SpaceX is experiencing potential selling pressure due to the eligibility of up to 911.5 million shares for trading. This development offers certain employees and early investors the chance to sell shares acquired prior to the company's record-breaking IPO. On Wednesday, the stock saw a nearly 14% drop, closing at $108.27, marking its second-largest single-day decline. This leaves the shares approximately 20% below the IPO...
In a significant diplomatic development, the United States has announced that negotiations with Iran regarding the reopening of the Strait of Hormuz are making headway. US Treasury Secretary Scott Bessent expressed optimism, suggesting that an agreement could be reached imminently, potentially within a day or two. This strategic waterway, which is crucial for global oil and energy transportation, has been a focal point of...
