SpaceX Went Public Friday. The Numbers Are Historic.

Plus: Oracle fell 10% on a record quarter. Adobe dropped 8%. And the Fed meets Tuesday. ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  

June 15, 2026 Monday Market Pulse | June 15, 2026 SpaceX Went Public Friday. The Numbers Are Historic. By the Numbers • +19%. SpaceX (SPCX) gained 19% on its first trading day, closing at $160.95. It was priced at $135 and raised $75 billion in the largest IPO in history. • $2.1 trillion. SpaceX's opening-day market cap. The highest valuation of any company at the time of its public debut. Ever. • 4.2%. May inflation year-over-year, driven by energy prices. Core CPI held at 2.9%. The FOMC meets Tuesday and Wednesday under new Chair Kevin Warsh. • -10%. Oracle dropped 10% after posting record Q4 revenue of $19.2 billion, up 21%. Investors punished the aggressive capital spending plan announced on the call. • -8%. Adobe fell 8% despite a beat-and-raise quarter. The CFO announced a departure. AI annual recurring revenue guidance held flat. The Brief SpaceX priced Thursday night at $135. It opened Friday at $150 and closed at $160.95, a 19% first-day gain. That put the valuation at $2.1 trillion, the highest market cap of any company at IPO in history. Three businesses sit inside the ticker: Falcon 9 launches, which own roughly 90% of the global commercial launch market; Starlink, the satellite internet network and the only currently profitable division; and xAI, the Musk AI company that merged into SpaceX before the listing. Analysts project xAI accounts for 70% of business value by 2030. Meanwhile, Oracle posted record Q4 results. Revenue hit $19.2 billion, up 21%, and EPS rose 24%. Both beat estimates. The stock still fell 10% after management laid out a heavy capital spending roadmap. Adobe followed Thursday. It beat on revenue, raised guidance, and the CFO announced a departure the same night. Shares fell 8% Friday. May CPI printed at 4.2% year-over-year, highest in months, driven by energy. Core inflation held at 2.9%. The Fed meets this week. It is the first FOMC under new Chair Kevin Warsh, and the press conference matters more than the decision. Uncle Sam's new portfolio beat the S&P 500 26-to-1 Sponsored In less than nine months, the U.S. government built a stock portfolio that returned 278%. The S&P 500 returned just 10.9%. That's 26 times better. The government has already put over $10 billion into these picks. Read more. › Stock of the Week SpaceX (SPCX) SpaceX became the most valuable company ever to go public on Friday. SPCX closed its first day at $160.95 on a $135 IPO price, 19% higher in a single session. At $2.1 trillion, the market is paying for three things at once: the Falcon 9 launch monopoly with 90% global commercial market share, Starlink's satellite internet growth, and xAI. That last piece is the most speculative and potentially the most valuable. SpaceX is not cheap. It is also not a normal company. The discipline is sizing. You don't have to own the whole thing to get exposure to the story. Read the Full Analysis › You are receiving this e-mail at fromworksmart.jewelry@blogger.com, as part of your subscription to Money Morning. Manage Your Preferences by clicking here. No longer interested? Unsubscribe. © 2026 Money Morning. All Rights Reserved. Nothing in this email should be considered personalized financial advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We allow the editors of our publications to recommend securities that they own themselves. However, our policy prohibits editors from exiting a personal trade while the recommendation to subscribers is open. In no circumstance may an editor sell a security before our subscribers have a fair opportunity to exit. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. All other employees and agents must wait 24 hours after on-line publication prior to following an initial recommendation. Protected by copyright laws of the United States and international treaties. This Newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of: Agora Media, 14 West Mt Vernon Place, Baltimore, MD 21201. Money Morning is a First Light Financial, LLC publication. To contact us call 866-616-2166 or visit us online. Website  |  Privacy Policy  |  Terms & Conditions