Tech stocks were sharply lower Tuesday afternoon, with the State Street Technology Select Sector SPD
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The catalyst for investors' dumping AI stocks again Tuesday isn't totally clear. But Brian Jacobsen, chief economic strategist for Annex Wealth Management, suggested Alphabet's recent capital raise and SpaceX's impending IPO could be contributing to the ongoing declines.

OpenAI (OPAI.PVT) has confidentially filed for an IPO after Monday's market close, setting up its own public launch to compete with Anthropic's (ANTH.PVT) this fall season. Winthrop Capital CIO Adam Coons explains whether his firm is eager to buy into SpaceX (SPAX.PVT) upon its IPO this Friday, June 12, while Yahoo Finance Markets and Data Editor Jared Blikre outlines SpaceX's possible challenges to scale for its proposed AI data centers in space. Elon Musk's SpaceX (SPAX.PVT) is expected to go public on the Nasdaq this week under the ticker SPCX, with an IPO price of $135 per share.
For years, Rocket Lab was the closest thing retail investors had to owning SpaceX -- but that changes on June 12. Now that both stocks will be available.
BlueBirds 8, 9, and 10 target nearly double the peak data speeds of the first-generation constellation
BNP Sees AI Infrastructure Demand Supporting Cloud Upside

Scott Melker discusses how Strategy (MSTR) executive chairman Michael Saylor is now blaming AI for bitcoin's (BTC-USD) price crash. He goes on to highlight Arca and 10x Research's respective responses to Saylor's recent comments. Strategy sold $2.5 million worth of bitcoin last week, going on to buy the dip and purchase $101 million in the crypto asset this week. "The Daily Wolf with Scott Melker" airs on Yahoo Finance every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.
Is SpaceX even worth half of what Elon Musk says it is?
Elon Musk’s SpaceX is seeing a massive wave of investor demand ahead of its public debut, with institutional buy orders heavily outstripping the $75 billion supply of shares.

Yale School of Management executive fellow and "Picking Presidents" author, Gautam Mukunda, sits down with Yahoo Finance's Julie Hyman to explain how Elon Musk's 85% voting share at SpaceX (SPAX.PVT) poses a grave threat to US capital markets.
Investing.com -- SpaceX’s initial public offering has attracted orders from institutional investors that are several times larger than the number of shares available, according to a report from Bloomberg News, citing people familiar with the matter.
SpaceX is days away from one of the most anticipated initial public offerings in stock market history. The company is expected to price on June 11 and begin trading on June 12 at a valuation of approximately $1.75 trillion, which would make it the most valuable IPO ever completed. Before the ...
It's a foregone conclusion that SpaceX will raise at least $85 billion in its record-wrecking IPO , with pricing set for Thursday and first trades for Friday.
The AI boom is giving investors no shortage of curveballs. In a rather surprising move, Alphabet‘s (NASDAQ:GOOGL) Google inked a deal that’ll see Elon Musk’s SpaceX (SPCX) receive $920 million per month to rent its AI compute capacity. The move, which is slated to last between October 2026 and June 2029, is more of a ... Google Is Paying SpaceX Over $900 Million a Month for AI Compute
OpenAI has confidentially submitted paperwork for an initial public offering, paving the way for what could become one of the most closely watched stock market debuts in years and a potentially significant liquidity event for its early backers. The filing follows Anthropic’s recent announcement that it intends to pursue its own public listing and comes just ahead of SpaceX’s anticipated market debut later this week.
As commercial applications in space multiply, investors may find opportunities that extend well beyond a potential SpaceX IPO. Here are some ETFs worth considering.
Steve Eisman, the investor who made his name betting against subprime mortgages before the 2008 crash, wants no part of the SpaceX IPO. However, crypto traders feel the opposite, and they have the price tags to prove it. Eisman, now host of "The Real Eisman Playbook" podcast and a former ...
SpaceX and Google have a close relationship, and investing in Alphabet may be a safer and better alternative to buying the upcoming IPO.
Yahoo Finance Breaking News Reporter Jake Conley and Opening Media CEO Phil Rosen join Julie Hyman on Morning Brief to discuss the latest developments surrounding OpenAI's (OPAI.PVT) IPO plans and SpaceX's (SPCX) upcoming public debut on June 12. They break down the growing retail investor interest in both offerings and examine whether either stock is worth buying at its IPO price.
This could be the third trillion-dollar IPO of the year.
Tesla (NASDAQ:TSLA) CEO Elon Musk is once again pitching a project that sounds engineered to break Excel spreadsheets. According to an X post from Sawyer Merritt circulating this week, Musk described Terafab as a roughly 100 million square foot facility, about 10 times larger than Tesla’s Giga Texas factory, with a long-term output target of ... Elon Musk Reveals Insane Plan to Double American Chip Production in a Single Plant
SpaceX and Tesla CEO Elon Musk released specs for the orbital data centers his two companies are collaborating on. Tesla stock is soaring this week.

SpaceX revealed its first generation of orbital data center satellite - dubbed AI1 - in a video posted to X late Monday. The reveal marks SpaceX's first step towards one of its biggest initiatives, just as the company preps for its market debut, slated for this Friday.
MANGOS — no, not the tropical stone fruit — is the latest Big Tech acronym to be at the top of investors' minds ahead of 2026's biggest IPOs. MANGOS consists of Meta Platforms (META), Anthropic (ANTH.PVT), Nvidia (NVDA), Alphabet (GOOG, GOOGL), OpenAI (OPAI.PVT), and SpaceX (SPCX, SPAX.PVT). Yahoo Finance Senior Business Reporter Ines Ferré explains the latest AI tech groupings being coined by Wall Street analysts.
J.P. Morgan recently raised its price target on Tesla by more than 3x.
If there’s ever been a make-or-break for the great Trump bull market, it’s probably this week — the week that SpaceX goes live on the public markets for the very first time. Investors went into the week pretty unsettled after Friday left investors pondering what to do over the weekend after semiconductors imploded, dragging down ... This Week Might Be the Make or Break Moment for the “Trump Bull Market”
OpenAI filed a confidential S-1 on June 8 at an $852B valuation, joining Anthropic ($965B) and SpaceX’s $1.77T IPO process as the third major ...

The excitement is building around the SpaceX IPO, which is set to debut on the Nasdaq Composite on Friday.
You've still got a shot at getting in on the direct public offering. That doesn't necessarily mean you'll need -- or even want -- to, though.