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Jon Keegan

Microsoft shares hit all-time high

Today Microsoft shares hit their highest mark in the company’s 39 years of trading as a public company.

On March 13, 1986, Microsoft went public at $21 per share, raising $61 million. Nine stock splits later, the company is pretty far from the days of selling shrink-wrapped boxes of floppy disks containing Windows, having transformed into an AI cloud computing giant, as disagreements imperil the company’s $14 billion partnership with OpenAI.

Shares briefly hit an all-time high of $483.84 today.

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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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