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YOU WONT BELIEVE: 34 - What They Never Told You

Wall Street Week Ahead: Blockbuster SpaceX IPO set to test high-flying US stocks rally

SpaceX's massive $75 billion IPO is set to launch next week, potentially valuing the company at $1.75 trillion. Investors are watching closely amid fears of market overexuberance, especially after recent job data fueled concerns about hawkish monetary policy. Key tech earnings and inflation data will also shape market sentiment.

The Economic Times

Chip slump erases $1.3 trillion in stock market value

The PHLX's combined loss of 12% over two sessions shows investors are becoming more concerned about pricey, high-flying tech stocks just as Elon Musk prepares a blockbuster initial public ⁠offering next ‌week for SpaceX at an exceedingly high $1.75 trillion valuation.

The Economic Times

SpaceX lands Google AI compute deal after Anthropic pact ahead of IPO

As part of the deal, Google will pay SpaceX $920 million monthly ‌from October ⁠this ⁠year to June 2029, with capacity ramping up through September at a reduced fee, Elon Musk's space venture said in a regulatory filing.

The Economic Times

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Investors take profits, watch Mideast warily

RECAP: Asian share markets retreated yesterday as investors took profits on technology stocks and turned defensive ahead of the weekend, wary of a flare-up in Middle East hostilities with US-Iran peace talks in limbo.

Bangkok Post

Jamie Dimon called Elon Musk the ‘Edison of our time’ as JPMorgan hosted SpaceX’s $75 billion IPO road show—and even invited Musk’s mom

Top bankers are lavishing praise on Musk ahead of his rocket company’s record-setting listing.

Fortune

The Week Ahead: Xi Visits North Korea; SpaceX Sets for IPO

Cross-border brokerages start to restrict services for Chinese mainland clients; Apple holds Worldwide Developers Conference

Caixin Global

Can Elon Musk do to US telecom what Mukesh Ambani did in India?

Elon Musk's Starlink is poised to disrupt American telecom giants like AT&T and Verizon. Analysts believe Starlink could change how connectivity is delivered and who controls it. SpaceX's satellite internet service is evolving into a mainstream platform. This shift could accelerate declines in subscriber growth and revenue for traditional operators.

The Economic Times

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Spacex IPO is said to draw more orders than shares available

SpaceX’s $75 billion IPO is already oversubscribed, signaling strong institutional demand and positioning it to become the largest listing ever. The Elon Musk-led firm may surpass Saudi Aramco’s record. Shares are priced at $135, valuing the company near $1.8 trillion, with trading expected to begin mid-June.

The Economic Times

Astronauts on International Space Station take shelter in SpaceX Dragon as cosmonauts try to fix air leak

ISS astronauts briefly sheltered aboard an attached SpaceX Dragon capsule today (June 5) while cosmonauts tried to fix a persistent leak on the Russian side of the orbiting lab.

Space

SpaceX Stock Price: How Wall Street Quietly Rewrote the Rules for Elon Musk's IPO

SpaceX's IPO is reshaping market norms with unprecedented retail access and rapid index inclusion, highlighting Elon Musk's influence and raising questions about accountability and market dynamics.

International Business Times UK

SpaceX Reportedly Tells Banks It Won't Change Its Share Price For Its IPO

SpaceX has told banks working on its IPO that it won't change its share price, currently set at $135, according to a new report.

International Business Times

SpaceX denied fast track to S&P 500 after IPO

SpaceX will not get a quick entry into the S&P 500 index. S&P Dow Jones Indices will maintain its eligibility rules. This decision affects the planned initial public offerings of AI companies Anthropic and OpenAI. Companies must now wait 12 months after going public. SpaceX also needs to become profitable…

The Economic Times

AI fever spreads, but are markets masking economic cracks?

Investors are pouring money into Artificial Intelligence, even as economic worries grow. SpaceX's massive IPO signals strong AI interest. Companies like Google are expanding AI infrastructure. Chipmakers are seeing huge demand. However, some signs suggest market expectations may be too high. Analysts are watching closely to see if this AI…

The Economic Times

Nasa tells astronauts to return to International Space Station as air leak repair paused – as it happened

After two hours of sheltering while Russian crew attempted to fix air leak, Nasa says ‘safe haven procedures’ have been paused

The Guardian - UK

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Space

$1.77 trillion! SpaceX is about to become the 7th-most valuable American company

SpaceX will sell its shares for $135 apiece during its IPO, yielding a valuation of $1.77 trillion.

The Economic Times

Morgan Stanley expects SpaceX revenue to hit $3.4 trillion in 2040

SpaceX's revenue could hit $3.4 trillion by 2040, according to Morgan Stanley projections. The company is also preparing for its initial public offering, aiming to raise $75 billion. Morgan Stanley anticipates significant growth from SpaceX's AI business in the coming years. Goldman Sachs also expects substantial revenue from this segment…

The Conversation

Methane rocket fuel is easier to handle and convenient but, as Blue Origin saw, it can be very explosive

Going straight up is hard. It takes a lot of energy. For those of us who enjoy hiking, cycling or running, hills are the bane of our existence. The hills sap us of our strength and speed, and they require more effort than we often want to expend.

International Business Times UK

Anyone With $2,000 Can Buy Into Spacex's IPO — Critics Compare It To 'Selling Suicide Pills at the Drugstore'

Fidelity Investments opens SpaceX IPO to retail investors with lower eligibility, stirring debate on valuation and risks. Discover how this move impacts investment opportunities and market dynamics.

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International Business Times UK

Bill Ackman Warns Investors Are Repeating Costly 2000s Mistake: Chasing the 'New New Thing'

Bill Ackman's insights on market trends, comparing today's AI stock surge to the dot-com bubble. Discover his investment strategies and views on undervalued tech giants like Microsoft and Amazon.

Fortune

The S&P 500 will initially exclude SpaceX but Elon Musk is coming for your retirement savings anyway

Everything you need to know before you reach the office this morning.

International Business Times UK

Goldman's SpaceX Forecast Looks Wild: A 9,900% Jump In AI Revenue By 2030

Goldman Sachs predicts SpaceX's revenue to soar 100-fold by 2030, fuelled by Starlink's expansion, ambitious space missions, and cutting-edge AI advancements, as the company gears up for a historic IPO.

MyLifeXP

SpaceX's $75 Billion IPO Could Change the World Forever

Most companies go public to raise money. SpaceX is trying to raise enough money to help redefine humanity's future. The planned $75 billion IPO has stunned investors worldwide. The valuation being discussed is larger than the economies of many countries. Yet the most surprising part is that SpaceX remains focused…

International Business Times UK

SpaceX AI Revenue Could Hit $322 Billion by 2030 as Goldman Sachs Bets Big

Goldman Sachs predicts SpaceX's AI earnings will skyrocket, driving a $1.78 trillion valuation, as the company prepares for a historic public listing.

The Economic Times

China and Hong Kong users unable to access SpaceX website, IPO documents

SpaceX's website and IPO marketing documents are inaccessible in Hong Kong and mainland China, potentially limiting investor participation in its $75 billion listing. An "Error 1009" suggests a company-imposed ban, raising questions about the reasons behind the restrictions.

The Economic Times

Wall Street giants tout SpaceX as Musk speaks at pre-IPO investor event

Wall Street investment banks are hosting exclusive events for potential SpaceX IPO buyers, offering rare access to top executives. Elon Musk virtually addressed JPMorgan clients, citing a "massive new growth phase" requiring capital. The company's futuristic valuation and record-breaking IPO plans have generated significant investor interest.

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