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    Equity mutual funds deliver up to 33% return last week, international funds lead. Check top 12 with 20% gain
    How Musk's tactics left investors clamoring for SpaceX stock and ignoring risks

    One investor said that when SpaceX was privately held, he used a connection with a cousin of the billionaire entrepreneur to buy $10 million worth of stock in the satellite maker in 2018. A portfolio manager at a $500 billion U.S. fund said he had to use his relationship with a board member of the Musk-led Tesla for an allocation of SpaceX shares in 2023.

    Elon Musk created 4,400 millionaires in just 24 hours: How SpaceX's historic IPO changed welders, technicians and cafeteria workers' lives overnight

    SpaceX's historic IPO has created thousands of millionaires, with over 4,400 employees accumulating significant wealth through company stock. This massive employee wealth creation event saw individuals from various roles, like welders and engineers, benefit from their equity. The IPO's success transformed risky career choices into substantial financial windfalls, highlighting SpaceX's unique approach to rewarding its workforce.

    Nasdaq-100 drops Cognizant, adds AI-focused firms Astera, CoreWeave in quarterly reshuffle

    Cognizant Technology Solutions will be removed from the Nasdaq-100 index on June 22 after more than two decades. The reshuffle sees AI-focused firms like Astera Labs and CoreWeave added, reflecting a market shift towards AI and semiconductor companies. This change follows a significant drop in Cognizant's stock value over the past six months.

    US stocks: SpaceX shares close 19% higher in historic market debut, value surges past $2 trillion

    SpaceX's Nasdaq debut shattered expectations, soaring past $2 trillion and becoming the sixth-largest U.S. company. Investors, from institutions to retail fans, celebrated the record-breaking IPO, which raised $75 billion. Despite a reported loss last year, the company's ambitious vision and market opportunity captivated the market, with shares closing up 19%.

    SpaceX shares rise 11% in strong Nasdaq debut after $75 billion IPO

    SpaceX shares surged on their Nasdaq debut, valuing the company at nearly $1.96 trillion. This historic Initial Public Offering made Elon Musk the world's first trillionaire. The rocket maker raised substantial funds, surpassing Saudi Aramco's IPO. Investors are watching closely as SpaceX aims for Mars and beyond, with Starlink driving its growth.

    The Economic Times
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