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Major Wall Street brokerages have initiated coverage of SpaceX following the expiration of the 25-day quiet period after the company’s June initial public offering, with nearly every major bank launching their research with bullish ratings. The aerospace and satellite company raised $75 billion in one of the year’s largest IPOs, pricing shares at $135 in…
Coinbase has entered new territory by launching perpetual futures contracts on pre-IPO companies, beginning with Elon Musk’s SpaceX. The move marks a significant expansion of the exchange’s derivatives offerings and opens up a previously inaccessible asset class to retail traders on a regulated platform. The new product allows users to trade leveraged positions on private…
Chun Wang, the Chinese-born Maltese entrepreneur who founded F2Pool, one of the world’s largest Bitcoin mining pools, has committed to joining SpaceX’s first planned manned mission to Mars. The crypto industry figure announced his participation after purchasing a ticket for the two-year interplanetary voyage, marking another instance of wealthy tech entrepreneurs funding ambitious space exploration…
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