SpaceX shares surged for a second day, adding to initial gains and pushing its market value over $2.3 trillion. This valuation places the company among the world’s top six largest, nearing a challenge to the current leader. The company also exercised its over-allotment option, significantly increasing the total funds raised from its IPO.
Largecaps look better as smallcaps price in strong growth: Franklin Templeton’s Arihant Jain
Largecap stocks offer a better risk-reward balance than mid- and small-caps as higher growth expectations are already priced into smaller companies, according to Arihant Jain