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15.07.26 - 20:15
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SpaceX Shares Fall Below $135 IPO Price, But The Real Story Is Its Bonds (ZeroHedge)
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SpaceX Shares Fall Below $135 IPO Price, But The Real Story Is Its Bonds
SpaceX has slipped below its much-hyped $135 IPO price, and down 40% from the all time high hit during the June 15th gamma squeeze when the stock surged above $220 if ovenright trading, an "inevitable outcome" according to Bloomberg, which lends some validation to the skepticism surrounding "a valuation that always relied more on imagination than observable fundamentals."
Wall Street's price target estimates spanned from roughly $60 to $800 (from Raymond James), a forecast that was 5x above the IPO price...
... a remarkable range that underscored just how little conviction existed around intrinsic value, and where all the upside is based on the Musk "story.".
As Bloomberg's Brendan Fagan writes, "when analysts cannot even agree within hundreds of billions of dollars on what a company is worth, valuation becomes an exercise in storytelling rather than finance." Not like that shoul...
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15.07.26 - 17:31
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Deutsche Anleihen: Kaum bewegt (DPA-AFX)
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FRANKFURT (dpa-AFX) - Die Kurse deutscher Staatsanleihen haben sich am Mittwoch kaum bewegt. Der richtungweisende Euro-Bund-Future lag am Nachmittag wenig verändert bei 125,09 Punkte. Die Rendite der zehnjährigen Bundesanleihe betrug 3,11 Prozent....
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15.07.26 - 16:30
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Bank Of Canada Holds Interest Rates Steady (RTTNews)
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The Bank of Canada on Wednesday announced its widely expected decision to once again leave interest rates unchanged. The Canadian central bank said it decided to hold its target for the overnight rate at 2.25 percent, with the Bank Rate at 2.50 percent and the deposit rate at 2.20 percent....
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