What Happened
Blockbuster Listing May Signal Market Froth Amid Tech Surge
The highly anticipated SpaceX initial public offering is expected to take place on June 12, with the company aiming to raise $75 billion and valued at $1.75 trillion. This blockbuster listing may test the current high-flying US stocks rally, with investors wary of possible overexuberance. The IPO is expected to be followed by other mega listings from Anthropic and OpenAI, and will be closely watched by investors and analysts alike. The news was first reported by Reuters.