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(Bloomberg) -- Elon Musk’s Space Exploration Technologies Corp. is close to finalizing $2 billion in new funding after the company increased the size of the round due to strong demand, according to people familiar with the matter.Fidelity Investments, an existing investor, is one of the biggest participants in the round, one of the people said, asking not to be identified because the matter is private.A representative for Hawthorne, California-based SpaceX didn’t immediately respond to a request for comment. A representative for Fidelity declined to comment.The company had been in discussions to raise about $1 billion at a price of $270 a share, Bloomberg News previously reported. Not including the new funds, that would’ve valued SpaceX at $44 billion.When the transaction is finalized, the company will have an equity value of $46 billion, including the fresh $2 billion in capital. This ranks SpaceX as one of the most valuable U.S. venture-backed companies.The...
Rates have jumped to their highest levels in months, but you can still get a bargain....
LAVAL, QC, Aug. 14, 2020 /CNW Telbec/ - Neptune Wellness Solutions Inc....
Aug.14 -- Adam Boehler, U.S. International Development Finance Corp. chief executive officer, comments on Congress and the Securities and Exchange Commission investigating the federal agency's $765 million loan to Eastman Kodak Co. and the stock compensation to the company’s executives made before the financing deal became public. He speaks with Bloomberg's Caroline Hyde, Romaine Bostick and Taylor Riggs on "Bloomberg Markets: The Close."...
Yahoo Finance's Jared Blikre joins Akiko Fujita to break down the day's price action in stocks as well as a long in Newmont (NEM), a Yahoo Finance Premium Investment Idea. Not a subscriber? Start your free trial to join future webinars live!...
Pundits love telling investors how to invest their money, but seldom does one go over a list of how not to invest in stocks. CNBC's Jim Cramer went over during his "Mad Money" show what he calls his "seven deadly sins of investing."1\. No Cheerleading: There is no room for "cheerleading" in stocks, Cramer said. Instead of cheering a winning stock in hopes it goes even higher, take some profits off the table, the CNBC host said. "Buy low, sell high -- not buy low, cheerlead high." 2\. Don't Fall Into Momentum Traps: Investors need to avoid buying stocks for the simple reason that they're going up, Cramer said. In fact, investors should be able to understand how a company makes money and list three reasons for buying the stock.3\. Don't Look For The Next Big Thing: There is one and only one Tesla Inc (NASDAQ: TSLA) in the market, Cramer...
Facebook, Inc. (NASDAQ: FB) shares are now up 38.2% in the past year despite a seemingly never-ending stream of negative headlines.On Friday, the largest of a series of big Facebook option trades were more bullish than bearish, suggesting smart money is betting the Facebook rally continues.The Trades: On Friday, Benzinga Pro subscribers received 11 option alerts related to unusually large trades of Facebook options. Here are a handful of the biggest: * At 10:25 a.m., a trader bought 995 Facebook call options with a $250 strike price expiring on Oct. 16 at the ask price of $20.50. The trade represented a $2.03 million bullish bet. * At 11:32 a.m., a trader bought 886 Facebook call options with a $295 strike price expiring on January, 15 2021 at the ask price of $13. The trade represented a $1.15 million bullish bet. * At 11:59 a.m., a trader sold 1,500 Facebook put options...
