SpaceX Completes The Biggest IPO Ever, Listing Today
The rocket maker raised about 75 billion dollars and debuts on the Nasdaq into a suddenly friendlier, risk-on market.
Where state power meets the boardroom. Power & Capital is TIPP Insights' daily geoeconomic brief. We decode tariffs, sanctions, supply chains, energy, and global risk for the people who run companies. Five sharp stories every weekday, anchored by the monthly TIPP Geoeconomic Risk Index. Read it for what the headlines actually cost the bottom line.
The rocket maker raised about 75 billion dollars and debuts on the Nasdaq into a suddenly friendlier, risk-on market.
The lender cuts its 2026 forecast to the weakest since the pandemic and warns of a deeper slump if energy supply worsens.
Crude fell sharply on the deal signal, though the strait stays shut and the blockade remains until any agreement is signed.
A relief rally swept Wall Street and then Asia after the deal signal, with chipmakers leading the charge.
The president says the framework is approved and a signing is days away, though Iran insists nothing is final and the blockade stays.
The year's biggest listing sets its final price after Thursday's close, debuting Friday just as war and inflation roil stocks.
May prices rose 4.2 percent from a year earlier, almost entirely on fuel, leaving the Fed boxed in before next week's meeting.
The Dow sheds more than 900 points after a three-year-high inflation print collides with the Gulf escalation.
Crude jumps in early trading after the second night of attacks, with the risk premium back in an already tight market.
Central Command fires another round near Hormuz, Iran answers against Gulf states, and Washington warns Tehran will pay the price.
The year's marquee listing aims for a 1.77-trillion-dollar valuation just as war and inflation rattle markets.
May CPI, due this morning, is expected at its highest in nearly three years, boxing in a new Fed chair days before his first meeting.
A chip-led selloff met de-risking before inflation data, and now futures face an overnight escalation in the Gulf.
Crude had eased on hopes of a reopening deal, but the overnight strikes revive the supply-shock premium.
Washington hits air-defense sites near Hormuz overnight and Tehran answers with attacks on Gulf states, reigniting the war.
TIPP's new Geoeconomic Risk Index debuts at 92 out of 100, surpassing the peak it set when Russia invaded Ukraine, and driven this time by one force above all: trade policy.