May 24, 2022

Social Capital Hedosophia Holdings Corp VI – Class A (IPOF) shares, the old Social Capital Hedosophia Holdings Corp V closed today at 1.9% over its 52 week low of $9.77, giving the firm a market cap of $1B. The stock is currently down 2.7% year-to-date, down 36.2% over the past one year, and down 4.2% over the past 5 years. Today, the Dow Jones Industrial Average fell 0.1%, as well as the S&P 500 dropped 0.6%.

Trading Activity

Trading volume today was 57.7% lower than the 20-day standard.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.5.
Technical Indicators

The Family Member Toughness Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following energy indicator, suggests a downward pattern.
The stock shut below its Bollinger band, indicating it might be oversold.

Market Relative Performance
The firm’s share cost is the same as the S&P 500 Index, delays it on a 1-year basis, as well as lags it on a 5-year basis
The company’s share rate coincides as the Dow Jones Industrial Standard, delays it on a 1-year basis, and also lags it on a 5-year basis

Per Team Relative Efficiency
The firm’s stock price performance year-to-date delays the peer average by -195.4%.
The business’s stock cost performance over the past year delays the peer average by -377.7%.

IPOF Stock Boosted by SpaceX SPAC Merger Report.
By Kirsteen Mackay.

February 23rd, 2022.
The rumor mill remains in overdrive as investors delight in the idea of a SpaceX IPO.

Social Capital Hedosophia VI (NYSE: IPOF) is subject to the current round of SpaceX IPO rumors. Social Capital Hedosophia Holdings takes private business public by means of its special purpose purchase companies (SPACs), focusing on cutting-edge and also active innovation companies.

Chamath Palihapitiya’s SPACs were hot property in 2020 yet befalled of favor in 2015. Some significant Social Capital SPACs consist of Clover Health and wellness (NASDAQ: CLOV), Opendoor (NASDAQ: OPEN), SoFi (NASDAQ: SOFI), as well as Virgin Galactic (NYSE: SPCE).

Unloading Virgin Galactic for SpaceX?
Palihapitiya abruptly stepped down from Virgin Galactic’s business board recently, sustaining the rumors SpaceX could be a Social Capital target. With Richard Branson in charge of Virgin Galactic and Elon Musk heading up SpaceX, both business are opponents. So, Palihapitiya’s involvement in both might posture a dispute of passion.

Whether IPOF stock will merge with SpaceX is purely speculative, and also absolutely nothing has been confirmed. There are plenty of various other possibilities as well as other IPOF target rumors in the capitalist chatrooms.

IPOF stock has risen 2.6% in the past 5 days and also is up again pre-market, hovering around the $10.30 mark. SPAC stocks tend to hover around $10 until their merging target has been named.

SpaceX is the 20-year-old NASA competitor intent on transporting people to Mars. It’s also promoting worldwide satellite broadband insurance coverage as well as lunar landers.

Being an Elon Musk firm, SpaceX has actually amassed a cult following, as well as its progress is very closely complied with on social networks. It’s for that reason certain to be a hotly-tipped IPO when it comes to pass.

Nevertheless, the alternative sight is that Musk would like to take SpaceX public via IPO or direct listing over the debatable SPAC route.