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SpaceX Stock Drops 8.75% After Cursor Deal, Valuation Questioned
SpaceX stock fell 8.75% after Cursor acquisition. Morningstar values it at $62; Oppenheimer targets $250. Market cap: $2.8 trillion.
Thailand’s $30B Land Bridge Targets Malacca Strait Trade, June 20
Thailand’s $30 billion Land Bridge project links Chumphon and Ranong ports, potentially reducing logistics costs by 30% and transit times by 14 days.
Sensex Falls 820 Points as Nifty Drops Below 24,000, June 20
Sensex falls 820 points, Nifty drops below 24,000 after Accenture cuts revenue guidance. Indian IT stocks plunge on weak global demand.
MSCI Keeps Indonesia in Emerging Markets, Lowers Transparency Grade, June 20
MSCI keeps Indonesia in emerging markets but downgrades transparency rating amid foreign investor outflows and ownership opacity concerns.
SpaceX Stock Falls 6.5% as Post-IPO Rally Cools, June 20
SpaceX stock falls 6.5% to $178.50 after post-IPO rally fizzles amid valuation concerns and profit-taking.
Air New Zealand CEO Bets on AI as Tech Challenges Mount, June 20
Air New Zealand’s CEO pursues AI-powered airline strategy amid fuel costs and currency headwinds.
Hong Kong Launches RMB Bond Futures as China Cuts US Treasury Holdings
Hong Kong launches RMB bond futures August 3 as China trims US Treasury holdings to $651.1 billion, lowest since 2008, amid geopolitical uncertainty.
ElevationSpace Raises ¥6.4B in Series B, Eyes Global Space Market
ElevationSpace secures ¥6.4B Series B funding for reentry satellite technology, bringing total funding to ¥10.1B for space-to-Earth cargo transport.
SpaceX Stock Falls to $185 After Cursor Deal, June 19
SpaceX stock falls to $185 after Cursor acquisition. Down from $212 peak but 37% above IPO price. Morningstar fair value estimate: $62.