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SpaceX shares slide below IPO price for first time as surge fizzles
Category
Business
Published
Wednesday, July 15, 2026 at 8:13 PM
Publisher
The Guardian Business
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The Guardian Business 5 days ago

SpaceX shares slide below IPO price for first time as surge fizzles

Quick Summary

Shares fall below $135 price after firm completed biggest ever IPO and made Elon Musk world’s first trillionaire SpaceX shares dropped below their initial public offering price for the first time on Wednesday, just over a ⁠month after the rockets-to-AI firm completed ⁠the biggest IPO ever and ​made Elon Musk the world’s first trillionaire. The shares slid 1.5% to $134, falling below the $135 IPO price and well below last month’s high that briefly propelled the company’s market valuation above those of Silicon Valley giants Microsoft and Amazon, firms with longer ⁠public track records and stronger financial results. Continue reading...

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CNBC Top News 42 minutes ago

SpaceX sets earnings date, triggering first lock-up expiration for millions of shares
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Spanish hotel chain ceases operations in Cuba under pressure from Washington
Spanish hotel chain ceases operations in Cuba under pressure from Washington

Meliá group says Donald Trump’s sanctions make it ‘impossible’ to keep any of its 34 sites open A Spanish hotel chain is to cease all operations in Cuba at the end of the week due to “major difficulties” in doing business on the island under growing pressure from Washington. The latest US sanctions make it “impossible, de facto and de jure, to maintain even minimal operational stability”, the Meliá group explained in a statement on Tuesday to the Spanish stock market regulator. Continue reading...

The Guardian Business 1 hour ago
US claims of Cuba’s ‘unique threat’ jar with reality of hunger and blackouts
US claims of Cuba’s ‘unique threat’ jar with reality of hunger and blackouts

State department’s 100-page report is latest push in Trump administration campaign to bring down government The US government’s latest allegations that Cuba is behind “many of the most significant upheavals in recent American political history” and that its leaders pose “a unique threat to American homeland security” have come as startling revelations to those living under the six-month-long US oil blockade in Havana, where desperate people search through piles of uncollected rubbish for food, or else swelter at home in 24-hour-plus blackouts. The unsigned 100-page report, Cuba: Capital of 21st-Century Communism, published by the US state department on Monday, blames Havana for everything from “the George Floyd riots to the rise of antifa to the explosion of pro-terrorist activism on American college campuses”. Continue reading...

The Guardian Business 2 hours ago

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