Elon Musk’s rocket company SpaceX is now worth nearly $150 billion following a share sale by existing investors, according to CNBC. SpaceX shares are now valued at $81 a piece, one shareholder told The Information. Shares are up 5% from $77, where they were valued earlier this year ahead of the secondary sales, the person said. Secondary sales are when existing investors sell their shares to...
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DoorDash Should Buy Instacart Now
Instacart’s stock price performance so far brings to mind a variation on the old line about love: Is it better to have gone public and lost, or never to have gone public at all? The shares fell 9% on Monday to $26.96, 10% below its IPO price, following our scoop that the Wall Street analysts at the banks underwriting the offering are projecting a severe slowdown in Instacart’s growth in the...
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