markets

J. Edward Moreno11/24/25

Grindr falls after company ends engagement on take-private proposal

Grindr fell in premarket trading after it announced that a committee of board members decided to disengage with a take-private proposal by its majority shareholders due to “uncertainty as to the financing” for the deal.

In October, shareholders James Lu and Raymond Zage, who together already own more than 60% of the gay dating app, proposed to buy the remaining shares of the company and delist it from the New York Stock Exchange. They said they would use a $1 billion loan and $100 million in their own cash to fund the deal.

“To date, the Special Committee has been unable to obtain satisfactory information about definitive financing,” Grindr said in a Monday morning press release.

Representatives for Lu and Zage did not immediately respond to a request for comment.

Rumblings of the take-private deal led the stock to jump after shares slid starting this summer. While the two huge shareholders are hoping to buy out Grindr stock at $18 a share, a premium from current levels, it was above $20 as recently as July.

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markets

J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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