markets

Claire Yubin Oh9/22/25

QUBT drops after announcing $500 million at-the-market stock offering

Quantum Computing shares were trading 12% lower early on Monday after the company announced a $500 million at-the-market share offering, a not insignificant amount of dilution for shareholders of the $3.72 billion market cap company (as of Friday’s close).

QUBT plans to use the proceeds from the offering to “accelerate commercialization efforts, strategic acquisitions, expand sales and engineering personnel, working capital, and general corporate purposes,” per the press release. The company also said that the stock offering, which will take place on or around September 24 with institutional investors, has been arranged in an “oversubscribed” private placement.

The announcement marks the company’s fifth and biggest stock offering since November 2024, which will bring the total capital raised from the period to some $900 million.

The company’s shares were up more than 20% on Friday following a wave of bullish sentiment and news from the quantum sector.

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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.

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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