Houston, we have an IPO

SpaceX's upcoming Nasdaq listing anchors a historic theme for a week of markets as the rocket and satellite company eyes a June 12 debut that could propel it into the ranks of the most valuable U.S. firms. The IPO is targeting about $75 billion in proceeds and a valuation near $1.75 trillion, positioning SpaceX ahead of a wave of mega offerings anticipated in the months ahead, including confidential U.S. filings from OpenAI and Anthropic. The timing comes as investors weigh inflation dynamics ahead of the U.S. CPI release, which could influence appetite for riskier tech names. The broader backdrop includes ECB expectations for a 25-basis-point rate hike and a global economy watching the start of the 2026 World Cup co-hosted by Mexico, Canada and the United States, underscoring the macro mix facing markets.