SpaceX has fixed its IPO at $135 per share for a $75 billion raise at a $1.75 trillion valuation—the largest listing in stock market history—before debuting on Nasdaq under SPCX on June 12.
Category: Markets
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Oil slides below $90 as Energy Secretary signals Hormuz traffic is rising
US crude settled at $88.20 a barrel on June 9 after Energy Secretary Chris Wright said Hormuz ship traffic is rising meaningfully, as Iran and Israel agreed to halt their latest exchange of strikes.
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Anthropic files confidential S-1 at $965 billion valuation, overtaking OpenAI
Anthropic confidentially submitted its IPO prospectus on 1 June 2026 at a $965 billion valuation, overtaking OpenAI, with Q2 revenue above $10.9 billion and an 80-fold increase in annualised revenue over twelve months.
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Gold erases 2026 gains as US jobs shock forces rate-hike bets
Gold fell 3.3% to $4,340 on June 5, hitting its lowest point of 2026, after May nonfarm payrolls added 172,000 jobs — more than double forecasts — forcing investors to reprice Federal Reserve rate expectations higher.
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Quantinuum raises $1.68 billion in Nasdaq debut as quantum computing goes public
Quantinuum raised $1.68 billion in its Nasdaq debut on June 4, pricing above its range and signalling serious capital market interest in full-stack quantum computing.
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Bitcoin ETFs shed record $2.4 billion in May as geopolitical risk-off bites
BlackRock’s iShares Bitcoin Trust lost $2.04 billion across a nine-day late-May streak as US airstrikes near the Strait of Hormuz and an equity rotation into AI names drained crypto allocations.
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Broadcom shares fall 15% as Hock Tan holds AI revenue guidance flat
Broadcom shares dropped roughly 15% after CEO Hock Tan declined to raise the full-year AI chip forecast despite Q2 AI revenue soaring 143% to $10.8 billion, dragging chip stocks broadly lower.
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Wall Street’s nine-day winning streak ends as Iran strikes push oil above $96 and Treasury yields higher
US equities snapped a nine-day winning run on 3 June 2026 after fresh American strikes on Iran lifted WTI crude near $96 a barrel and pushed the 10-year Treasury yield to 4.46%, reviving inflation fears that overshadowed the AI-driven rally.
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Fervo Energy raises $1.89 billion in the biggest clean energy IPO on record
The Houston geothermal startup priced at $27, opened 35% higher at $36.54, and debuted with a market cap above $10 billion, powered by demand for round-the-clock carbon-free power from AI data centers.
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Bitcoin drops below $77,000, triggering $657 million in leveraged liquidations
Bitcoin fell below $77,000 on May 19, forcing $657 million in liquidations as hot inflation data and Iran tensions converged against an overleveraged market.