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HISTORICAL FACTS: 26 | History Defined

AAP Rolling News Bulletin June 12, 0400

AAP Rolling News Bulletin for June 12 at 0400

AAP

FED:Tens of thousands of Aussies in bid for SpaceX shares

Super funds, institutional investors and tens of thousands of retail investors will soon learn whether they have been allocated shares in SpaceX.

AAP

Anxious wait for Aussie investors ahead of SpaceX float

Super funds, institutional investors and tens of thousands of retail investors are waiting to see whether they have been allocated shares in the SpaceX float.

AAP

From analysis to the latest developments in health,
read the most diverse news in one place.

As SpaceX goes public, a $100 billion shadow market faces a reckoning

SpaceX’s public debut could kick off months (or even years) of reckoning in the venture secondaries market, the pre-IPO Wild West.

Fortune

BlackRock seeks to buy at least $5 billion in SpaceX IPO shares: Report

Asset manager BlackRock sought to buy at least $5 billion worth of shares in the initial public offering of Elon Musk's SpaceX , the Wall Street Journal reported on ‌Thursday, ⁠citing people ⁠familiar with the matter.

The Economic Times

'China follows Musk very closely’: While SpaceX blocked Chinese investors from IPO, China’s space firms prep their own as a counterweight

China has ramped up its space initiatives to compete with SpaceX’s ascent in the last three years, with some commercial space firms eying similar satellite and rocket launch goals.

Fortune

Musk’s xAI fired engineer for raising concerns about Grok chatbot, lawsuit claims

Former xAI engineer Devin Kim claims he was illegally fired for trying to implement safety mechanisms for the chatbot

The Guardian - US

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SpaceX heads for record $1.78tn float amid fears it is overvalued

Analysts say IPO that could make Elon Musk the world’s first trillionaire has a ‘major disconnect’ on price

The Guardian - UK

SpaceX Has Already Drawn Over $70 Billion In Orders From Retail Investors: Report

Elon Musk's SpaceX has already drawn over $70 billion in orders from retail investors ahead of its IPO on Friday, according to a new report.

International Business Times

Elon Musk’s SpaceX set to make history with US stock market debut

The stock market float on Wall Street is expected to raise 75 billion dollars (£56.2 billion)

Evening Standard

SpaceX IPO Fears Are Overblown, But the AI Bet Is Real

Stansberry Research's Brett Eversole argues that SpaceX's $75 billion IPO poses limited market risk and that the company's S-1 frames it primarily as an enterprise AI bet, not a space business.

MarketBeat

SpaceX IPO date, price, valuation, stock symbol, how to buy shares: What US investors need to know about Elon Musk's historic listing

The SpaceX IPO date is Friday, June 12, with shares trading on Nasdaq under ticker SPCX at $135 per share. SpaceX's $1.77 trillion IPO aims to raise $75 billion, shattering the previous record set by Saudi Aramco in 2020. Retail orders alone have surpassed $70 billion, prompting SpaceX to allocate…

The Economic Times

Meet the SpaceX employees who are set to become multimillionaires thanks to its IPO: from execs to even welders

The winners of SpaceX's blockbuster IPO—valuing the company at $1.75 trillion—might not just be investors, but also the ones who welded the rockets.

Fortune

AI wealth boom sending San Francisco home prices surging: ‘It’s ridiculous’

Employees at artificial intelligence companies are coming into gargantuan sums of money amid boom in IPOs

The Guardian - US

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The Economic Times

US stocks | SpaceX IPO draws over $70 billion from retail investors ahead of record stock market debut

SpaceX is gearing up for an IPO that has captured the attention of investors far and wide. With retail investments skyrocketing past seventy billion dollars, investors can expect to snag at least twenty percent of the shares.

AAP

A look at the SpaceX IPO by the numbers

Elon Musk is all about big numbers — millions, billions, even trillions – and there are plenty of them associated with SpaceX and Musk's plans to take the rocket maker public

International Business Times

Iran Says It Will Target Elon Musk's Companies In The Middle East As Tensions Continue To Escalate

Iran threatened to strike Elon Musk's companies, including SpaceX's Starlink service.

The Economic Times

US markets plunge: Dow Jones, S&P 500 and Nasdaq crash as Trump’s Iran threat sparks a risk-off market selloff, pushing the U.S. dollar higher and oil prices sharply upward

Dow Jones, S&P 500 and Nasdaq crashed as Trump’s Iran threat reignited fears of a wider Middle East conflict. Investors rushed into the U.S. dollar while WTI oil surged toward $90. Rising energy prices now threaten inflation, interest-rate expectations, and economic growth. The selloff reveals how quickly geopolitics can reshape…

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International Business Times UK

Silver Could Be The Biggest Winner From SpaceX's IPO: Experts Warn Supplies May Run Out In 3 Years

SpaceX's £75 billion IPO and ambitious orbital AI satellite plans could trigger a surge in silver demand, exacerbating the global supply deficit and potentially driving silver prices to new heights.

The Economic Times

US stocks: Oppenheimer launches Wall Street's first coverage of SpaceX with bullish outlook

Brokerage Oppenheimer has started covering SpaceX. They issued an 'outperform' rating and set a price target of $190. This is ahead of the rocket and AI company's market debut. Oppenheimer sees SpaceX as a unique AI company. Starlink is expected to be a major cash generator. SpaceX's AI business will…

Fortune

While investors await the SpaceX IPO, these space stocks are already public, building an economy in Earth orbit and beyond

In addition to rocket companies that launch payloads into orbit, others in the sector develop satellites and vehicles or provide space-based services like communications or imagery.

AAP

Elon Musk's SpaceX is about to make its debut on Wall Street

Elon Musk's rocket company SpaceX will make its debut on Wall Street Friday

The Independent UK

Can money buy happiness after all? Billionaires weigh in

ANALYSIS: Almost a third of America’s wealth is in the hands of 1 percent of people. But is it making them happier? J.R. Duren asks those with vast resources at their disposable what it means to them

The Independent UK

Elon Musk's SpaceX is about to make its debut on Wall Street. What to know

Elon Musk’s rocket company SpaceX will make its debut on Wall Street Friday and both institutional and retail investors are expected to gobble up the 555.6 million shares going up for sale at $135 apiece

Fortune

SpaceX is about to make history—and 80% of VCs won't see a dime of it

A live Term Sheet meetup of investors agreed SpaceX, OpenAI, and Anthropic will reward a sliver of venture. But most of the industry will be watching from the sidelines.

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