Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: This is the closing bell on this stock mover's report
Speaker 2: the company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenoveck, Romain Bostik, and Katie Greifel.
Speaker 3: So we got to go to the bell of the ball.
Speaker 3: SpaceX today making history largest IPO ever, historic seventy five
Speaker 3: billion dollar IPO dream more than three hundred and fifty
Speaker 3: billion in demand from institutions and retail investors, although not
Speaker 3: everybody got what they wanted in terms of exposure there.
Speaker 3: This according to People Familiar, made elon the first trillionaire.
Speaker 3: Did you look at rich Go.
Speaker 4: Yeah, it hasn't been updated yet. It just pulled it up,
Speaker 4: but he's still a nine hundred and seventy.
Speaker 1: Billion, so equal to seven Warren Buffetts. According to Top Live.
Speaker 3: Nice, there's some perspective for you, right, all right. The
Speaker 3: stock though at its highs today thirty percent to the
Speaker 3: upside at a hundred and seventy six a year, but
Speaker 3: that's not where it closed. It closed with a nineteen
Speaker 3: percent gain stock closing it one sixty one eleven a share,
Speaker 3: so one hundred and sixty one dollars eleven cents a
Speaker 3: share company market cap. I'm just going to quick pull
Speaker 3: it up. I think it stayed above two trillion dollars,
Speaker 3: but that's where we saw it. Yeah, two point one
Speaker 3: trillion at the close here, So it'll be a fun
Speaker 3: one to watch throughout the rest of this year.
Speaker 1: I would also like to point out the stock is
Speaker 1: still going, you know, meaning they're trying to settle all
Speaker 1: these trades here and it's still even here. So obviously
Speaker 1: incremental mods but stale training.
Speaker 3: No, that's a really good point here.
Speaker 4: I can't get don't they know what time things close?
Speaker 1: Money never sleeps, so thering.
Speaker 3: Problems with my gop and gipo functions right now, so
Speaker 3: maybe you just can't keep up. Intel is another gainer
Speaker 3: I wanted to point out, continuing its climb. It gained
Speaker 3: more than nine percent yesterday, another six and a half
Speaker 3: percent to the upside today. It was a top gainer
Speaker 3: in the Nasdaq one hundred and also the S and
Speaker 3: P five hundred. That stock folks up about twenty five
Speaker 3: percent this week alone. We know the news yesterday a
Speaker 3: double upgrade to a buy, but it just continues to
Speaker 3: attract investors in terms of the trade stuck up about
Speaker 3: two hundred and thirty five percent year to date. So
Speaker 3: I just wanted to throw that one in there, and
Speaker 3: then Roku that was a late ad. Thank you very much,
Speaker 3: Finley for throwing that in for me. Stock up about
Speaker 3: twenty percent here at the close, Roku said to be
Speaker 3: in talk to sell itself, with discussions being held that
Speaker 3: with at least one US media company about a potential combination.
Speaker 3: No final decision has been made, and it may ultimately
Speaker 3: not lead to a sale, according to those in the know,
Speaker 3: but nonetheless definitely a standout in today's session.
Speaker 4: Okay, you've got the gainers, I got the decliners. It
Speaker 4: wasn't just SpaceX that moved in today's session.
Speaker 2: A lot of.
Speaker 4: SpaceX stock, A lot of Space stocks, I should say,
Speaker 4: moved lower today. Seven percent of the downside for the
Speaker 4: procure Space ETF. In fact, if you look inside that ETF,
Speaker 4: it's been down really since the beginning of the day.
Speaker 4: Virgin Galactic, which has been on a tarfel thirty two percent,
Speaker 4: Momentous down twenty seven percent, five Fly Aerospace down nineteen percent,
Speaker 4: Ast space Mobile down fifteen and a half percent. Thirty
Speaker 4: four stocks in there were lower, fourteen were higher. So
Speaker 4: the momentum going into this was that a lot of
Speaker 4: these stocks did go up. But the decline in space
Speaker 4: related stock really underscores how speculative the space business remains.
Speaker 4: Some investors shifting attention to SpaceX instead of smaller companies
Speaker 4: in the industry.
Speaker 1: I was actually a little surprised by this. I know,
Speaker 1: it's just one day, and this could obviously change a
Speaker 1: lot over the next few days and weeks, but I
Speaker 1: would think that just with SpaceX arrival, that would actually
Speaker 1: brought Now.
Speaker 4: Well, do you think let's say, let's say you were
Speaker 4: a big believer in space, yeah, and you in the
Speaker 4: future of space, maybe you shifted some of your assets
Speaker 4: from these companies to SpaceX.
Speaker 1: Yeah, that's perhaps a little and some people are going
Speaker 1: to look at SpaceX as the proxy for yeah it
Speaker 1: all and you know, the same way people look at
Speaker 1: video as the proxy for everything in the AI did or.
Speaker 4: Maybe those people wanted to buy a piece of Twitter
Speaker 4: that remember is now the tiny pe you had to
Speaker 4: go there of SpaceX, I had to go there the
Speaker 4: company formerly known as Twitter. Let's go to.
Speaker 1: Today, by the way, speaking of which, not the digrect ahead,
Speaker 1: I reactivated my Instagram account. I haven't posted anything.
Speaker 4: Yeah, okay, yeah.
Speaker 1: I had a beef with Zuckerberg for a while. We
Speaker 1: settled it.
Speaker 4: Do you follow us all on Instagram?
Speaker 1: Or what's the plan? I literally like reactivated in the
Speaker 1: limo ride in to work today.
Speaker 2: All right, But.
Speaker 1: When I'm back in the helicopter on the.
Speaker 4: Way to thank you, let's talk software. I want to
Speaker 4: go to the I Shares Expanded Tech Software ets.
Speaker 1: Is Katie rifle Worth following one? Yeah?
Speaker 4: So I'm very fun. I post a lot of jokes.
Speaker 4: See if she makes the close friends list. That's the question,
Speaker 4: right segue, that's the question. You might not see anything
Speaker 4: from Katie. That ETF l today by about two tenths
Speaker 4: of one percent. This actually extended a recent slump that's
Speaker 4: put the software sector on track for its longest losing
Speaker 4: streak in about two decades, it felt today, and it's
Speaker 4: the stocks ninth straight negative session, its longest such streak
Speaker 4: going back to a nine day drop that ended going
Speaker 4: back to two thousand and six, So pretty substantial here.
Speaker 4: It's a proxy for the software industry, which guys gets
Speaker 4: me to my final decline?
Speaker 1: Can I just point out though, and I know, Adobe
Speaker 1: was obviously the poster child.
Speaker 4: That's where I'm going.
Speaker 1: Oh okay, sorry, oh.
Speaker 4: Okay, Well, Adobe shares took a hit today, Patience. It's okay.
Speaker 2: I know that.
Speaker 1: Editorially, you just send me a memo as to that
Speaker 1: what you're going to talk about literally in.
Speaker 4: The chat, I know, but that everybody has access to you.
Speaker 4: But that's okay. Busy on the company. We covered this
Speaker 4: l yesterday it said it's CFO would depart, leaving a
Speaker 4: leadership vacuum. Following the CEO's announce resignation, shares of Adobe
Speaker 4: today we're down throughout the day today. They end up
Speaker 4: settling lower by about six point eight percent. The quarterly
Speaker 4: results and outlooks are pastoralist expectations, but it really was
Speaker 4: the personnel stuff the CFO announcement that overshadowed the results
Speaker 4: and led to the slide and shares today.
Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with
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Speaker 3: Mhm