Closing Bell: SpaceX Soars, Roku Gains, Space Stocks Decline

About this episode

This episode covers the significant movements in the stock market, including SpaceX's record IPO and Roku's potential sale discussions.

On this episode of Stock Movers: Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Griefeld, Carol Massar and Tim Stenovec - Shares of SpaceX (SPCX) climbed in their first day of trading on Friday following a $75 billion IPO that smashed records and instantly turned the crown jewel of Elon Musk’s business empire into one of the most-valuable public companies in the world.The stock climbed as high as $176.52, or 31% above its offering price, in afternoon trading in New York. The jump in price turned Musk into the world’s first trillionaire and sent the company’s market capitalization above $2 trillion. - Roku (ROKU) is in talks to sell itself, with discussions being held with at least one US media company about a potential combination. No final decisions have been made on a potential sale, and there's no certainty the deliberations will lead to a transaction. Roku's shares rose as much as 24% in New York trading Friday, giving the company a market value of more than $21 billion. - SpaceX’s initial public offering triggered a selloff in the shares…

People in this episode

Hosts: Romaine Bostick, Katie Griefeld, Carol Massar, Tim Stenovec

Topics covered

• SpaceX IPO
• Roku acquisition talks
• US market close
• stock market analysis
• space stocks decline

Keywords

• SpaceX
• Roku
• IPO
• stock market
• space stocks
• Bloomberg
• trillionaire

Mentioned in this episode

Organizations: SpaceX, Roku, Bloomberg Television, Bloomberg Radio, Rocket Lab Corp., Redwire Corp., Virgin Galactic Holdings Inc.

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