| Mobile Web

Search results for Class A shares

Industry

With 3 million won, retail investors can buy SpaceX shares; five cautions for overseas stock buyers

SpaceX plans to sharply expand the portion of IPO shares allocated to retail investors, potentially up to 30 percent, Bloomberg reported. Subscriptions will be taken through brokers including Charles Schwab, Fidelity and Robinhood, with Fidelity allowing accounts with at least $2,000. The article flags potential oversubscription, post-listing volatility, restrictions on quick resale, historical limits of first-day gains, the company’s debt and losses, concentrated voting control by Elon Musk, and possible ticker confusion with Virgin Galactic.

Crypto

Strive buys 1,109 more bitcoin, ranks seventh among listed companies

Asset manager Strive bought an additional 1,109 bitcoin for $85.4 million, lifting total holdings to 16,500 bitcoin. The purchase put Strive seventh among listed companies by bitcoin holdings, ahead of Coinbase and Riot Platforms. CEO Matt Cole said the buy averaged about $76,989 per coin, while Strive’s overall average purchase price is $99,617. Strive said it supports purchases via its SATA preferred stock and disclosed higher cash and cash equivalents.