Generate Investment Specialist Greg Smith on Newstalk ZB with Mike Hosking: Investors enthusiastically embraced the historic SpaceX IPO, pushing the stock up 19% on its first day and valuing the company at around US$2.1 trillion. The market is looking beyond today's business and placing its bets on the future potential of Starlink, satellite communications, defence contracts and the broader space economy.
Closer to home, Rocket Lab's addition to the Nasdaq-100 marks an important milestone, with index-tracking funds now becoming automatic buyers of the stock. Greg Smith also discusses signs of resilience in New Zealand's manufacturing sector, where conditions continue to improve despite ongoing challenges.
Listen to the full interview below:
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