Equities News

SpaceX will start trading on the Nasdaq on Friday after it priced its initial public offering at $135 per share.

Adobe’s CFO, Dan Durn, quits to join Marvell Technologies.

The new Onvo L60 starts at RMB 192,800, compared to Model Y’s starting price of RMB 263,500.

Elon Musk will retain decisive control over SpaceX even after the public listing.

Coinbase has launched "Coinbase for Agents," a standalone financial platform that empowers artificial intelligence bots to execute cryptocurrency trades.

Novo Nordisk revealed that the UK’s Medicines and Healthcare products Regulatory Agency (MHRA) has approved the Wegovy pill, following in the footsteps of the U.S. FDA.

The U.S. Securities and Exchange Commission proposed eliminating a trading rule introduced in 2005, saying advances in technology have made the regulation largely unnecessary.

InterDigital and Amazon settled their legal dispute by signing a patent license agreement covering Fire TV, Kindle, and Prime Video.

BlackRock has submitted an order of at least $5 billion for SpaceX shares ahead of the aerospace company’s record-shattering initial public offering.

Adial on Thursday announced that it has bought privately held Azora Therapeutics.

AMC said the additional capital provides greater financial flexibility as it pursues its long-term strategic priorities.

The appointment comes in the backdrop of a wave of executive departures and three CFO changes over the last year.

OpenAI has reached an agreement to acquire cloud platform startup Ona to integrate its cloud infrastructure into the Codex team and power the next generation of autonomous AI agents.

Propanc Biopharma announced the approval of a share buyback program worth up to $5 million.

Wolfe hiked its price target for Micron to $1,250 from $550, while maintaining its ‘Outperform’ rating on the stock.

The company said it will develop a platform that will process large volumes of unstructured digital conversations into meaningful intelligence.

Iranian state media outlet Fars News Agency stated that Starlink ground stations in Israel, Qatar, Jordan, the United Arab Emirates, and Oman are among the newly designated military targets.

On Thursday, Supermicro finalized the pricing for two fundraising deals: a 45.5 million common-share offering and a 75 million depositary-share offering linked to a new 7% mandatory convertible preferred stock.

According to a report by The Wall Street Journal, Prometheus is now valued at $41 billion, with Bezos, JPMorgan Chase, Goldman Sachs, and BlackRock participating in the fundraising.

According to a Reuters report, Chanos said that he believes SpaceX is not worth $1.75 trillion based on reasonable assumptions over the next five years.

In a post on Truth Social, Trump also warned that the U.S. will take over Iran’s Kharg Island in the not-too-distant future.

Energy Fuels expects to produce 1.6 million pounds of finished uranium from January through June 2026 at its 100%-owned White Mesa Mill in Utah.

Agentic AI could unlock a much larger opportunity for chipmakers than previously expected, according to Bank of America.

Guggenheim maintained its $400 price target for Oracle shares with a ‘Buy’ target, implying an upside potential of nearly 100% from Wednesday’s closing price.

Eaton announced that it has signed a definitive agreement with Dana under which Eaton will separate and combine its Mobility Group with Dana in a Reverse Morris Trust transaction.

JPMorgan said while DraftKings’ May operational data highlighted progress, it was not an indicator of near-term upside.

Jefferies hiked its price target for Navan to $26 from $18, implying an upside of nearly 25% compared to Wednesday’s closing price.

CoreWeave, which went public in March 2025, has stepped up debt issuance in recent months.

PureCycle Technologies priced a $395 million financing deal combining debt and stock offerings.

Wall Street remains divided on the ADBE’s near-term outlook, with the majority of the analysts rating the stock ‘Hold.’

He praised SpaceX's profitable Starlink business, called Anthropic's Claude a daily-use tool, and OpenAI "one of the most important players" in AI.

Flutter Entertainment expands FanDuel Predicts nationwide through a Crypto.com partnership.

Stocktwits data showed retail traders have turned cautious, with sentiment dipping to ‘bearish’ on SPY and ‘neutral’ on QQQ.

Aditxt’s Ignite unit has signed a merger agreement with SPAC Copley Acquisition Corp. and is expected to become a standalone NYSE-listed company.

Retail investors are increasingly viewing the recent pullback in memory stocks from their record highs as a buying opportunity.

Duolingo shares are rebounding as strong user growth, AI-driven content expansion, and a debt-free balance sheet ease fears of disruption.

SpaceX's IPO has reportedly attracted demand far exceeding available shares, with only about 7% of stock expected to be freely tradable after listing.

Beijing believes the internet giants’ aggressive price-cutting campaign could push retailers across China into losses, potentially undermining the economy.

The company expects demand for integrated defense platforms to grow.

Oracle’s rising debt levels and surging capital expenditures to build capacity for future orders have long been a source of concern for investors.

The thesis has broader implications for Falcon 9 users such as ASTS, PL and LUNR, all of which rely heavily on SpaceX launches.

Morgan Stanley cited that both long-term growth potential and several recent business trends strengthened Coca-Cola’s outlook.

CFO Adam Spice said that SpaceX's biggest opportunities now lie in Starlink, Starship and potentially space-based data centers.

At a time of surging demand for AI, the potential plan to lower prices is a problematic signal from the companies, experts say.

Capital continued to flow toward companies with visible execution and growth opportunities.

RIVN shares have come under pressure since R2 deliveries began, with buyers citing high lease payments and missing software features.

The firm expects Cava’s same-store sales to outperform competitors amid a challenging economic environment.

Black expects a strong debut, saying Goldman Sachs and Morgan Stanley could "engineer a Day 1 pop" for SpaceX investors.

Navan, Inc. raised its fiscal year 2027 revenue guidance following a strong first quarter that beat expectations due to resilient corporate travel demand.

SpaceX, Elon Musk’s space-transport and satellite business, is on track to complete the largest IPO in history on Friday, June 12, under the Nasdaq ticker SPCX.