June 5 Update

A couple of interesting signs in market. 

      Micron (MU) fell 7.7% or a loss of $94 billion of market capitalization.  This is the largest drop ever for Micron

      Broadcom (AVGO) itself shaved $286 billion off its market cap, the fourth-largest one-day market-value erasure for any U.S. company on record.

     Strong May jobs data.  172,000 jobs added in May.  Unemployment rate stays the same at 4.3%

Interest rate moved higher on this news. 

Fed decision on June 17th. 

Some SpaceX tidbits:

 

  • SpaceX’s initial public offering is set to raise $75 billion by selling 555,555,555 shares at $135, valuing the company at $1.75 trillion.

  • The $75 billion SpaceX IPO is the largest ever, more than double Saudi Aramco’s 2019 offering, stressing market infrastructure.

  • SpaceX’s debut is changing indexation rules, with its inclusion in the Nasdaq-100 15 days post-IPO, reflecting larger deal trends.

Fidelity quietly dropped its minimum account requirement from $500,000 to $2,000 - a 99.6% cut that lets millions of small retail investors in days before the biggest stock debut in history.

The catch is who they need to sell to. - SpaceX reserved up to 30% of the offering for retail, far above the usual single-digit share –

Selling within the first 15 days triggers Fidelity penalties up to a permanent IPO ban


June 3 Update ›