SpaceX IPO, Inflation Report
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Investors step into the week after a Friday that saw markets reprice toward an interest-rate hike this year, pushing all three major indexes deeply into the red. A SpaceX IPO, Oracle earnings, and more inflation readings will test traders' resiliency.
SpaceX has officially filed its S-1 prospectus with the SEC, confirming plans to list on the Nasdaq under the ticker SPCX, with pricing expected on June 11 and public trading beginning as early as June 12,
The following new stocks to watch admittedly may never deliver those kinds of gains. But there is undoubtedly interest in growth-oriented companies that have recently tapped public markets to finance their big plans for the future.
A rangebound trading period shortly after a stock’s debut can allow volatility to cool and offer investors a safer way to buy in.
"Investors that ultimately become successful typically spend far more time researching fundamental factors such as competitive position and growth estimates, rather than focusing solely on getting caught up in the 'momentum' surrounding the IPO," Bahlmann noted.
Next week’s stock market catalyst watch: earnings, CPI/PPI, Fed blackout, IPO buzz, ex-dividend dates, and key conferences.
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SpaceX targets record-breaking IPO this month
SpaceX plans to go public this month with an offering that could raise up to $75 billion, setting up what would be the largest stock market debut on record and intensifying focus on Elon Musk’s growing fortune.
SpaceX is set to go public with a $75 billion initial public offering, offering 555.6 million shares at $135 each. This could potentially make Elon Musk the world's first trillionaire. Madeleine Rivera reports the latest.