SpaceX grounded world s biggest IPO falls below listing price Morning Bid
SpaceX has fallen back below its $135 listing price and sits more than 30% off its post-listing peak, with insiders expected to begin selling as lockup periods expire over the coming months. The company has yet to confirm a date for its first earnings report. TSMC's record 77% profit jump offers some relief to chip investors after a rocky week. Plus, the British pound climbs to a one-year high against the euro on UK finance minister speculation.
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Video Summary
AI GeneratedTSMC reports record second-quarter profits, signaling strong AI demand despite recent volatility in Asian chip stocks. Meanwhile, SpaceX shares have fallen below their IPO price due to lockup period concerns and valuation nerves. In the UK, the British pound has reached a one-year high against the euro amid speculation that a fiscally conservative Chancellor will be appointed.
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