U.S. stocks climbed Friday, buoyed by hopes of a U.S.-Iran peace deal and the historic debut of SpaceX, which surged past its IPO price. Progress in peace talks eased inflation and interest rate concerns, while SpaceX’s strong opening captivated investors despite its recent losses. Other space stocks saw a slight pullback.Read More

SpaceX’s Nasdaq debut shattered expectations, soaring past $2 trillion and becoming the sixth-largest U.S. company. Investors, from institutions to retail fans, celebrated the record-breaking IPO, which raised $75 billion. Despite a reported loss last year, the company’s ambitious vision and market opportunity captivated the market, with shares closing up 19%.Read More

Sebi is evaluating longer-term futures and options contracts, broader commodity derivatives and bond index derivatives to deepen markets. The regulator highlighted resilient capital markets, strong domestic investor participation and a robust IPO pipeline despite global uncertainties and volatility.Read More

Shell has decided to put its $3 billion share repurchase program on hold from June 12 to July 14, as it navigates the implications of its acquisition of ARC Resources. During this period, shares that are not bought back will be earmarked for upcoming repurchase efforts.Read More

SpaceX shares surged on their Nasdaq debut, valuing the company at nearly $1.96 trillion. This historic Initial Public Offering made Elon Musk the world’s first trillionaire. The rocket maker raised substantial funds, surpassing Saudi Aramco’s IPO. Investors are watching closely as SpaceX aims for Mars and beyond, with Starlink driving its growth.Read More

SpaceX options contracts will commence trading Tuesday, following the company’s successful IPO where shares opened at $150, exceeding the $135 offering price. High demand for these derivatives is anticipated, potentially driving further share trading as investors speculate or hedge against price movements.Read More

SpaceX’s record $75 billion IPO includes a greenshoe option, allowing for the sale of an additional 15% of shares. This standard feature, designed to stabilize trading, could raise SpaceX an extra $11.2 billion if demand remains strong. The greenshoe option, named after a 1960 IPO, helps manage volatility for newly listed stocks.Read More

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Major US stock indices opened higher on Friday, driven by optimism for a Middle East peace deal. Investors also anticipated the historic market debut of Elon Musk’s SpaceX, expected to be Wall Street’s largest public listing ever. The Dow and S&P 500 saw gains, while the Nasdaq experienced a slight dip.Read More

SpaceX began trading on Nasdaq following a record-breaking IPO that valued the company at $1.75 trillion. Investors are closely watching its market debut, growth prospects in space, satellite communications and AI, and potential inclusion in the Nasdaq-100 index.Read More