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Elon Musk's SpaceX raises $75bn ahead of world's biggest stock market launch
SpaceX has raised $75 billion in a pre-IPO share sale at $135 per share, setting the stage for a historic public listing that could make Elon Musk the world's first trillionaire.
From startup to $1.8 trillion: The investors who took a chance on SpaceX now reap the rewards
As SpaceX prepares for a $1.8 trillion IPO, early backers such as Ron Baron, Cathie Wood’s Ark Invest, Fidelity, and several pension funds now stand to realize multi‑billion‑dollar paper gains.
Live updates: Bitcoin slips to $63,000 as SpaceX shares get ready to trade on Nasdaq
The Bank of Japan is set to lift its policy rate to 1% on June 16, its highest since 1995, a move that could tighten global liquidity even as Bitcoin hovers around $63,000 on the day of SpaceX’s Nasda
SpaceX's crypto-traded IPO was sharply falling. It now points upward to a $2.4 trillion valuation
SpaceX’s crypto‑traded perpetual contract on Hyperliquid surged to $176‑$183, implying a 36% premium to the $135 IPO price, while shadow markets now suggest a valuation exceeding $2 trillion.
Foreigners Dump $3.9bn in Indonesia Stocks as Rupiah Craters
Foreign investors have dumped a net $3.9bn in Indonesian stocks this year — the largest sell-off since at least 1996 — driving the country's benchmark index down 32% and pushing the rupiah near an all
Stock markets surge as Trump calls off strikes on Iran, touts peace deal
President Trump’s announcement that he has cancelled planned strikes against Iran and that a peace settlement is imminent sparked a sharp rally across U.S. and Asian equity markets, while oil prices s
Oil surge, ETF outflows push Bitcoin under $60K
June’s market sell‑off, driven by soaring oil prices, rising producer inflation, and a tightening Fed outlook, triggered $1.9 bn of spot Bitcoin ETF outflows and pushed Bitcoin’s $60 k support into qu
ProShares and Themes to Launch 2× Leveraged SpaceX ETFs
ProShares and Themes ETFs are set to roll out 2× leveraged funds that let traders bet on SpaceX’s stock immediately after its historic $135 IPO, offering both long and short exposure.
Nasdaq-Listed Bitcoin Firm Nakamoto Sells BTC, Cuts Debt and Authorizes Share Buyback
Nakamoto Inc., a Nasdaq-listed Bitcoin firm, sold roughly 600 BTC to raise $48 million, slashed $45 million of debt, extended its loan maturity, and launched a $25 million share buyback amid a volatil
Mortgage Rates Fall After Trump Ceasefire News
Mortgage rates slipped to a one‑week low after a mid‑day market rally triggered by Trump’s announcement of a ceasefire, prompting lenders to revise rates downward.
SpaceX's $75B IPO Makes Musk a Trillionaire
SpaceX raised $75 billion in its IPO on Thursday, the largest U.S. IPO ever, valuing Elon Musk's company at approximately $1.77 trillion and making Musk the world's first trillionaire on paper.
Paramount's $627.5M Per-Quarter Penalty In Warner Deal
Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery carries a $627.5 million penalty for every quarter regulators delay closing past September 30, and state and international probe
Stock Market Today: Nasdaq-100, Small Caps Lead Choppy Rise; Adobe Hits 7-Year Low (Live Coverage) - Investor's Business Daily
U.S. equity markets edged higher, lifted by the Nasdaq‑100 and small‑cap gains after wholesale inflation data, while Adobe’s shares fell to a seven‑year low, the tech sector rebounded ahead of a Space
US producer prices spike in May as soaring energy prices fuel largest yearly jump since 2022 - AP News
U.S. producer and wholesale prices surged in May, driven by soaring energy costs that produced the steepest annual increase since 2022, highlighting the widening inflationary pressure across the econo
Kevin Warsh confirmed as Fed chair, faces rate hikes
Kevin Warsh, Trump’s former appointee, has taken the helm of the Federal Reserve, facing entrenched inflation, a steady‑rate stance, and internal push‑back as he pushes for a quieter, lower‑rate polic
Oracle shares tumble 11% on increased capital raise, cash concerns
Oracle’s stock plunged 11% as the company announced a $20 billion share sale and a $40 billion capital raise, highlighting its negative $23.7 billion free cash flow and raising concerns about its cash
SpaceX IPO won’t break bull market
The upcoming IPOs of SpaceX, OpenAI and Anthropic are expected not to break the bull market, yet investors remain uneasy about the next market direction and potential volatility in the coming weeks.
Bank Groups Urge AML Rules for Stablecoin Markets
Bank trade groups have asked U.S. regulators to extend anti‑money‑laundering oversight to stablecoin secondary markets, urging flexible, risk‑based rules while crypto firms warn overly broad policies
Oracle Drops 11% Post-Earnings; 3 Analysts Urge Buying
Oracle shares tumbled 11% to $179.49 after its latest earnings report, but three Wall Street analysts argue the selloff is overblown, citing improved operating margins, an $85 billion jump in remainin
Digital Asset $355M to scale Canton for finance
Digital Asset secured $355 million in a new financing led by Andreessen Horowitz’s crypto arm, pushing its $2 billion‑valued Canton Network toward broader Wall Street adoption and accelerating its str
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