Key facts
- SpaceX plans to go public on June 12.
- The company targets a $1.75 trillion valuation.
- SpaceX aims to raise $75 billion through its IPO.
- OpenAI and Anthropic are also expected to file for IPOs.
- The European Central Bank is expected to implement a 25-basis-point rate hike.
SpaceX is preparing for a significant initial public offering (IPO) on June 12, targeting a valuation of $1.75 trillion and aiming to raise $75 billion. This event is anticipated to be the first of several mega IPOs in the coming months, with AI companies OpenAI and Anthropic also expected to pursue listings. The IPO occurs as high-flying tech stocks have driven a rally in major U.S. equity indexes. Investors will also be monitoring the U.S. consumer price index for inflation trends, particularly with higher energy prices. Oracle's earnings report is set to keep the focus on the tech stock surge and the AI trade. Meanwhile, the European Central Bank is expected to implement a 25-basis-point rate hike on Thursday, signaling a cautious approach to inflation without exacerbating growth concerns. The 2026 FIFA World Cup begins on Thursday, co-hosted by Mexico, Canada, and the United States, with potential revenue boosts for various companies. OPEC+ ministers are expected to agree on a July output target hike, despite ongoing volatility in oil prices related to the Iran war and potential peace talks. China's economy will be under scrutiny with the release of trade data, consumer price inflation figures, producer prices, and lending data for May.