The analysis: Truist chief investment officer Keith Lerner studied 30 of the last major IPOs, which showed forward returns skew negative at the six- and 12-month horizons. The majority face substantial drawdowns in the first year. Two callouts from Lerner's new analysis:

By Akash Sriram NEW YORK, June 9 (Reuters) - SpaceX executives say the company is aiming to launch initial demonstrations of space-based artificial intelligence computing infrastructure by late 2027,

The Federal Aviation Administration (FAA) approved test flights of SpaceX’s Starfall, an uncrewed capsule designed to perform research and development in the microgravity environment, as well as provide point-to-point cargo delivery.

SpaceX is set to go public on June 12.

SpaceX will debut on the Nasdaq on Friday under the ticker SPCX, in what is expected to be the largest initial public offering in Wall Street history, targeting a $135 share price and a valuation

Tom Mueller built the rocket engines that gave Elon Musk outer space. Now, he's racing to create a fleet of cabs for the cosmos.

SpaceX's new Gigasat factory will mass-produce AI satellites for orbital data centers. Musk says the company is targeting 1 GW of space AI compute by 2027 and 100 GW per year by 2030.

Elon Musk is likely to become the world’s first trillionaire when Space X makes its market debut. MS NOW’s Business Analyst Ron Insana breaks down the numbers behind the historic feat… with Catherine