Sources: Reuters, Yahoo Finance, Seeking Alpha, InvestingLive, TheStreet, X/Twitter — verified live
🚀 1. SpaceX SPCX IPO — Pricing Tonight After Market Close
SpaceX is set to price its historic $75 billion IPO on Nasdaq under ticker SPCX after market close today. The deal is 2x oversubscribed at $150B in demand, with pricing expected at $135/share at a $1.75 trillion valuation — the largest IPO in history. Retail subscription windows close today; tokenized SPCX shares go live on Bybit tomorrow (June 12). Alphabet (Google) will book a major accounting windfall as SpaceX’s valuation surges — a notable side-effect confirmed by Seeking Alpha. S&P Dow Jones Indices confirmed SpaceX will NOT be eligible for the S&P 500 for at least 12 months post-listing, requiring IPOs to trade one year before consideration.
💣 2. Iran Fires Fresh Missiles — Jordan, Kuwait, Bahrain Targeted
Iran fired fresh ballistic missiles targeting US military facilities in Jordan, Kuwait, and Bahrain overnight, per InvestingLive’s Asia-Pacific wrap. The US military announced it had completed its “latest strikes on Iran” on June 11, raising brief hopes of peace negotiations. However, Iran said it would stand firm. Brent crude rose to $93.50/barrel (+0.43%) as the Strait of Hormuz vessel traffic remains at risk. US Energy Secretary Wright noted oil exports through the Strait are “rising despite ongoing disruptions.” EIA data showed US crude inventories fell by 7.228 million barrels last week — seventh consecutive weekly decline, beating expectations of a 4M barrel draw.
🥇 3. Gold at $4,082 — Down from $5,602 ATH but Holding
Gold trades at $4,082/oz (+0.27%) on June 11 — off the January 28 all-time high of $5,602. The decline of 13.4% over the past month is driven by a stronger US dollar and reduced safe-haven demand as US-Iran conflict shows signs of de-escalating. Georgia’s central bank bought $100M more gold as global reserve demand surges. GLD (Gold ETF) is up 7 consecutive sessions. Despite the pullback, gold is still +20.58% year-over-year, comfortably outperforming both equities and Bitcoin on a 12-month basis.
📈 4. Medline IPO Surges 28% on Debut — 10x Oversubscribed
Medical supplies giant Medline (MDLN) surged 28–31% on its first day of trading after its $6.26 billion IPO was 10x oversubscribed. The listing marks the second major IPO event this week after SpaceX, signalling a reopening of the IPO market after months of subdued activity. Seeking Alpha reports the IPO market is “expected to accelerate” on the back of Medline’s strong debut — potentially good news for other companies in the pipeline.
🤖 5. OpenAI Weighs Major Price Cuts Before IPO Push
The Wall Street Journal reports OpenAI is considering significant price reductions across its API and consumer products to compete with Anthropic ahead of its own anticipated IPO push. PBOC set USD/CNY at 6.8150 in today’s session. The AI pricing war is accelerating as capital flows into the sector: SpaceX’s xAI integration, Nvidia’s new PC chip (+6% on Monday), and Dell’s $120M acquisition of AI-data startup Dataloop all underline the theme.
🇮🇳 6. Indian Markets — Bank Nifty Outperforms, Gift Nifty Soft
- Nifty 50: 23,214 (-0.12%) | Gift Nifty at 23,140 — signals soft June 11 open
- Bank Nifty: 55,401 (+0.55%) — outperforming broader market; H: 55,494 / L: 54,753
- India VIX: 15.52 (-0.70%) — easing from 15.63, a positive signal for bulls
- FII June 11: −₹2,125 Cr selling | DII: +₹3,124 Cr buying — DIIs absorbing outflows
- Sensex YTD: -12.9% — worst major index performance globally in 2026, per BBNTIMES
- Airtel win: Bombay HC quashes DoT spectrum demand worth ₹8,414 Cr — bullish for Airtel
- Tata Motors PV: +14.9% over past month, outperforming Nifty 50 by 11.1 percentage points
🔥 7. More Market-Moving Headlines Today
- Goldman Sachs lifts S&P 500 2026 target to 8,000 (EPS ~$340); UBS sets 7,900 — both above current 7,266
- Super Micro (SMCI) -27.98% after announcing plans to raise $7B through equity offerings — massive dilution
- Lululemon (LULU) -11% after cutting full-year earnings and revenue guidance on macro headwinds
- ServiceTitan +13% after raising full-year guidance; adjusted operating income $142M–$147M
- Dell acquires AI-data startup Dataloop for $120M — DELL -4.31% (market disappointed by price)
- CME Group launches XRP and SOL spot-quoted futures — expanding institutional crypto access
- Texas Stock Exchange (TXSE) raises capital to $270M, Goldman & BofA lead — threatening NYSE/Nasdaq
- Zillow (Z) tanks on Google real estate listing threat; Doximity (DOCS) +3.60% on MS upgrade
- Procter & Gamble (PG) +1.89% — 7 consecutive up sessions; defensives outperforming
- World Cup 2026 begins today (June 11) in the US — economists note it may have boosted May payrolls by ~90,000 jobs
⚠ Disclaimer: Financial news bulletin for informational purposes only. Not investment advice. Consult a SEBI-registered advisor before trading.
🕐 Published: June 11, 2026 | EarnFree.in Market Desk
