SpaceX Jumps, Fox Drops, Fiserv Slumps to Nine-Year Low After CEO’s Shock Departure

On this episode of Stock Movers:
- SpaceX (SPCX) shares jumped in their second day of trading, adding to gains following a blockbuster debut that instantly vaulted it into the ranks of the world’s most valuable public companies. The company has exercised the IPO’s over-allotment option, which lets underwriters sell an additional 83.3 million shares, increasing the amount raised to $86.2 billion.
- Fox (FOX) shares fall after the company agreed to acquire Roku Inc. in a deal that values the streaming video platform at about $22 billion including debt. The acquisition will combine Fox’s sports, news and entertainment channels with Roku’s platform of more than 100 million subscribers.
- Fiserv (FISV) shares fell to the lowest level in more than nine years after the surprise departure of Chief Executive Officer Michael Lyons. Lyons will take over at Truist Financial Corp. from Bill Rogers, who will stay on as the bank’s executive chairman, and will lead Truist’s next chapter of growth.

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