Markets
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Luke Kawa

Opendoor continues to tumble after one of its biggest owners dumped over 11 million shares Monday

The rejuvenation of Opendoor Technologies share price has been a story of more buyers than sellers, particularly retail investors enthused by the change of leadership at the online real estate company.

The stock’s abrupt tumble on Monday — with the pain seemingly extending into the premarket on Tuesday — is what happens when selling pressure rises to the fore.

Access Industries, an investment firm run by Len Blavatnik, sold 11.36 million shares of Opendoor through its AI LiquidRE arm, with September 22 listed as the approximate date of sale, per a filing.

The investment firm is the third-largest holder of Opendoor shares, according to Bloomberg, trailing only new CEO Kaz Nejatian and index fund provider Vanguard.

Access Industries previously sold 10.87 million shares of Opendoor on September 12.

Its Access Technologies Venture arm was one of Opendoor’s early backers, cited as the lead investor in its Series C round back in October 2015.

Read more: Opendoor’s retail shareholders on why they’re long the stock and what the new management team needs to do

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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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7/2/26
US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

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Meta surges on report it’s starting a cloud business to sell excess AI compute

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