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The post Rivian stock falls 12% amid plans to sell 75 million shares appeared on BitcoinEthereumNews.com. A motherboard from one of Rivian’s all-electric vehicles. Michael Wayland / CNBC Rivian Automotive stock plunged more than 10% during early trading on Tuesday after the electric vehicle maker announced a public offering of 75 million shares of its Class A common stock. The capital raise occurred during extended hours trading after Rivian shares rose 8.1% on Monday. The stock also increased 19% last week. Based on Monday’s close of $20.14 per share, Rivian would raise roughly $1.51 billion with the offering. Rivian said in a filing that it plans to use the proceeds to fund equity contributions as part of a loan agreement with the U.S. Department of Energy. Rivian said in the public filing that it intended to grant underwriters an option for a period of 30 days to purchase up to an additional 11.25 million shares. Stock Chart IconStock chart icon Rivian stock The raise follows Riv
Read full articleThe UK's stablecoin regulations could redefine global financial systems, positioning stablecoins as pivotal tools for economic integration. The post Circle’s Heath Tarbert calls UK stablecoin regulations ‘revolutionary’ in CNBC interview appeared first on Crypto Briefing.
The post Stellantis to sell small Fiat Topolino EV for $13,995 in U.S. appeared on BitcoinEthereumNews.com. Stellantis plans to offer the Fiat Topolino, an all-electric quadricycle vehicle, in the U.S. Stellantis DETROIT — Chrysler parent Stellantis on Tuesday said it has opened ordering for its small Fiat Topolino electric vehicle in the U.S., starting at $13,995. While the Topolino resembles a small car such as the Fiat 500, the EV is actually a quadricycle that functions more like a golf cart. Stellantis said the Topolino is capable of going 19 mph, with an electric range of up to 46 miles. A “Low Speed Vehicle” conversion kit can boost the top speed to 25 mph to make it street legal on roads with speed limits of 35 mph or less, according to the trans-Atlantic automaker. A Stallantis spokeswoman said there will be no charge for the conversion kit but confirmed a mandatory destination fee will add $990 to the base price, bringing the customer price to $14,985. The Topolino, which tra
South Korean memory chipmaker SK Hynix has filed to sell nearly 17.8 million shares in a U.S. IPO, with the offering expected to price on Thursday and begin trading on Friday. Based on the company’s recent Seoul closing price, the listing could raise approximately $28 billion, according to Bloomberg, making it one of the largest […]
Micron's stock volatility highlights the cyclical nature of the memory market, raising concerns about sustainability amid AI-driven demand. The post Micron stock falls as investors speculate on memory market peak appeared first on Crypto Briefing.
The post Wall Street analysts set SpaceX stock price target for 12 months appeared on BitcoinEthereumNews.com. As Space Exploration Technologies Corp. (NASDAQ:SPCX) shares traded in consolidation over the past two weeks, more than a dozen Wall Street analysts initiated coverage of SpaceX stock on July 7, 2027. On Tuesday, Brian Gesuale, an analyst at Raymond James, initiated coverage of SpaceX stock with a ‘Strong Buy’ rating. He also set his 12-month price target for SpaceX stock at $800, signaling a nearly 400% bull rally. Brian Dobson, an analyst at Clear Street, set a price target of $217 for SPCX stock. Jonathan Siegman, an analyst at Stifel Nicolaus, set his 12-month price target of $190 for SPCX stock. Ken Gawrelski, an analyst at Wells Fargo, set a 12-month price target of $230 for SPCX stock. John Goyn, a Wall Street analyst at Citigroup Inc. (NYSE: C), set a price target of $200. Adam Jonas, an analyst at Morgan Stanley (NYSE: MS), set a 12-month price target of $300. Eric Sh
The post SpaceX in Nasdaq 100: The Risk Repricing Case appeared on BitcoinEthereumNews.com. One stock can change the tone of a whole market. SpaceX stepping into the Nasdaq 100 is that kind of moment. It is not just another trophy ticker sliding into a big index. It is forced flows, crowded hedges, and a new narrative magnet for risk. If you trade tech, track ETFs, or even hold Bitcoin as your beta sleeve, you will feel this in some way. Maybe not on day one. But the plumbing is already moving. Let’s map the mechanics, the calendar, and the places this could leak into crypto and broader risk. Point Details Inclusion date Nasdaq said SpaceX (SPCX) joins the Nasdaq 100 before the open on Tue, Jul 7, 2026 Nasdaq press release. Forced buying size ETF.com estimates roughly 4.3 billion dollars of SPCX for QQQ alone, and 22 to 27 billion dollars of mechanical buying across Nasdaq 100 and Russell trackers ETF.com. IPO terms set float IPO priced at 135 dollar
SpaceX's valuation highlights the dominance of Starlink and future tech over traditional space ventures, reshaping investor expectations. The post Morgan Stanley values SpaceX’s space segment at just $8 per share in a $135 stock appeared first on Crypto Briefing.
American Bitcoin added 500 BTC to lift holdings to 8,000 BTC, while a reverse split and a 60% stock drop keep pressure on ABTC shares.
