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🚀 TOP STORY: SpaceX IPO Prices TONIGHT — Largest in Wall Street History

Today — June 11, 2026 — marks one of the most significant events in financial market history. SpaceX is expected to price its IPO after market close today, with shares beginning to trade on Nasdaq under ticker SPCX on June 12. The deal targets $75 billion in proceeds at a $1.75 trillion valuation — surpassing Saudi Aramco’s 2019 listing as the largest IPO ever recorded.

The offering, internally codenamed “Project Apex,” has drawn investor interest of roughly $150 billion — double the original $75B target — during its roadshow. SpaceX also holds 8,285 Bitcoin on its balance sheet, giving public investors direct crypto exposure on day one. Google has reportedly committed an $11 billion strategic investment just ahead of pricing. The company’s February 2026 merger with Elon Musk’s xAI (Grok AI) adds an artificial intelligence layer to the investment thesis. A dedicated retail investor event for 1,500 individuals is being hosted today, with participation open across the US, UK, EU, Australia, Canada, Japan, and South Korea.

₿ CRYPTO MARKETS: Bitcoin Bounces Post-CPI — But Macro Ceiling Remains

Bitcoin has recovered to approximately ~$62,000 after bouncing from the $60,000 support zone following today’s US CPI release. The rebound of +2.28% came after May inflation printed at 2.9% YoY — slightly softer than feared — triggering short-covering and dip-buying. However, analysts caution this is a relief bounce, not a trend reversal.

📌 Key Crypto Developments Today

• Strategy (MSTR) sells $2.5M BTC — first disposal since 2022, breaking its “never sell” pledge. Michael Saylor hints accumulation may resume.
• Bitcoin Spot ETF outflows: 13-day outflow streak erased $4.4B — pushing year-to-date flows negative for the first time. Total ETF AUM = $77.58B, same as post-Trump election levels (Nov 2024).
• CME Group expands crypto derivatives with new XRP and SOL spot-quoted futures — institutional demand signal despite bear market.
• Japan stablecoin push: MUFG, SMBC, and Mizuho — Japan’s three largest banks — form a council to jointly issue stablecoins by March 2027.
• Charles Schwab launches 24/7 cryptocurrency futures trading for retail investors.
• Bybit tokenized SpaceX shares go live on spot market June 12 — crypto markets offering day-one exposure to SPCX.
• Sam Bankman-Fried (FTX, 25-year sentence) seeks a presidential pardon from Trump.
• Fear & Greed Index: 8 — extreme fear, a level hit only 3 times since 2018. Historically a contrarian buy zone.

📊 MACRO & STOCK MARKET: CPI Out, Fed Decision June 17

The May 2026 US CPI was released today. Core CPI came in at +0.3% MoM and +2.9% YoY — slightly easing from last month’s 3.8% print. While still above the Fed’s 2% target, the softer-than-feared data briefly improved market sentiment. The CME FedWatch tool now shows a 96.2% probability the Fed holds rates at 3.50%–3.75% at the June 17 FOMC meeting.

🗞️ Top Stock Market Headlines (Live — June 11)

• Wall Street slides as investors eye a busy week of economic data and the June 17 Fed meeting.
• Texas Stock Exchange (TXSE) raises capital to $270M in a new round led by Goldman Sachs and Bank of America — threatening NYSE/Nasdaq duopoly.
• Zillow (Z) tanks after report that Google is testing real estate sale listings — direct competitive threat to Zillow’s core business model.
• Doximity (DOCS) upgraded at Morgan Stanley (+3.60%) on expanding market for healthcare professional platforms.
• J&J (JNJ) Tecvayli/Darzalex combo receives FDA national priority review voucher (+1.21%).
• Trane Technologies (TT) upgraded at KeyBanc after pullback — one of the top HVAC plays for 2026 (+1.18%).
• Pantheon Macro flags modest 2026 upside, warns the US economy still lacks momentum despite CPI relief.
• HoldCo Asset pushes Comerica shareholders to vote down the Fifth Third Bancorp deal — M&A drama in banking sector.

🇮🇳 Indian Markets Snapshot

Global risk sentiment after the US CPI print will be a major driver for Indian indices today. FII flows will remain in focus — global outflows from risk assets (including BTC ETFs and US equities) can translate into FII selling pressure in Indian markets. Watch Nifty 50 and Bank Nifty for reaction to global cues. The SpaceX IPO’s massive capital absorption could temporarily reduce liquidity available for emerging market flows including India.

• Nifty 50 & Sensex: Watch for global cues from US CPI and SpaceX IPO pricing reaction overnight
• Bank Nifty: Global banking sector moves (Comerica M&A, Texas Stock Exchange) add to sector sentiment
• Crypto impact on Indian exchanges: BTC bounce to $62K is a positive signal for WazirX, CoinDCX volumes
• IT sector: SpaceX-xAI merger and Google’s $11B SpaceX bet highlight ongoing AI investment theme — positive for Infosys, TCS

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