Good morning.
The Fast Five → SpaceX sets $135 price for blockbuster IPO, historic stock rally faces key test, Broadcom sinks on AI chip outlook, Meta enters enterprise AI race, and Dalio sees AI bubble bursting as wealth is converted into money…
📌 Elon’s big June 12 announcement — Once Wall Street connects the dots, this opportunity could be gone →
(from Weiss Ratings)
Calendar: Full Calendar »
Today:
Unemployment Claims, 8:30A
Tomorrow:
Average Hourly Earnings m/m, 8:30A
Non-Farm Employment Change, 8:30A
Unemployment Rate, 8:30A
Your 5-minute briefing for Thursday, June 4:
BEFORE THE OPEN
As of market close 6/3/2026.
Pre-Market:
Market Wrap:
Futures lower S&P -0.5%, Nasdaq -0.7%, Dow flat
S&P -0.74%, Nasdaq -0.89%, Dow -621
Broadcom -13% and CrowdStrike -10% after earnings
Rising oil prices and yields pressured stocks
US-Iran tensions escalated after new attacks
Markets may be due for a pause after strong gains
Today: Jobless claims and productivity data due
EARNINGS
Here’s what we’re watching this week:
Today: Lululemon $LULU ( ▼ 0.35% )
How to Tap Into SpaceX IPO —
Without Buying a Single Share
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Without buying a single share?
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HEADLINES
Elon Musk’s rocket, space and AI company targets a historic debut that could clear a path for more mega-listings.
Billionaire investor Ray Dalio said the booming artificial-intelligence market shows signs of a bubble that will eventually burst.
Wall Street ends lower as Middle East tensions escalate (more)
Historic stock rally faces key test (more)
After remarkable comeback, software stocks face test (more)
Fed's Beige Book shows evidence of widening K-shaped economy (more)
Sellers pulling homes off the market at the fastest pace since 2020 (more)
Europe wants to be less reliant on American tech (more)
Oil falls as Israel, Lebanon agree to conditional ceasefire (more)
Broadcom sinks as AI chip outlook disappoints investors (more)
Anthropic picks Morgan Stanley, Goldman Sachs to lead IPO (more)
JPMorgan's Dimon to pitch SpaceX IPO to wealthy clients (more)
Meta enters enterprise AI race with new business agent (more)
Tesla rolls out unsupervised robotaxis in Austin (more)
Blackstone-backed Liftoff Mobile raises $437M in IPO (more)
Uber lays off 23% of HR and workplace staff (more)
DEALFLOW
M+A | Investments
Nestle buys out Yfood founders in new CEO’s first purchase
Sitecore said to acquire Scrunch for $225M
KNAV receives follow-on investment from NKSquared
Dockwa receives strategic growth investment from PSG
AxisCare receives strategic investment from LLR Partners
SewerAI receives strategic investment
VC
Impulse Space, a developer of in-space mobility vehicles and orbital infrastructure, raised $500M in Series D funding
NewLimit, a developer of cell reprogramming and epigenetic longevity medicines, raised $435M in Series C funding
Cyera, an AI data storage security company, raised $300M in additional funding
Coralogix, a data and AI platform for observability, raised $200M in Series F funding
ZutaCore, a developer of waterless, two-phase liquid cooling solutions for AI computing workloads, raised $100M in Series C funding
Contraline, Inc., a biopharmaceutical company developing novel male contraceptives, raised $92.5M in Series B funding
BibliU, an integrated academic and campus store solutions provider, raised $55M in new funding
Forage, a financial infrastructure platform provider, raised a $40M in Series B funding
Oak Hill Bio, a clinical-stage rare disease therapeutics company, raised $32.5M Series A financing
Terra AI, an AI platform provider helping mineral and energy development, raised $20M in Series A funding
Arpio, an AI-native recovery and resilience platform for cloud environments, raised $15M in Series A funding
Westmag, a manufacturer of drone motors and robot actuators, raised $11M in Seed funding
701x, an agricultural technology company, raised $10M+ in Series B funding
Phosio, a high refractive index metal oxides, raised $4M in Seed funding
Radley Health, a developer of a peer-supported behavioral healthcare services platform, raised $3M in Seed funding
HLRBO, a marketplace connecting landowners with hunters seeking private-land access, raises $2.5M in funding
CRYPTO
BULLISH BITES
🎯 Elon Musk laid out 602 goals. We counted how many he hit.
🤖 America’s data-center build-out is falling way behind schedule.
🎬 Scorsese becomes the latest — and most unlikely — Hollywood voice for AI.
🍔 How Yum! predicts its next menu hit.
DAILY SHARES
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