SHA:601111.SS 1 January 2026

June 11, 2026, 8:50 AM EDT. SpaceX's planned $1.77 trillion IPO, aiming to raise $75 billion at $135 per share, faces skepticism from analysts who value the stock at about half that price. The shares will start trading on NASDAQ under the ticker SPCX on June 12. Elon Musk's valuation claims, including a $1.6 trillion addressable market, are challenged by Morningstar, which estimates the market at $129 billion. The IPO's scale is unprecedented, with 23 banks involved, restricting independent pre-IPO research. Meanwhile, U.S. tech stocks, including Tesla, suffered declines amid inflation concerns, but futures indicate slight gains. Goldman Sachs remains optimistic on the S&P 500, projecting an 8,000 year-end level despite volatility. Oracle shares fell over 7% before the bell after announcing increased capital expenditures and new fundraising plans. U.S. inflation at 4.2% supports expectations for the Federal Reserve to pause rate hikes next week.