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SpaceX cuts retail IPO allocation to low 20% range, source says

The Elon Musk-led company plans to direct a percentage in the low 20s of the offering to retail buyers, according to a person familiar with the matter.

Published 12 June 2026
Categorised as Finance News

SpaceX to close above $2 trillion market cap on its debut, prediction market traders say

Traders on Polymarket think it’s likely SpaceX will join a group of just six companies boasting a market value beyond $2 trillion.

Published 12 June 2026
Categorised as Finance News

From startup to $1.8 trillion: The investors who took a chance on SpaceX now reap the rewards

With SpaceX seeking a valuation of nearly $1.8 trillion in IPO, early bets are poised to generate some of the biggest paper gains in venture capital history.

Published 12 June 2026
Categorised as Finance News

Gold slumps to 6-month low even as inflation fears rise. Here’s why bullion is out of favor

The yellow metal is at lowest level of the year as potential interest rate increases and faltering technical signals weigh on prices.

Published 12 June 2026
Categorised as Finance News

ECB hikes interest rates for first time since 2023 as Iran war ramps up energy costs

The European Central Bank also raised its inflation forecasts and cut its growth outlook.

Published 12 June 2026
Categorised as Finance News

Wholesale prices rose 1.1% in May, more than expected, on surge in energy

The producer price index was expected to increase 0.7% in May, according to the Dow Jones consensus forecast.

Published 11 June 2026
Categorised as Finance News

Stocks making the biggest moves premarket: Oracle, Intel, Applied Materials, Alcoa and more

These are the stocks posting the largest moves in the premarket.

Published 11 June 2026
Categorised as Finance News

KKR says AI productivity boom to keep on going — but warns of ‘extreme’ trend not seen since the 19th century

KKR said in its mid-year outlook Thursday that AI will drive economic growth for years to come, but only in specific sectors.

Published 11 June 2026
Categorised as Finance News

Citigroup shares outperform down market after Trump endorsement

Jane Fraser-led Citi fell 1%, less than the rest of the market and some other major banks, after Trump lauded its turnaround in a social media post.

Published 11 June 2026
Categorised as Finance News

Stocks making the biggest moves midday: Super Micro, Cracker Barrel, Robinhood Markets, truckers & more

These are some of the stocks posting the largest moves midday.

Published 11 June 2026
Categorised as Finance News

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Recent Posts

  • SpaceX cuts retail IPO allocation to low 20% range, source says
  • SpaceX to close above $2 trillion market cap on its debut, prediction market traders say
  • From startup to $1.8 trillion: The investors who took a chance on SpaceX now reap the rewards
  • Gold slumps to 6-month low even as inflation fears rise. Here’s why bullion is out of favor
  • ECB hikes interest rates for first time since 2023 as Iran war ramps up energy costs

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