57
Markets4h 7m ago

US stocks drifted on Friday as falling oil prices supported sentiment, while investors turned their attention to the highly anticipated stock market debut of SpaceX.

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US

Who
US stocks, SpaceX, Donald Trump, Elon Musk
What
US stocks drifted on Friday as falling oil prices supported sentiment, while investors turned their attention to the highly anticipated stock market debut of SpaceX.
When
Fri, 12 Jun 2026 13:54:00 GMT · 4h 7m ago
Where
US ·
Why
Falling oil prices and the anticipated market debut of SpaceX influenced investor sentiment, particularly regarding the appetite for AI-related investments.
The Frontline Impact

How this affects you

The performance of SpaceX's debut will indicate investor confidence in AI stocks after recent volatility, potentially influencing the valuation of major tech companies and future IPOs in the sector. Declining oil prices offer a boost to the global economy by reducing inflationary pressures.

Story chain

14 events in this thread
  1. Markets44m ago
    SpaceX's Nasdaq debut saw its valuation exceed $2 trillion, triggering a large wave of tokenized stock activity across crypto markets.
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  2. Markets1h 31m ago
    Clear Street analyst Greg Pendy designated several stocks as either competitors or complementary plays to SpaceX ahead of its initial public offering on Friday.
    Open article
  3. Markets1h 46m ago
    Elon Musk's SpaceX made a strong entrance into public markets on June 12, with its shares starting trade on the Nasdaq at $150 each, representing an 11 per cent gain over the initial public offering (IPO) price of $135.
    Open article
  4. Markets1h 58m ago
    The dollar steadied on Friday amidst a week of economic and geopolitical volatility, highlighted by Middle East peace negotiations and a major SpaceX IPO.
    Open article
  5. Markets1h 58m ago
    The dollar steadied on Friday, capping a week marked by significant economic and geopolitical events that sent ripples through global markets.
    Open article
  6. Markets1h 58m ago
    The dollar steadied on Friday, capping a week marked by significant economic and geopolitical events that sent ripples through global markets.
    Open article
  7. Markets1h 59m ago
    Morningstar valued SpaceX at $63 per share, significantly below its indicative IPO price of $135 and bullish targets of $190.
    Open article
  8. Markets1h 59m ago
    SpaceX's shares jumped 17% on Friday, pushing its valuation above $2 trillion during its Nasdaq debut, following a record-setting $75 billion initial public offering.
    Open article
  9. Markets2h 13m ago
    Canada’s main stock index was up more than 300 points in late-morning trading.
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  10. Markets2h 13m ago
    Canada’s main stock index was up more than 300 points in late-morning trading, helped by strength in the base metal and financial sectors, while U.S. stock markets also surged higher.
    Open article
  11. Markets2h 40m ago
    U.S. stocks are rising Friday after oil prices fell again and as Wall Street waits for the highly anticipated debut of SpaceX coming later in the day.
    Open article
  12. Markets3h 40m ago
    U.S. stocks are drifting Friday as oil prices fell and Wall Street awaits the highly anticipated debut of SpaceX later in the day.
    Open article
  13. Currently Reading4h 7m ago
    US stocks drifted on Friday as falling oil prices supported sentiment, while investors turned their attention to the highly anticipated stock market debut of SpaceX.
  14. Markets4h 10m ago
    U.S. stocks are drifting Friday as oil prices fell and Wall Street awaits the highly anticipated debut of SpaceX.
    Open article

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