rocket, satellite and artificial intelligence (AI) company fell to $132.62 (£98.24) on Wednesday, below its initial listing of $135 in June. SpaceX’s initial public offering…
SpaceX investors have swung from celebration to apparent concern in its first month as a publicly traded company. When shares in the firm, co-founded and led by Elon Musk, first became available for individuals to buy on the public stock market on 12 June, there was an investor frenzy. Although the company had decided to…
Demand for SK Hynix’s offering was reportedly over seven times more than the number of shares available, highlighting the strong investor appetite for a key company in the AI supply chain. The bumper appetite effectively means investors were so desperate to buy the shares that the company was able to charge a price 2.9% higher…
South Korea has unveiled plans for at least $880bn (£666bn) of investments to build out the country’s chip manufacturing and artificial intelligence (AI) capabilities in the coming years. It is part of the country’s so-called Three Mega Projects to develop new chip production hubs, data centres and robotics technology. The plan is aimed at rejuvenating…
“Somebody at 80 years old just doesn’t have the physical stamina, the mental stamina for that office,” said Rahm Emanuel, a prominent Democrat who is interested in running for president in 2028, and who has called for a mandatory retirement age of 75 for many top federal positions. Mr. Emanuel, who served as a chief…
Stay informed with free updates Simply sign up to the US equities myFT Digest — delivered directly to your inbox. Wall Street’s rebound since late March has been driven by the smallest number of stocks on record, pushing US market concentration to an all-time high and prompting warnings about the “fragility” of the rally. The…
