Good morning.

The Fast FiveSpaceX IPO whips Musk fans into frenzy, Trump says he loves inflation, the inflation breakdown for May 2026 in one chart, Oracle and Super Micro sink, and SpaceX primed for a double-digit pop on day one…

📌 The SpaceX IPO just jump-started this rare market phenomenon. Position yourself for the Melt Up by going here →
(from Stansberry Research)

  • Today:
    Producer Price Index, 8:30A
    Unemployment Claims, 8:30A

  • Tomorrow:
    Prelim Consumer Sentiment, 10A
    Prelim Inflation Expectation, 10A

Your 5-minute briefing for Thursday, June 11:

BEFORE THE OPEN

As of market close 6/10/2026.

Pre-Market:

Market Wrap:

  • Futures lower Dow -123, S&P -0.4%, Nasdaq -0.6%

  • Dow -953 (-1.87%), S&P -1.62%, Nasdaq -1.98%

  • New US strikes on Iran pushed oil above $92

  • Oracle -11% after announcing a $20B AI funding plan

  • Tech selloff continued as investors rotated into other sectors

  • Energy, financials and healthcare attracted fresh interest

  • Today: PPI inflation and jobless claims due

EARNINGS

Here’s what we’re watching this week:

Why SpaceX Just Triggered the
End of the Bull Market

SpaceX insiders are getting ready to dump as much as $1.6 trillion in paper wealth – the biggest cashout in market history.

The same thing happened in 1999 right before the dot-com crash... and now, it's happening again.

To see where to move your money before the Melt Up reaches its dramatic conclusion, go here while there's still time »

- a message from Stansberry Research -

HEADLINES

Few companies have generated as much buzz ahead of their market debuts as SpaceX, which is set to raise about $75B this week in what could become the largest initial public offering in history.

President Trump said, “I love the inflation” after he was asked if he was worried about newly released consumer price index data.

  • Dow, S&P 500, Nasdaq slide as CPI report lands, US-Iran truce teeters (more)

  • Sen. Warren calls on SEC to delay SpaceX IPO, flagging concerns about valuation and governance (more)

  • US inflation picks up to three-year high, eroding paychecks (more)

    • Here’s the inflation breakdown for May 2026 — in one chart (more)

  • Oil surges as US targets Iran for second day (more)

    • US crude oil inventories fall for seventh straight week (more)

  • Chinese investors want in on US IPOs (more)

  • SpaceX primed for double-digit pop on first day (more)

  • SpaceX IPO draws billions in orders from Middle East funds (more)

  • Amazon trucking expansion sparks freight stock sell-off (more)

  • Oracle sinks as cloud sales miss overshadows earnings beat (more)

  • Super Micro sinks on $7B equity raise (more)

  • Visa and OpenAI partner to let AI agents shop for you (more)

  • Mastercard prepares for a future where AI agents make payments (more)

DEALFLOW

M+A | Investments

  • Comoto receives investment from Gemspring Capital

  • Smith + Howard receives investment from TPGrtners

  • Stephano Slack receives growth investment

  • KaufmanIT receives strategic investment from Abry Partners

VC

  • TensorWave, an AI cloud specializing in high-performance, memory-intensive workloads, raised $350M in Series B funding

  • Beren Therapeutics, a eveloper of cyclodextrin-based cholesterol trafficking therapeutics, raised $300M in equity and debt financing

  • Standard Bots, a developer of AI-native industrial robotics, raised $200M in a Series C funding

  • Element Biosciences, Inc., a multi-disciplinary life science company, raised $175M in Series E funding

  • SonoThera, a biotech company developing new genetic medicines, raised $125M in Series B funding

  • Pi Security, an agentic AI security startup, raised $35M in funding

  • Evotrex, a company developing power-generating RVs, raised $30M in Series A funding

  • Maneva, a physical AI solution specializing in video-to-action intelligence for manufacturing, raised $27M in Series A funding

  • Jedify, an autonomous context graph solution for data-intensive agentic workflows, raised $24M in Series A funding

  • FesariusTherapeutics, a medical tech company specializing in dermal repair solutions, raised $20M in Series A funding

  • Minerva, an AI platform for consumer marketing organizations, raised $20M in funding

  • Capsa AI, an AI operating system for private capital, raised $18M in Series A funding

  • F2, a compounding intelligence platform for private markets, raised $14M in Seed funding

  • Billables AI, an AI-native operational intelligence platform for law firms, raised approximately $10.2M in Series A funding

  • SWARM Engineering, a decision intelligence company for agrifood and manufacturing, raised $10M in Series A funding

  • Corca Research, Inc., a software company building a collaborative workspace for mathematics, raised $7.8M in funding

  • Uncovr, a surgical AI company building a system of intelligence for surgery, raised $7M in Seed funding

  • Fearn, an AI-native patent platform, raised $5.5M in Seed funding

  • The Portal, a wellness and private members' club, raised $5M in funding

  • Flux, a code‑first engineering intelligence platform, raised $5M in funding

  • Enlaye, an AI-native Risk Lifecycle Management™ platform for the construction and infrastructure industries, raised $5M in Seed funding

  • WealthReach, an AI-powered organic growth platform built for RIAs and wealth management firms, raised $1M in Seed funding

CRYPTO

  • Bitcoin selloff leaves half of all supply trading at a loss (more)

  • BlackRock, Fidelity are quietly turning Bitcoin ETFs into a two-firm market (more)

  • Crypto users wary as Anthropic releases Claude Mythos with safeguards (more)

BULLISH BITES

🕰️ Why 2026 is beginning to look like 1929.

⚡️ Founder tales about VCs reflect a power shift.

🎓 Colleges are building A.I. degrees, hoping students will come.

🌊 She’s set to swim the entire California coast (sharks permitting).

DAILY SHARES

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