The post SpaceX Stock Closes Below Opening Price for Second Straight Day Despite Nasdaq-100 Inclusion appeared on BitcoinEthereumNews.com.
Key highlights: SpaceX stock closed at $148, below its $150 IPO price for the second straight trading day The decline came just one day after the company joined the Nasdaq-100 Index Wall Street remains overwhelmingly bullish, with Morgan Stanley setting a $300 price target SpaceX shares continued their post-IPO decline on Wednesday, closing at $148, below the company’s debut trading price of $150 for a second consecutive session. The price drop comes despite what would normally be viewed as a major bullish catalyst. Earlier this week, the aerospace giant was added to the Nasdaq-100 Index, forcing index funds and exchange-traded funds tracking the benchmark to purchase shares. Instead of sparking a fresh rally, however, the inclusion has coincided with a two-day selloff that has pushed the stock further away from its post-IPO highs. Nasdaq-100 incl
The post TeraWulf Seeks $3.5B in Debt to Expand Its Kentucky AI Data Center appeared on BitcoinEthereumNews.com.
TeraWulf seeks $3.5B in debt, led by Morgan Stanley, to expand its AI data center. The expansion follows a 20-year lease projected to generate $19B by 2028. This financing would underscore growing institutional confidence in hosting AI data centers. Bitcoin miner TeraWulf Inc. (NASDAQ: WULF) is pursuing $3.5 billion in debt financing led by Morgan Stanley to expand its Anthropic-leased artificial intelligence (AI) data center campus in Kentucky. The expansion builds on a recent 20-year lease expected to generate $19 billion in revenue for roughly 400 megawatts (MW) of AI infrastructure capacity. TeraWulf Seeks $3.5B Debt to Expand Its Anthropic AI Data Center TeraWulf is preparing to raise approximately $3.5B in debt financing to expand its Justified Data campus in Hawesville, Kentucky, leased to Anthropic AI under a long-term agreement. The financing is expected to includ
The post Backpack opens 24/7 trading for real U.S. equities to overseas investors appeared on BitcoinEthereumNews.com.
Crypto wallet and exchange, Backpack, has launched 24/7 trading for international investors, allowing the buying and selling of real U.S. shares, starting with SpaceX (SPCX), Micron Technology (MU), and SanDisk (SNDK). Now traders outside the U.S. who previously had to wait for Wall Street’s opening bell, or settle for derivative products, can have American stocks at their fingertips. According to the company’s announcement, buyers hold the actual securities they acquire, with each position backed one-to-one by shares kept in U.S. custody. Holders are also entitled to dividends and corporate actions, the same as any registered shareholder. Backpack brings U.S. tokenized securities Backpack’s tokenized securities platform draws liquidity from traditional exchanges to ensure prices are moving even when the markets are closed, making overnight and weekend trading possible
SK hynix's Nasdaq debut highlights the escalating demand for AI infrastructure, potentially reshaping global tech investment dynamics.
The post SK hynix surges to $170 on Nasdaq debut, topping SpaceX’s opening day pop appeared first on Crypto Briefing.
The post Backpack Expands Tokenized Equities with 24/7 Trading appeared on BitcoinEthereumNews.com.
Crypto exchange Backpack has launched 24/7 trading for select tokenized US equities, allowing international investors to trade stocks including SpaceX, Micron and SanDisk around the clock. Under the initial offering, Backpack said that investors would receive direct ownership of the underlying securities rather than synthetic exposure, with trades settling instantly and funded in fiat currency or stablecoins. The initial offering includes a limited selection of US equities, with additional stocks planned. The company also offers Solana-based tokenized versions of the securities, which can be transferred between wallets, used in decentralized finance applications and converted 1:1 into the corresponding shares through Backpack. Backpack said the service is available to investors in more than 150 countries and regions and that trades are backed by liquidity from traditional exchanges. The
SpaceX's IPO sets a precedent for increased retail investor access, potentially reshaping future IPO strategies and market participation globally.
The post SpaceX IPO lays groundwork to attract UK retail investors in record-breaking listing appeared first on Crypto Briefing.
The 24/7 trading model could revolutionize global investment strategies, enhancing liquidity and real-time price discovery for US equities.
The post Backpack launches 24/7 market for US equities with SpaceX, Micron, and SanDisk appeared first on Crypto Briefing.
The post Morgan Stanley (MS) Stock Climbs on MSIP’s Nicollin Acquisition Deal appeared on BitcoinEthereumNews.com.
Key Highlights Morgan Stanley advances following MSIP’s exclusive negotiations for Nicollin control. Nicollin operates through 360 municipal agreements and serves 8,000 business clients nationwide. Investment priorities include vehicle fleet modernization, emissions reduction, and enhanced public services. Founding family members will maintain ownership participation and continue supporting development. Transaction completion is anticipated in Q4 2026, subject to regulatory clearance. Morgan Stanley (MS) stock increased 0.42% to reach $223.06 following news that its infrastructure division initiated acquisition discussions for a prominent French environmental services provider. Morgan Stanley Infrastructure Partners (MSIP) has entered exclusive negotiations to secure a controlling position in Nicollin Environnement. This transaction would significantly broaden MSIP’s portf
Anthropic introduced a new feature called Reflect, a dashboard allowing Claude users to track and visualize their AI usage patterns, topics discussed, and task types. Beyond analytics, Reflect is designed to encourage mindful AI use, periodically prompting users with reflective questions and offering tools to set quiet hours or scheduled breaks. The feature also provides […]
