SpaceX enters Nasdaq 100, setting up $4.3 billion in fund buying
What's new: Wall Street banks began coverage as the quiet period ended, while options traders stayed heavily tilted toward calls.
Bloomberg, CNBC +1
Subject
#Morgan Stanley
Fed stress test found 32 big US banks could absorb $708 billion
What's next: The results will not change bank capital buffers until 2027 as regulators rework the stress-test model.
The Business Times (Singapore), CNBC
JPMorgan launches $50 billion buyback after Fed bank stress test
What's new: Goldman, Wells Fargo and Morgan Stanley also lifted payouts after all 32 large banks cleared the Fed review.
Bloomberg, CNBC
SpaceX starts first investment-grade bond sale targeting $20 billion
Why it matters: The deal would refinance a bridge loan that makes up most of SpaceX's $29.1 billion in long-term debt.
Bloomberg, The Business Times (Singapore) +2
Sony returns to US bond market with 5- and 10-year dollar sale
What's new: Sony has not sold dollar bonds since 1998 and plans to use the proceeds for general corporate purposes.
NSE IPO could value India’s top bourse at about $57 billion
What's new: The draft filing is a 6% share sale by existing holders, setting up roughly $2.6 billion in gains for top investors.
Brent drops below $79 as US-Iran pact points to faster oil supply
What's new: Goldman now expects Persian Gulf exports to return to prewar levels by late July, a month earlier than before.
Nvidia sells $25 billion in bonds in its biggest debt deal yet
What's new: The chipmaker marketed seven maturities from 2 to 30 years, and early trading stayed near the sale price.
Bloomberg, CNBC
Oil steadies near $83 as traders weigh US-Iran truce details
What's next: tanker traffic through the Strait of Hormuz may take weeks to recover, with some analysts seeing only half of output back by September.
Nvidia seeks at least $20 billion in its first bond sale since 2021
What's new: The chipmaker is marketing seven tranches from two to 30 years, with proceeds set for refinancing and other corporate needs.
Musk targets $1 trillion in SpaceX revenue by 2030
What's new: The forecast far exceeds Wall Street estimates of roughly $330 billion to $470 billion for 2030.
Singapore’s chip exports surged as AI demand widened its lead in semiconductors
What’s new: Chips made up S$1.7 billion of Singapore’s S$3.1 billion electronics exports in March, while non-electronics exports fell 3.5% in Q1.
SpaceX IPO tops 4x demand, pulls in more than $70 billion from retail
What's next: The $75 billion deal is set to price June 11 and start trading June 12, with retail investors expected to get at least 20% of shares.
Bloomberg, The New York Times +1
Banks raise costs on leveraged SK Hynix, Samsung stock bets
What's new: Some swap financing jumped to nearly 15%, up from roughly 4.6% to 5.6% above benchmark rates in early May.
SpaceX IPO drew $10 billion in orders ahead of June 12 debut
What's next: The $75 billion offering is due to price June 11, with retail investors eligible for as much as 30% of the deal.
Bloomberg, The Business Times (Singapore)
OpenAI files confidentially for IPO at $852 billion valuation
What's next: The filing gives OpenAI the option to list as soon as the fourth quarter, while also planning a tender offer for employee shares.
Bloomberg, BBC News (US & Canada) +4
Banks tap SpaceX IPO to court ultrawealthy clients in New York
Why it matters: The offering could generate more than $500 million in fees while deepening private-bank ties as wealth competition intensifies.
Tencent targets $4 billion in US dollar, offshore yuan bond sale
What's new: The company is marketing 10- and 20-year dollar notes and 10- and 30-year offshore yuan debt under its $30 billion note program.
SpaceX bars China, Hong Kong investors from $75 billion IPO
Why it matters: The restriction reflects US export-control concerns around sensitive technology and narrows a major source of demand.
SpaceX bars China, Hong Kong orders from $75 billion IPO
What's new: banks were told not to market the deal to investors in ITAR-restricted jurisdictions, including Russia, Lebanon, Cyprus and Syria.