Market news
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SpaceX Set for Largest IPO in History, Musk Says
Elon Musk reveals he gave SpaceX less than a 10% chance of succeeding at launch. Today, the company is preparing the largest IPO in history, 2.5 times bigger than the previous record.
SpaceX IPO Indications at $175/Share, 30% Above Offer Price
First indications for SpaceX's IPO price shares at $175, a 30% premium over the $135 offer price. Total demand has reached $350 billion, with $250 billion from institutional investors.
SpaceX IPO Draws Over $250B in Institutional Orders, $350B Total Demand
SpaceX's upcoming IPO has reportedly attracted over $250 billion in institutional orders and more than $350 billion in total demand, with 70% of the institutional book allocated to long-only funds and sovereign wealth funds, and 20% of shares set aside for retail investors.
SpaceX IPO Catalysts: What Traders Should Watch After June 12 Launch
The real trading story for SpaceX begins after its June 12 IPO, as the gap between narrative and fundamental delivery starts to close with each subsequent event.
DAX Correction Deepens as Elliott Wave Signals More Downside
The DAX index faces deepening losses as it tests the support line of its impulsive channel from March lows. Elliott wave analysis suggests the current decline may be a leading diagonal, pointing to further downside.
BNY's Bob Savage Highlights Declining Cash, Elevated Valuations, Record IPO in U.S. Equities
BNY's Bob Savage analyzes U.S. equities using iFlow data, pointing to declining institutional cash balances, elevated valuations, and record IPO issuance.
SpaceX IPO Raises $75 Billion, Valued at $1.77 Trillion
SpaceX's long-awaited IPO has been a massive success, raising $75 billion and valuing the company at $1.77 trillion, making it the seventh-largest US firm.
Thndr Receives Initial Approval for Saudi Brokerage Licence
Thndr has received preliminary approval for a Saudi brokerage licence, aiming to launch by Q1 2027. The Cairo-based platform also seeks a prepaid card in Egypt via Visa and Suez Canal Bank.
View Day's P&L for positions on Kite web
Zerodha added a feature to Kite web that lets traders view the day's profit and loss for their overnight positions.
Schwab Reports Monthly Activity Highlights
Charles Schwab posted record May net new assets of $49.9 billion, up 43% year over year, and record daily average trades of 11.8 million in May 2026.
Lennar Q2 FY26 Earnings: Revenue Miss and Weak Guidance
Lennar reported Q2 FY26 revenue of $7.9B, missing the $8.02B estimate. Adjusted EPS was in line at $1.24, but Q3 deliveries and new orders guidance fell short, signaling soft demand.
Adobe Q2 FY26 earnings beat across all metrics; CFO departing June 15
Adobe reported Q2 FY26 revenue of $6.62B and adjusted EPS of $5.96, both surpassing estimates. The company also issued strong Q3 guidance and announced CFO Dan Durn will leave on June 15.
Dow Jones Steadies After Hot PPI Data
After a sharp drop on Wednesday, the Dow Jones Industrial Average stabilized on Thursday despite hotter-than-expected Producer Price Index data.
BlackRock Orders $5B in SpaceX Shares
BlackRock has submitted an order to purchase at least $5 billion worth of SpaceX shares, according to sources familiar with the matter, with other large asset managers placing similarly sizable orders.
FTSE 100 Rebounds as Markets Bet on US-Iran Deal
The FTSE 100 staged an impressive rebound as stock markets and oil traders continue to bet on a US-Iran deal despite escalating rhetoric from Washington, according to Chris Beauchamp, Chief Market Analyst at an online trading platform.
SpaceX IPO Valuation Gap Nears $1 Trillion
Two rational traders studying the same SpaceX IPO prospectus arrived at valuations nearly $1 trillion apart, highlighting the extreme uncertainty in the company's market worth.
NEURA Robotics Raises Up to $1.4B in Series C from Tether, Nvidia, Amazon, Qualcomm
German robotics firm NEURA Robotics secured up to $1.4 billion in Series C funding from investors including Tether, Nvidia, Amazon, and Qualcomm. The funds will support development of its 'physical AI' platform and mass production of humanoid robots.
US Stock Futures Rise on Reports of End to Iran Strikes
Dow, S&P 500, and Nasdaq 100 futures advanced during European hours Thursday following reports that US military operations against Iran have concluded.
S&P 500 Slides to One-Month Lows on Stagflation Fears: Deutsche Bank
Equities fell to one-month lows as higher oil prices and US-Iran tensions revived stagflation concerns, according to Deutsche Bank.
Balanz Buys Córdoba Brokerage Grupo del Plata
Balanz Group has acquired Grupo del Plata, a Córdoba-based clearing and settlement agent, as part of its federal expansion strategy. The deal adds a significant portfolio of corporate and agricultural clients.
Nordnet Launches the Nordics' First German Index Fund
Nordnet has launched Nordnet Tyskland, the first German index fund available to Nordic investors. The launch coincides with the company’s fund division reaching SEK 100 billion in assets under management.
Webull Launches Model Context Protocol for AI Trading in Plain Language
Webull has introduced a Model Context Protocol (MCP) server that lets users execute trades and manage accounts using plain-language AI commands, removing the need for coding skills.
Cash App Launches Mobile Service: $40 Unlimited 5G Plan
Cash App is piloting Cash App Mobile, an unlimited 5G plan on AT&T’s network for $40/month with no contracts or credit checks, targeting gig workers and underbanked users.
Oracle drops 7% after-hours on $20B AI fundraising plan
Oracle shares fell 7% in extended trading after the company reported earnings and revenue above estimates but announced a $20 billion capital raise for AI expansion.