(Updates with index/price moves and Iran peace deal talks from the first paragraph.) US equity in
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SpaceX's IPO has been a hit. Should investors pounce on the stock before it rockets higher?
It’s fitting that the largest IPO ever debuted on a day that Wall Street was back chasing momentum stocks. The S&P 500 was up 0.5%. The Nasdaq was up 0.4%. The Dow was up 384 points, or 0.8%. SpaceX stock was up 27% to $170.
(Updates with index/price moves, macroeconomic data, and political/company news from the first parag
SpaceX shares opened at $150 on Friday, June 12, and popped above its IPO price of $135 per share, making Elon Musk the world's first trillionaire.
SpaceX soared 23% in its first hour of trading, but the Nasdaq barely budged. Here's why even a $2 trillion newcomer can't move the needle in a market ruled by $4 trillion giants.
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Tech stocks are selling off amid renewed artificial-intelligence spending concerns, Microsoft included.
The Nasdaq was struggling to hold onto gains Friday amid SpaceX's blockbuster IPO. The tech-heavy index was up 0.2% but moving in and out of negative territory. The S&P 500 was up 0.5%. The Dow was up 353 points, or 0.
Bloomberg’s Balance of Power covered the story on Thursday, June 11, that President Trump announced he was calling off the planned U.S. military strikes against Iran, with a memorandum of understanding potentially being signed within days. Markets responded immediately: the S&P 500 closed up 1.8%, and the Nasdaq rallied close to 3% on the de-escalation ... Trump Calls Off Iran Strikes with Deal in Reach: “We Should Be Getting It Done In The Next Few Days.”
It's not all SpaceX in markets today. A big gain from Goldman Sachs is boosting the Dow Jones Industrial Average. The blue-chip index recently added around 400 points, or 0.8%. The S&P 500 rose 0.5%. The tech-heavy Nasdaq advanced about 0.
CarMax stock is in turnaround mode with a new CEO ahead of its upcoming earnings report, while AI investors await earnings from Jabil.
Stocks traded sideways at the open on Friday with SpaceX set to make its public debut following yesterday’s market relief rally. The Dow rose 138 points, or 0.2%. In the largest IPO ever with $75 billion raised, SpaceX will begin trading at some point today.

<body><p>STORY: SK Hynix is looking to choose the Nasdaq for its planned U.S. listing.</p><p>That's what two sources told Reuters.</p><p>The planned listing could come as soon as August and follows a 230% surge in the company's share price this year.</p><p>The U.S. listing is expected to widen the company's investor base and raise its profile among global investors.</p><p>The sources said the company chose Nasdaq over the New York Stock Exchange.</p><p>SK Hynix declined to comment.</p><p>Nasdaq wasn't immediately available for comment outside business hours.</p><p>Nasdaq is home to many of the world's largest tech firms and chipmakers.</p><p>It includes Nvidia, Microsoft, Alphabet and other heavyweights.</p><p>SK Hynix is the world's second-largest memory chipmaker and a key supplier to Nvidia.</p><p>The CEOs of both companies met in South Korea earlier this week.</p><p>They said they signed a multi-year technology partnership that would advance next-generation memory for global AI data centers.</p><p>SK Hynix is a big player in the AI boom due to its dominant position in high-bandwidth memory chips used in AI servers.</p><p>Reuters earlier reported SK Hynix received - quote - "tremendously positive" feedback on the U.S. listing plan.</p><p>The firm cited strong AI demand and its position in the memory-chip market.</p></body>
(Bloomberg) -- Even SpaceX’s opening bell ceremonies at the Nasdaq stock market were a first-of-their-kind affair.Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeXbox Plans Significant Layoffs as New CEO Plans OverhaulUS, Iran Edge Toward Interim Deal Signing Close to G7 Next WeekTrump Insists Iran Deal Is Close After Scrapping New StrikesUAE and Iran Meet Face-to-Face to Try to Deescalate TensionsThousands of SpaceX employees helped ring in the company’s public
SpaceX (SPCX) officially debuted on the Nasdaq Composite (^IXIC) on Friday, making history as the largest-ever initial public offering (IPO). Yahoo Finance Senior Reporter Brooke DiPalma shares Elon Musk's initial reaction to becoming a trillionaire.

Wall Street is abuzz on Friday with Elon Musk's trillion-dollar SpaceX (SPCX) IPO set to make history with a valuation of $1.77 trillion. Bloomberg reports that several venture capital firms, including the Founders Fund and Andreessen Horowitz, will net tens of billions of dollars from SpaceX's public launch. Morning Brief Host Julie Hyman is joined by Yahoo Finance Senior Reporter Pras Subramanian and Trustless Media Founder Zack Guzman to discuss the biggest winners from SpaceX's IPO.

SpaceX (SPCX) officially debuted on the Nasdaq Composite (^IXIC) on Friday, making history as the largest-ever initial public offering (IPO). Watch CEO Elon Musk remotely ring the opening bell from Starbase, Texas.

The big day is here as SpaceX (SPCX) prepares to go public on the Nasdaq via its historic IPO. Elon Musk's space operator raised $75 billion after pricing 555,555,555 shares at $135 each. Morning Brief Host Julie Hyman is joined by Yahoo Finance Senior Reporter Pras Subramanian and Trustless Media Founder Zack Guzman to discuss SpaceX's IPO pricing.
The SpaceX CEO's fortune on paper now rivals the annual economic output of many countries, according to World Bank data.
8am: US stock futures rise Wall Street is heading for a firmer open on Friday, with futures ticking higher as investors weigh President Donald Trump’s sudden shift on Iran and turn attention to a blockbuster market debut. Dow futures are up 0.6%, while those for the S&P 500 and the...
US equity futures were higher pre-bell Friday as traders anticipated a peace deal between the US and