Week in Review: SpaceX shoots for the stars

SpaceX’s launch day

SpaceX makes its stock market debut after raising $75 billion in the world’s biggest IPO. Friday’s trading will be a key test for the rocket maker and Wall Street. With Anthropic, OpenAI, Alphabet and Meta all eyeing fresh capital raises, the question is whether there is enough demand to cover the supply. Today’s recommended read: Red-hot SpaceX IPO may burn retail buyers [https://www.reuters.com/commentary/reuters-open-interest/red-hot-spacex-ipo-may-burn-retail-buyers-2026-06-11/], Jamie McGeever Subscribe to Mike Dolan's Morning Bid newsletter, [https://www.reuters.com/newsletters/morning-bid-us/] and check out his columns on Reuters Open Interest [https://www.reuters.com/commentary/reuters-open-interest/] Read more from Amanda Cooper [https://www.reuters.com/authors/amanda-cooper/] and Anna Szymanski [https://www.reuters.com/authors/anna-szymanski/] Produced by Eliza Davis Beard, Ethan Plotkin and Abisoye Adelusi Sound engineering and music by Sebastian and Josh Sommer Visit the Thomson Reuters Privacy Statement [https://www.thomsonreuters.com/en/privacy-statement.html] for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices [https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fmegaphone.spotify.com%2Fabout-advertisements&data=05%7C02%7CGayle.Issa%40thomsonreuters.com%7Cdeedd17f603f4b360c6d08dd887d4c6f%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C638816793925865321%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=wKzcMqK1Jgd8UvIvqngaWQBitV9DjLnzqGz8cs1suDw%3D&reserved=0] to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

Hike and seek

The ECB is widely expected to raise rates on Thursday with two more are already priced in for the year. Meanwhile, a fragile calm returns after U.S.-Iran military exchanges shook markets overnight, and Oracle falls 10% after results highlight a heavy debt load. Today’s recommended read: 'Global euro' needs more joint debt to pass muster [https://www.reuters.com/commentary/reuters-open-interest/global-euro-needs-more-joint-debt-pass-muster-2026-06-11/], Mike Dolan Subscribe to Mike Dolan's Morning Bid newsletter, [https://www.reuters.com/newsletters/morning-bid-us/] and check out his columns on Reuters Open Interest [https://www.reuters.com/commentary/reuters-open-interest/] Read more from Amanda Cooper [https://www.reuters.com/authors/amanda-cooper/] and Anna Szymanski [https://www.reuters.com/authors/anna-szymanski/] Produced by Eliza Davis Beard and Abisoye Adelusi Sound engineering and music by Sebastian and Josh Sommer Visit the Thomson Reuters Privacy Statement [https://www.thomsonreuters.com/en/privacy-statement.html] for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices [https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fmegaphone.spotify.com%2Fabout-advertisements&data=05%7C02%7CGayle.Issa%40thomsonreuters.com%7Cdeedd17f603f4b360c6d08dd887d4c6f%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C638816793925865321%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=wKzcMqK1Jgd8UvIvqngaWQBitV9DjLnzqGz8cs1suDw%3D&reserved=0] to opt out of targeted advertising. Our Standards: The Thomson Reuters Trust Principles. [https://www.thomsonreuters.com/en/about-us/trust-principles.html] Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

Oil pump and circumstance

Oil rebounds as U.S. and Iran trade fresh strikes. Wall Street braces for a inflation report expected to push the headline rate above 4%. And the SpaceX IPO, a 10-year Treasury auction, and a likely ECB rate hike round out a packed week. Today’s recommended read: Stock-pay boom amplifies US economic drumbeat [https://www.reuters.com/commentary/reuters-open-interest/stock-pay-boom-amplifies-us-economic-drumbeat-2026-06-10/], Mike Dolan Subscribe to Mike Dolan's Morning Bid newsletter, [https://www.reuters.com/newsletters/morning-bid-us/] and check out his columns on Reuters Open Interest [https://www.reuters.com/commentary/reuters-open-interest/] Read more from Amanda Cooper [https://www.reuters.com/authors/amanda-cooper/] and Anna Szymanski [https://www.reuters.com/authors/anna-szymanski/] Produced by Eliza Davis Beard and Abisoye Adelusi Sound engineering and music by Sebastian and Josh Sommer Visit the Thomson Reuters Privacy Statement [https://www.thomsonreuters.com/en/privacy-statement.html] for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices [https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fmegaphone.spotify.com%2Fabout-advertisements&data=05%7C02%7CGayle.Issa%40thomsonreuters.com%7Cdeedd17f603f4b360c6d08dd887d4c6f%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C638816793925865321%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=wKzcMqK1Jgd8UvIvqngaWQBitV9DjLnzqGz8cs1suDw%3D&reserved=0] to opt out of targeted advertising. Our Standards: The Thomson Reuters Trust Principles. [https://www.thomsonreuters.com/en/about-us/trust-principles.html] Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

Chip happens

Dip buyers pile back into chip stocks. China's May exports beat forecasts, fueled by a jump in memory chip prices - raising fresh inflation concerns for the Fed. Plus, OpenAI files confidentially for an IPO targeting a $1 trillion valuation, the third of the mega IPOs expected this summer. Today’s recommended read: Will AI become a public utility? [https://www.reuters.com/commentary/reuters-open-interest/automatic-people-ai-public-utility-2026-06-09/], Mike Dolan Subscribe to Mike Dolan's Morning Bid newsletter, [https://www.reuters.com/newsletters/morning-bid-us/] and check out his columns on Reuters Open Interest [https://www.reuters.com/commentary/reuters-open-interest/] Read more from Amanda Cooper [https://www.reuters.com/authors/amanda-cooper/] and Anna Szymanski [https://www.reuters.com/authors/anna-szymanski/] Produced by Eliza Davis Beard and Abisoye Adelusi Sound engineering and music by Sebastian and Josh Sommer Visit the Thomson Reuters Privacy Statement [https://www.thomsonreuters.com/en/privacy-statement.html] for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices [https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fmegaphone.spotify.com%2Fabout-advertisements&data=05%7C02%7CGayle.Issa%40thomsonreuters.com%7Cdeedd17f603f4b360c6d08dd887d4c6f%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C638816793925865321%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=wKzcMqK1Jgd8UvIvqngaWQBitV9DjLnzqGz8cs1suDw%3D&reserved=0] to opt out of targeted advertising. Our Standards: The Thomson Reuters Trust Principles. [https://www.thomsonreuters.com/en/about-us/trust-principles.html] Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

Week Ahead: SpaceX odyssey

The SpaceX IPO - reported to be more than twice oversubscribed - arrives against a turbulent backdrop, with the chip sector posting its worst single-day drop of the year on Friday. A blowout May payrolls report has markets pricing in nearly two Fed rate hikes within 12 months, defying President Trump's calls for lower rates. And oil surges more than 4% after Israel and Iran trade missile strikes, adding fresh heat to the inflation outlook. Today’s recommended site: Reuters Open Interest [https://www.reuters.com/commentary/reuters-open-interest/] Subscribe to Mike Dolan's Morning Bid newsletter, [https://www.reuters.com/newsletters/morning-bid-us/] and check out his columns on Reuters Open Interest [https://www.reuters.com/commentary/reuters-open-interest/] Read more from Amanda Cooper [https://www.reuters.com/authors/amanda-cooper/] and Anna Szymanski [https://www.reuters.com/authors/anna-szymanski/] Produced by Eliza Davis Beard and Abisoye Adelusi Sound engineering and music by Sebastian and Josh Sommer Visit the Thomson Reuters Privacy Statement [https://www.thomsonreuters.com/en/privacy-statement.html] for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices [https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fmegaphone.spotify.com%2Fabout-advertisements&data=05%7C02%7CGayle.Issa%40thomsonreuters.com%7Cdeedd17f603f4b360c6d08dd887d4c6f%7C62ccb8646a1a4b5d8e1c397dec1a8258%7C0%7C0%7C638816793925865321%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=wKzcMqK1Jgd8UvIvqngaWQBitV9DjLnzqGz8cs1suDw%3D&reserved=0] to opt out of targeted advertising. Our Standards: The Thomson Reuters Trust Principles. [https://www.thomsonreuters.com/en/about-us/trust-principles.html] Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]