Global Stock News

OpenAI IPO Major Reversal? SpaceX Surges 7%, AI Stocks Fully Revived, Analysts Say No Need to Delay Listing

OpenAI IPO Major Reversal? SpaceX Surges 7%, AI Stocks Fully Revived, Analysts Say No Need to Delay Listing

TradingKey – Although the rebound in SpaceX and AI stocks has created a favorable external environment to drive OpenAI’s listing this year as scheduled, the company’s own losses cannot be ignored.

On June 29, Eastern Time, the recovery in the stock price of Elon Musk’s space company, SpaceX (SPCX), along with a collective rebound in AI stocks, bolstered market expectations for OpenAI to go public this year. Among them, options analyst Bob Lang believes that “the current capital market demand for high-quality AI companies remains strong, and OpenAI has an IPO window.”

According to data, SpaceX shares surged over 7%, breaking through $160 to close at $164.19, returning above its closing price on its first trading day. In addition, the…

Source link

Share this article

Scroll to Top