QtrendsSpaceX IPO priced at $135, set for Friday trading debut
SpaceX's historic initial public offering has been priced at $135 per share, with trading set to begin on Friday. The IPO has drawn record-breaking demand from both domestic and foreign investors. The offering has also spawned leveraged ETFs for bullish and bearish bets on the stock. Wall Street futures ticked higher ahead of the highly anticipated market debut.
Sources:
A look at the SpaceX IPO by the numbers
(AP News)
US inflation has reached its highest level in three years, with consumer prices rising at the fastest rate since 2023. Former President Donald Trump surprised observers by saying "I love the inflation," offering an unconventional take on the higher cost of living. Meanwhile, economist Kevin Warsh argues that the headline inflation figures do not tell the full story about the economy.
Forbes traces the wealth boom from the Rockefeller era to the present, noting that the rise of billionaires is leading toward the world's first trillionaire. The record-breaking SpaceX IPO further cements Elon Musk's financial power. A key early investor who loaned Musk $1 million during a crisis is now poised for a massive windfall.
The artificial intelligence boom is creating a surge in job opportunities, but primarily for experienced professionals rather than entry-level workers. A Russian-born billionaire is planning to turn Ohio into an AI hub. Experts also explore how AI agents can help cities operate more efficiently and intelligently.