The post SpaceX Stock Falls 35% From Peak Even After Nasdaq-100 Inclusion appeared on BitcoinEthereumNews.com.
SpaceX (SPCX) shares have fallen as much as 35% from their post-IPO peak of $225.64. The drop came just days after the company joined the Nasdaq-100, as heavy selling offset forced index buying. The stock closed at $148 on July 8, below its $150 debut price for a second straight session. That erased nearly all the gains SpaceX made since its record June 12 listing. A Sell-The-News Pattern for SPCX SpaceX’s Nasdaq-100 inclusion required index-tracking funds to buy shares, even though the company keeps a small public float. That mechanical demand did not stop investors from selling into the news. For a second day running, SPCX has traded under its opening IPO price. Image Source: Trading View This is a familiar pattern, as Palantir saw the same thing happen after it joined the Nasdaq-100 in late 2024. Its shares dropped about 25% over the following weeks. A Trillion-Dollar Valua
The post SpaceX Moves Bitcoin After Six Months but 18,712 BTC Stash Stays Intact appeared on BitcoinEthereumNews.com.
Bitcoin News SpaceX has moved Bitcoin for the first time in six months, on-chain data shows, reviving speculation that Elon Musk’s rocket company may be preparing to sell — though no disposal has been confirmed. Blockchain trackers flagged an $88 test transfer between wallets controlled by the firm, the first outbound Bitcoin activity from its addresses since early this year. Despite the renewed attention, SpaceX’s reported holdings remain unchanged at 18,712 BTC. The small transaction alone does not signal a sale, but it drew immediate market scrutiny given the company’s history of preceding larger wallet reshuffles with modest test sends. The nervousness stems from SpaceX’s track record of large custodial moves. In October 2025, the company relocated 2,495 BTC — worth roughly $257 million at the time — to two newly created wallets after months of dormancy. Earlier, in
CXMT's IPO could disrupt the global DRAM market, challenging existing oligopolies and reshaping the semiconductor supply chain dynamics.
The post China’s largest DRAM maker CXMT opens investor subscriptions for $4.3B IPO next week appeared first on Crypto Briefing.
Luxshare's IPO success highlights growing global investor confidence in Chinese tech, potentially boosting Hong Kong's financial market stature.
The post Luxshare raises $3.1B in Hong Kong’s biggest listing of 2026, signaling renewed appetite for Chinese tech supply chain plays appeared first on Crypto Briefing.
The launch of Musk-free ETFs highlights growing investor demand for reduced volatility and governance concerns in major index funds.
The post Subversive files ‘Elon-free’ S&P 500 and Nasdaq-100 ETFs, launching September 2026 appeared first on Crypto Briefing.
OpenAI's IPO ambitions and Altman's regulatory engagement could reshape AI market dynamics, impacting both equity and crypto investors.
The post Sam Altman’s CNBC interview arrives as OpenAI eyes public markets and WLD traders watch closely appeared first on Crypto Briefing.
The post Bank of America opens $520 million credit line to OpenAI before IPO appeared on BitcoinEthereumNews.com.
The Bank of America has offered a $520 million credit line to OpenAI, with the ChatGPT maker preparing to go public in an IPO. This move pulls one of Wall Street’s largest institutions deeper into the business of financing AI. This hands the Bank of America a foothold in what could become one of the biggest listings ever, and also signals that a historically cautious bank now sees AI startups as worth the financial risk. Bank of America makes a U-turn Bank of America, run by CEO Brian Moynihan, had kept its distance from AI startups because a lot of them kept losing money. However, increased competition in the AI financing sector has changed this. OpenAI had already pulled in more than $5 billion from other financiers, and the bank has calculated that sitting out meant potentially losing access to an IPO that could feed its Merrill Lynch wealth-management arm. The bank is a
The post SpaceX (SPCX) Stock Climbs as SpaceXAI-Cursor Joint AI Model Launch Approaches appeared on BitcoinEthereumNews.com.
Key Highlights SpaceXAI and Cursor are set to unveil their first collaborative AI model, potentially as early as Wednesday, according to The Information The release was postponed earlier in the week to enhance performance and efficiency The new model aims to rival OpenAI’s GPT-5.5 and Anthropic’s Opus 4.8 This development precedes SpaceX’s proposed $60 billion all-stock purchase of Anysphere, Cursor’s parent company SpaceX (SPCX) became part of the Nasdaq-100 on Tuesday, marking a swift rise following its June 12 public offering, with shares trading near $151 SpaceXAI and Cursor are on the verge of unveiling their first collaborative artificial intelligence model, with the rollout potentially happening as early as Wednesday, based on reporting from The Information that referenced an internal company memo. JUST IN: SpaceXAI plans to launch its first model with Cur
OpenAI's IPO and BofA's involvement could reshape AI investment dynamics, impacting both centralized and decentralized AI market strategies.
The post BofA extends $520M loan to OpenAI ahead of IPO appeared first on Crypto Briefing.
