Despite massive investor demand for its record public debut, SpaceX is now mostly back where it started.

The rocket maker’s stock fell below its $135 IPO price for the first time Wednesday, closing just slightly above that mark. Part of the decline was likely driven by broader skepticism about AI stocks, as investors start to move away from the hype and evaluate artificial intelligence firms more closely.

SpaceX’s tumble beneath its IPO price “raises ⁠the narrative that the stock is up on fluff, on speculation, on froth, and not on real fundamentals,” Matthew Maley, chief market strategist at Miller Tabak, told Reuters.

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Google cofounder Larry Page saw his net worth rise above $300 billion as Alphabet shares surged after Warren Buffett spoke about Berkshire Hathaway’s 2025 investment in the tech giant that is now worth roughly $21 billion.

Investors’ appetite for fast food and fast casual stocks waned amid concerns about the cyclosporiasis outbreak possibly tied to ingredients like lettuce, though officials have not publicly associated any restaurants with the outbreak.

The U.S. launched its latest round of strikes against Iran on Wednesday, as President Donald Trump told reporters that he is considering attacks against civilian infrastructure.

Credit Card Rewards Help Keep Consumers Afloat

These days, you can use credit card reward points for everything from checking out on Amazon to booking a flight. But as inflation squeezes consumers, they’re increasingly looking for ways to cover essential purchases.

According to a USAA report released Wednesday, 36% of consumers surveyed in March said they are redeeming rewards points immediately to offset the cost of everyday expenses like gas and groceries—a nearly equal share to the 37% saving them for “big” or “dream” redemptions. Overall, reward redemption volume among USAA cardholders was up 47% in 2025 compared to the year prior.

And despite the ongoing narrative around the K-shaped economy,........

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