Wall Street’s week ahead: Blockbuster SpaceX IPO set to test high-flying U.S. stocks rally
The upcoming SpaceX IPO is anticipated to be a significant event for the U.S. stock market, potentially raising $75 billion. Investors are cautious amid fears of overexuberance and the impact of recent strong jobs data on monetary policy. The IPO, along with key earnings reports in the technology sector, will be closely watched as the market navigates potential risks and inflation concerns.
- ▪SpaceX aims to raise $75 billion in its IPO, which would value the company at $1.75 trillion.
- ▪The S&P 500 posted a weekly decline after nine consecutive weeks of gains, influenced by strong jobs data and fears of interest rate hikes.
- ▪The IPO is expected to attract significant retail investor interest and could indicate market trends in the tech sector.
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ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountThe long-awaited, massive SpaceX initial public offering is expected next week, a major event for the U.S. stock market, with investors wary of possible overexuberance. Stock indexes fell on Friday as strong jobs data ignited fears of hawkish monetary policy and semiconductor shares tumbled after a torrid run. The benchmark S&P 500 posted a weekly decline after nine straight weeks of gains.The S&P 500 was still up about 8% in 2026, including a 16% rebound since its late-March low for the year.“Nothing has stuck in terms of pessimism in the last two months,” said Mark Hackett, chief market strategist for Nationwide.
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