SpaceX

Banks that underwrote flotation unanimous in recommending shares trading below market debut price

Morgan Stanley gives Elon Musk’s AI and rocket stock $300 price target as quiet period ends following record IPO

A quiet start to the week saw marginal rise for Irish markets

Tech shares rebound ‌on Wall Street after last week’s sell-off

Swathes of SpaceX shares are set to hit the market in the coming months

Euronext Dublin finished the day down 1.1% after a number of the index’s main players suffered losses

Interest rate fears hit high-flying sectors as oil prices hold steady

Stock sheds hundreds of billions of dollars in market value

UK shares largely shrugged off news of prime minister Keir Starmer’s resignation

At $2.97tn, SpaceX briefly overtook Microsoft and Amazon to become the world’s fourth-most valuable company

Elon Musk’s AI, rocket and satellite group also announces $60bn deal for AI coding app Cursor

Dazzled SpaceX investors and frenzied brick-throwing boys in Belfast are all swallowing his dark fantasies

A firm that is a rocket-maker, broadcaster, chatbot and arm of the Pentagon is many things, but a foundation for national infrastructure is not one of them

Investing in SpaceX isn’t a bet on the company’s fundamentals, it’s a bet on Elon Musk

Travel stocks and financials among those to fare best as mood improves across all markets though not for Big Oil

Shares jump as much as 25% over IPO price on first day of trading after attracting orders for more than three times the amount on offer

Hype and hope collide in the biggest IPO in history

Inside Business podcast with Ciarán Hancock

Iseq edges down with Ryanair also falling

Iseq rises but banking stocks out of sorts

Analyst says IPO looks ‘like a way to lure unsuspecting investors into paying off’ debt, ‘fund an increasingly costly AI race and lock in a trillion-dollar pay day’

Elon Musk’s space exploration business thinks it’s worth $1.75tn, but some analysts value it at only half that

Early Edition with Aideen Finnegan

If Elon Musk succeeds in listing SpaceX on the stock market, our pensions could be invested in this one-sided racket

With listings now occurring later in a company’s life cycle, there could be implications for post-IPO share price performance

Roughly 90% of the touted $28.5tn ‘market opportunity’ pertains not to space but to AI and adjacent data-centre services

ChatGPT group founder’s reputation has taken a battering in a courtroom battle that was ultimately decided on a technicality

Financial ties range from Cybertruck purchases and shared private jets to stock investments

Veteran investors have long joked that IPO means It’s Probably Overpriced

It’s not like Amazon

Rule adjustments being made by index providers are bending long-standing norms to accommodate a single company

We should leave the moon alone

Spotlight on the Artemis II mission reveals the complexity of deep space travel

Starlink’s growth may justify optimism – but critics of Elon Musk say the numbers still require heroic assumptions

The long-dormant dream of establishing a permanent lunar base draws one step closer

Classic scenario typically sees a rush of companies selling to ravenous public; the AI boom has been more marked by buy-backs

Familiar territory as a cash-generating Musk company props up a riskier venture, with investors left to take it on faith

Tech billionaire and platform’s former chief Linda Yaccarino summoned for ‘voluntary interviews’ in April

SpaceX is requesting permission to launch as many as a million satellites into the Earth’s orbit to speed up its AI plans

Celestial calendar meets high finance, as billionaire’s personal impulses shape plans to raise $50bn in record listing