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SpaceX Shares Fall Below $135 IPO Price, But The Real Story Is Its Bonds
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...
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Mar 15, 2026 / Dave DeCamp
Pope Leo: Christian Leaders Responsible for Wars Should Make an Examination of Conscience and Confess
Pope Leo XIV on Friday suggested that Christian leaders responsible for wars should examine their conscience and make a confession, as the US-born pontiff continues to make appeals for peace following the start of the US-Israeli war against Iran. “One might ask: do those Christians who bear grave responsibility in armed conflicts have the humility […]
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Apr 8, 2026 / Dave DeCamp
Iranian Media: Iran Halting Traffic Through the Strait of Hormuz in Response to Israel’s Attacks on Lebanon
Iranian media reported on Wednesday that Iran has halted traffic through the Strait of Hormuz in response to Israel’s escalations and its continued bombing campaign in Lebanon. “The passage of oil tankers through the Strait of Hormuz has been halted following Israel’s attacks on Lebanon,” Iran’s Fars news agency has reported. Pakistan Prime Minister Shehbaz […]
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May 6, 2026 / Tyler Durden
World Starts To "Build" Around Hormuz; Japan Buying UAE Oil Bypassing Strait As ADNOC To Spend $55 Billion On Pipelines
World Starts To "Build" Around Hormuz; Japan Buying UAE Oil Bypassing Strait As ADNOC To Spend $55 Billion On Pipelines
Long after the Iran war is just a bookmark in the history books, one distinct consequence will persist: much of the world, at least the part that does not fall under the Chinese sphere of influence, will do everything it can to avoid the Strait of Hormuz and failing that, have a Plan B. Just like when the Biden admin weaponized the US Dollar in 2022 by booting Russia from...
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