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SpaceX is more of an AI stock than a space stock -- and that's great news for Intel.

ARKK saw record inflows and outflows as investors possibly used ETFs to access SpaceX's IPO.

This aerospace and industrial power systems stock hit an all-time high on Wednesday. Its helps power satellites, missiles and data centers.

SpaceX stock is flying, and so are shares of older aerospace incumbents like GE Aerospace and Boeing.

SpaceX's post-IPO rally lifted Musk's wealth by $620 billion over four trading days, Bloomberg's index showed.

SPACs are making a comeback. A flood of expected blockbuster IPOs this year is creating an opening for SPACs as smaller companies seek to capitalize on a favorable market without having to compete for investor attention against the likes of SpaceX, Anthropic and OpenAI. That is giving blank-check companies renewed footing after years of upheaval, with ‌a more mature SPAC market emerging at a time when mega-IPOs are expected to command an outsized share of investor capital and attention, analysts, market experts and industry insiders told Reuters.

(Bloomberg) -- A series of unusual multibillion-dollar flows has rippled through the exchange-traded fund market in the past week, suggesting some major investors used a contentious method to get exposure to the initial public offering of SpaceX. At least one fund manager placed temporary restrictions on its product in a bid to curb the practice.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingIran’s Deputy

SpaceX fell on Wednesday for the first time since the company went public, breaking a three-session winning streak that had pushed Elon Musk's rocket and AI venture into the upper tier of the world's most valuable companies.

Interactive Brokers chief strategist Steve Sosnick comes on the Morning Brief to expand on the stock growth that SpaceX (SPCX) has seen just a few trading days since its IPO last Friday.

SpaceX stock continues its near-vertical ascent. AST SpaceMobile rises on successful satellite deployment. SpaceX completes ISS mission.

Stock Market Today: The Dow Jones index wavered Wednesday ahead of the Fed's decision and Fed Chair Warsh's comments. SpaceX stock rallied.

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock

US equity futures were slightly higher pre-bell Wednesday as traders await the Federal Reserve's rat

The deal, expected to close in the third quarter of 2026, values Cursor's parent company Anysphere at $60 billion

The main US stock measures were mostly pointing higher in Wednesday's premarket activity as traders

U.S. stock futures rose as further details on a memorandum of understanding between the U.S. and Iran lifted sentiment.

Does AI hype have Wall Street ignoring inflation? Trader Talk host Kenny Polcari discusses the growing concerns with NYSE Senior Market Strategist Michael Reinking, and Tuttle Capital Management CEO & CIO, Matthew Tuttle

The new Fed chair is likely to home in on elevated inflation and its primary causes.

Market commentator The Kobeissi Letter highlighted on Tuesday a record surge in tokenized stocks on Solana (CRYPTO: SOL), led by strong demand following Space Exploration Technologies Corp. (NASDAQ:SPCX)‘s blockbuster IPO. SpaceX Accelerates Tokenization Push Kobeissi Letter drew attention to $4.3 billion in on-chain volume of tokenized stocks over the last 30 days, citing data from asset tokenization analytics platform rwa.xyz. This marked the highest monthly volume ever, and a 140% year-to-dat

SpaceX’s $75 billion initial public offering shattered market records, turned founder Elon Musk into the world’s first trillionaire, and opened fresh debates over corporate valuations and governance. It’s not the first time an IPO has shaken things up. IPOs have been reshaping markets since the Bank of North America’s 1783 debut got it all started for the young republic.

Jason Calacanis said Cursor could become the No. 1 or No. 2 AI coding agent within a year thanks to SpaceX's compute advantage.

Buying AI coding agent Cursor in a $60 billion deal and renting out data-center capacity gives the company a launchpad to land more enterprise customers.

The Dow surged to a fresh intraday record on Tuesday before finishing at an all-time closing high, marking its second straight record close.

While SpaceX continues its stellar post-IPO debut performance, investors should also keep another IPO on their radar.

By Suzanne McGee June 16 (Reuters) - Just days after SpaceX wrapped up its record $75 billion initial public stock offering and ignited another burst of enthusiasm among traders for all things AI, two

<body><p>STORY: Wall Street's main indexes ended mixed on Tuesday, with the Dow gaining just under two-thirds of a percent to notch its second straight record-high close... while the S&P 500 shed more than half a percent and the Nasdaq dropped more than one percent.</p><p>Shares of Elon Musk's SpaceX ended nearly 5% higher, paring earlier gains. For much of the session, the rocket and AI company's value was above that of Amazon, and it briefly surpassed Microsoft's valuation, as retail investors continued to pour into the stock after its record-breaking IPO.</p><p>But Amol Dhargalkar, chairman and managing partner at Chatham Financial, warned of several risks that could trigger volatility for SpaceX and other AI-related stocks.</p><p>"I think that's a really difficult position to be in as a retail investor, especially when you consider the fact that there is a lot of risk, not just in the business model, but these are names where the cash flows are likely far into the future.&nbsp;And we are not in a period of 0% or negative interest rates or even declining interest rates at this point.&nbsp;</p><p>There's a lot of question as to whether interest rates will continue to be flat or will they go up.&nbsp;And that can certainly be a meaningful drag on valuations of high growth companies, especially where that growth is out far into the future."</p><p>Investors will look for clues on where interest rates are headed when the Federal Reserve concludes its latest two-day policy meeting on Wednesday, with Kevin Warsh holding his first press conference as Fed chair.</p><p>Other stocks on the move included shares of Olin, which sank nearly 6% after the chemical producer said it would acquire Huntsman in an all-stock deal valued at more than $2.4 billion. Huntsman shares also fell as the offer stood at a discount to the stock's recent price.</p><p>:: Yum Brands</p><p>And shares of Yum Brands rose after the fast-food company said it would sell its Pizza Hut chain for $2.7 billion, against a backdrop of softer consumer spending across the fast-food industry.</p></body>

By Caroline Valetkevitch and Amanda Cooper NEW YORK/LONDON, June 16 (Reuters) - Oil prices fell more than 5% on Tuesday, extending this week's losses on hopes a U.S.-Iran deal to end the Middle East

Just days after SpaceX wrapped up its record $75 billion initial public stock offering and ignited another burst of enthusiasm among traders ‌for all things AI, two asset managers disclosed plans to launch exchange-traded funds ‌linked to the new AI-stock acronym that is all the buzz on Wall Street. In what ETF market analysts described ​as the latest example of "concept investing," Yorkville America, the company that manages the Truth Social ETF franchise, and ETF industry newcomer Corgi Securities both filed late on Monday with the U.S. Securities and Exchange Commission for permission to roll out new funds pegged to the "MANGOS" moniker that ‌sprang to life on X and ⁠other social media sites ahead of the SpaceX IPO.

Plus, the U.S.-Iran deal lets Tehran sell oil immediately, and a former drug dealer’s shows make millions without Hollywood.

NEW YORK, June 16 (Reuters) - Wall Street was mixed on Tuesday as tech shares weighed on the S&P 500 and the Nasdaq while the Dow notched another record high and crude prices resumed their post-Iran-