2 Reasons July 7 Is Shaping Up as a Monster Day for SpaceX
Circle your calendar, because two upside catalysts are converging on the same day.
Overview
June has been a history-maker for Wall Street. Not only did the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite catapult to new highs earlier this month, but investors also witnessed the largest-ever initial public offering (IPO) take shape, courtesy of Space Exploration Technologies (SpaceX)(NASDAQ: SPCX).
Elon Musk's artificial intelligence (AI) and space economy conglomerate debuted on June 12 and ultimately raised $85.7 billion (including the underwriters' overallotment) -- nearly triple the amount that overseas oil giant Saudi Aramco raised with its December 2019 IPO.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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