Today: 11 July 2026

Khadija Saeed

Khadija Saeed is a financial markets reporter at TS2.tech, specializing in stocks, technology and emerging industries. She studied economics and finance at the London School of Economics and previously worked in market research before moving into financial journalism. Her coverage focuses on the companies, innovations and economic trends influencing global investors.

NASDAQ: SPCX’s Thin Float Faces Its First Real Test—Why Anthropic and OpenAI Are Watching

NASDAQ: SPCX’s Thin Float Faces Its First Real Test—Why Anthropic and OpenAI Are Watching

SpaceX traded at $178.35 at 5:13 a.m. EDT Monday, down 3.59% from Thursday’s close and extending a two-session retreat. The market-structure explanation is more compelling than a fresh operating trigger: investors are repricing the scarcity premium embedded in its record IPO before a key index review. The stock is 21.0% below Tuesday’s $225.64 intraday high but still 32.1% above its $135 offer price. That reversal is Wall Street’s first live test of whether a mega-cap issuer can float less than 5% of its implied equity, create benchmark demand and preserve orderly price discovery—the setup Anthropic and OpenAI may try to replicate.
22 June 2026
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Stock Market Today

  • Prosecutors to drop charges in $722 million BitClub crypto Ponzi case
    July 11, 2026, 5:13 PM EDT. Federal prosecutors in the U.S. are moving to drop charges against Matthew Goettsche, who was accused of running a $722 million cryptocurrency Ponzi scheme tied to BitClub Network. Goettsche was indicted in 2019 on allegations he defrauded investors with false promises about crypto mining profits. The dismissal follows a deal reportedly shaped in part by Goettsche's legal team, who have connections to the Trump administration. The Department of Justice said there was no improper influence, and stressed it is still working to recover investor money. Earlier, the government pushed for a jury trial. The case again shows how tough it is to pursue large crypto frauds.
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