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Time:2026-06-11T13:42:52Z

SpaceX's record-breaking IPO dominates markets as Elizabeth Warren seeks to delay the offering. US inflation surged past 4% for the first time in three years, driven by an Iran oil shock pushing gasoline prices higher. Hong Kong and Indonesia advance direct yuan-rupiah transactions as China deepens regional trade ties. Stock futures point higher on hopes of a bounce, though Big Tech is flagged as an obstacle to new market highs.

Elizabeth Warren seeks delay of SpaceX's record-breaking IPO

Elizabeth Warren seeks delay of SpaceX's record-breaking IPOSenator Elizabeth Warren has called for a delay of SpaceX's highly anticipated IPO, raising regulatory and governance concerns. The offering, which follows SpaceX's merger with xAI, is expected to be one of the largest in history. Investors are closely watching as SpaceX prepares to go public alongside other major AI-driven IPOs planned for this year. The stock is drawing intense interest from retail and institutional investors alike.

Sources:
Elizabeth Warren Seeks Delay Of Blockbuster SpaceX IPO (Live Updates) (Forbes)
U.S. stocks open higher, as investors hope for a bounce ahead of SpaceX IPO (MarketWatch)
Want to ‘flip’ SpaceX’s stock on the day of the IPO? Be prepared to pay the price. (MarketWatch)
China's AI companies dig in as SpaceX, US rivals ready IPO bonanza (Nikkei Asia)
SpaceX is poised for blastoff with an IPO likely to break records (NPR)

SpaceX aims to raise $75 billion in landmark Wall Street debut

SpaceX aims to raise $75 billion in landmark Wall Street debutSpaceX is set to raise approximately $75 billion in its initial public offering, marking one of the largest IPOs in market history. The company, recently merged with Elon Musk's xAI, is drawing comparisons to Tesla's landmark 2010 listing. Questions remain about who can buy shares and what valuation the market will assign. This IPO is the first of three mega-listings expected from AI-focused companies this year.

Sources:
Elon Musk’s SpaceX is about to make its debut on Wall Street (AP News)
Who can buy shares in Elon Musk's SpaceX? (BBC)
June 11, 2026 •Elon Musk's rocket company, recently merged with xAI, is aiming to raise $75 billion in its initial public stock offering. It's the first of a trio of mega-IPOs from AI companies expected this year. (NPR)
How Tesla’s Stock Listing in 2010 Enabled SpaceX’s I.P.O. (NYT)

Premarket movers: Oracle and Intel lead Thursday's analyst calls

Premarket movers: Oracle and Intel lead Thursday's analyst callsOracle, Intel, Applied Materials, and Alcoa are among stocks making the biggest premarket moves on Thursday. Analyst calls are also focused on SpaceX, Nvidia, Tesla, Micron, Meta, and AMD. One top strategist warns that Big Tech has become an obstacle to new stock-market highs. Markets are looking for direction amid the sector rotation away from mega-cap tech names.

Sources:
Stocks making the biggest moves premarket: Oracle, Intel, Applied Materials, Alcoa and more (CNBC)
Here are Thursday's biggest analyst calls: SpaceX, Nvidia, Tesla, Intel, Micron, Oracle, Meta, AMD &... (CNBC)
Big Tech is now an obstacle to new stock-market highs, says top strategist (MarketWatch)

Hong Kong and Indonesia advance direct yuan-rupiah transactions

Hong Kong and Indonesia advance direct yuan-rupiah transactionsHong Kong and Indonesia are moving towards direct transactions between the yuan and the Indonesian rupiah, furthering de-dollarization efforts in Asia. China's continued opening-up is seen as injecting new impetus into Sino-Thai trade. Meanwhile, Japanese businesses in China are seeking greater transparency in dual-use export controls. These developments signal deepening regional economic integration.

Sources:
Hong Kong, Indonesia move towards direct transactions in yuan, rupiah (SCMP)
Opening-up seen injecting impetus to Sino-Thai trade (China Daily)
Japan businesses in China seek transparency in dual-use export controls (Nikkei Asia)

US inflation tops 4% for first time in three years on oil surge

US inflation tops 4% for first time in three years on oil surgeUS inflation has surged above 4% for the first time in over three years, driven by a sharp increase in gasoline prices linked to the Iran oil shock. Wholesale inflation also rose sharply last month, indicating persistent cost pressures on businesses. US households are feeling the pinch from higher energy prices across the board. The inflation spike comes as the US and Israel continue military operations against Iran.

Sources:
US wholesale inflation rose sharply last month as Iran oil shock continues to drive up business costs (CNN)
US inflation tops 4% for first time in three years as oil prices jump (CNN)
US households, businesses stung by higher energy prices that have pushed inflation above 4% (AP News)
Inflation tops 4% for the first time in 3 years on spike in gasoline prices (NPR)
June 10, 2026 •Inflation has surged to its highest level in more than three years since the U.S. and Israel launched their war on Iran, triggering a surge in gasoline prices. (NPR)