Traders weigh bubble concerns as SpaceX eyes a record $1.8 trillion public offering despite fading earnings catalysts.
SpaceX is reportedly considering an initial public offering valuing the company at $1.8 trillion, a move that has sparked debate among traders over potential market risks. The IPO would mark one of the largest in history, but analysts caution that fading earnings momentum and narrow leadership in AI, defense, and hardware sectors could limit upside.
Photonics stocks have surged 1000% on AI chip demand, with Nvidia seeking a 20x increase in supply for light-based technology. However, the rally’s sustainability hinges on continued AI capital expenditure and the performance of key players like Dell, which have driven recent gains.
Markets remain volatile as oil prices plunged 20% on Iran ceasefire hopes, while Asian equities rallied. Japan and South Korea’s stock markets hit record highs, reflecting optimism over geopolitical developments.