Good morning.
The Fast Five → Wall Street readies for SpaceX liftoff, Intel stock soars on double upgrade, gold slumps to 6-month low, Europe raises interest rates, and Iran threatens Elon Musk’s companies in Middle East…
📌 Get a Stake in OpenAI and Anthropic Today — Both are still private. But with this ticker, you can claim a stake right now from any brokerage account for only a few dollars. And the world's #1 stock picker of 2020 will give you the name for free, right here »
(from InvestorPlace)
Calendar: Full Calendar »
Today:
Prelim Consumer Sentiment, 10A
Prelim Inflation Expectation, 10A
Monday:
None watched
Your 5-minute briefing for Friday, June 12:
BEFORE THE OPEN
As of market close 6/11/2026.
Pre-Market:
Market Wrap:
Futures higher Dow +59, S&P +0.2%, Nasdaq +0.2%
Dow +930 (+1.86%), S&P +1.75%, Nasdaq +2.54%
Chip stocks rebounded as tech led a broad rally
Trump says a U.S.-Iran deal could be signed soon
SpaceX IPO debuts Friday at a $1.77T valuation
Investors weigh IPO excitement against market liquidity risks
Today: Michigan consumer sentiment data due
EARNINGS
None watched today. Full earnings calendar »
I Became a Millionaire Here While
I Was Still in College
This little-known building in Pasadena is where I learned about a kind of investment most people never get access to.
Twenty years later, that same opportunity is wide open again.
And it's all because of what's about to happen to OpenAI and Anthropic.
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HEADLINES
There is little sign that investors have rotated out of other assets ahead of the historic IPO.
SpaceX's projected $1.77 trillion market cap would nearly equal the combined value of the 29 largest US IPOs since 2000, adjusted for inflation, which together are worth $1.76 trillion.
Wall Street indexes jump, Trump says strikes against Iran canceled (more)
Big stock swings herald the return of choppy markets (more)
Iran threatens Elon Musk’s companies in Middle East (more)
World Bank expects Iran war to slow global growth (more)
Supreme Court shields investment funds from shareholder lawsuits (more)
Europe raises interest rates as war stokes inflation (more)
China scolds e-commerce giants (more)
Wholesale prices rose 1.1% in May, more than expected (more)
Gold slumps to 6-month low even as inflation fears rise (more)
Oil prices settle lower after Trump cancels planned strikes against Iran (more)
Polymarket traders think SpaceX will cross $2 trillion market cap (more)
Intel stock soars on double upgrade from BofA (more)
Oracle shares tumble 11% on increased capital raise, cash concerns (more)
Jeff Bezos raises $12B for AI that builds things (more)
Founders Fund, Andreessen poised for record returns from SpaceX IPO (more)
AI revives the conglomerate (more)
DEALFLOW
M+A | Investments
OpenAI to acquire Ona to support its AI coding assistant, Codex
TDK to acquire Fabric8Labs, for up to $400M
VC
Digital Asset, a blockchain technology company and the creator of Canton, raised $355M in funding
PhoenixAI, a company developing an agentic AI database, raised $80M in Series B funding
Current, a consumer fintech platform, raised $80M in Series E equity financing
Hypha, an AI-native asset intelligence platform, raised $50M in Seed funding
Poetic, a company building a new class of software that learns like AI but runs like code, raised $50M in Series A funding
Coram AI, an AI-native physical security platform, raised $35M in Series B funding
Turnout, a provider of AI-powered consumer advocacy services, raised $35M in Series A funding
Dapple, an operating system for AI infrastructure, raised $30M in Seed funding
Leaf, a company developing absolution for agricultural and food companies to analyze their farm data, raised $13M in Series B funding
Rivvun AI, an autonomous financial execution and transaction-level recovery platform, raised $7.55M in Seed funding
Niteshift, a cloud platform for AI coding agents, raised $7M in Seed funding
Lium, a platform designed to help organizations make sense of complex, hard-to-use data, raised $5.5M in Seed funding
ThruFlo Endovascular, Inc., a neuro-endovascular medical device company, raised an undisclosed amount in Seed funding
CRYPTO
BULLISH BITES
🤬 Massive effigy of Musk appears in Times Square in SpaceX IPO protest.
💼 Gen Z’s latest career flex: A boardroom seat.
✝ Rent is so high, New Yorkers are living with nuns.
🍿 The first trailer for the sequel to The Social Network just dropped.
DAILY SHARES
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