U.S. stock futures rose as further details on a memorandum of understanding between the U.S. and Iran lifted sentiment.
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Warsh’s first post-decision press conference, SpaceX valuation tops Amazon, GM, Lockheed Martin collaborate on weapons, and more news to start your day.
June is an exciting month for the markets. Here's what could happen.
AST SpaceMobile stock was gaining after SpaceX said Wednesday that it had deployed three of the company's BlueBird satellites into orbit.
Does AI hype have Wall Street ignoring inflation? Trader Talk host Kenny Polcari discusses the growing concerns with NYSE Senior Market Strategist Michael Reinking, and Tuttle Capital Management CEO & CIO, Matthew Tuttle

<body><p>STORY: From Binance's EU license bid to SpaceX's pre-IPO perpetual futures... This is Crypto Weekly.</p><p>:: Crypto Weekly</p><p>:: Binance's EU license bid</p><p>Binance, the world's largest crypto exchange, is reportedly set to lose permission to offer services to EU clients within weeks...</p><p>as its application for a license is about to be turned down.</p><p>That was according to two people familiar with the matter who spoke to Reuters.</p><p>Under new EU rules, crypto companies have until the end of June to obtain a license to allow them to continue operating across the bloc.</p><p>The sources said Binance's application, which was made to Greece's market regulator, is set to be rejected.</p><p>A Binance spokesperson said it has been pursuing a license and has worked constructively with regulators.</p><p>And believes it has met the relevant requirements to be authorized.</p><p>:: Kremlin shrugs off EU sanctions</p><p> The Kremlin shrugged off the prospect of new EU sanctions against its banks.</p><p>It said they had already been operating under sanctions for a long time...</p><p>and this had not stopped them from making a profit.</p><p>The EU has proposed a new package of sanctions against Russia for its war in Ukraine...</p><p>heavily targeting the country's banks and crypto networks in an effort to weaken its financial system.</p><p>:: Crypto exchanges cash in on SpaceX frenzy</p><p>Before SpaceX went public, crypto exchanges were giving traders a way to make risky bets on the company's future share price.</p><p>Billions of dollars have flowed into instruments dubbed "pre-IPO perpetual futures".</p><p>They have no direct link to the underlying shares...</p><p>but are priced with reference to SpaceX's latest disclosed pre-IPO valuation.</p><p>These types of derivatives, known as "perps," are already used to bet on crypto price moves.</p><p>They roll over indefinitely and allow investors to borrow in order to make bigger bets.</p></body>
An early high-water price target would see Elon Musk's artificial intelligence (AI) and space infrastructure conglomerate gain 41% from its June 12 close.
SpaceX aims to enhance its enterprise AI offerings through the planned acquisition of Cursor.
Elon Musk has outlined a vision in which large groups of Tesla’s humanoid robots could eventually function as self-replicating machines in space.
Answering these three questions can help provide investing clarity.
SpaceX stock is priced assuming everything will go perfectly. That rarely happens.
Market commentator The Kobeissi Letter highlighted on Tuesday a record surge in tokenized stocks on Solana (CRYPTO: SOL), led by strong demand following Space Exploration Technologies Corp. (NASDAQ:SPCX)‘s blockbuster IPO. SpaceX Accelerates Tokenization Push Kobeissi Letter drew attention to $4.3 billion in on-chain volume of tokenized stocks over the last 30 days, citing data from asset tokenization analytics platform rwa.xyz. This marked the highest monthly volume ever, and a 140% year-to-dat
SpaceX’s $75 billion initial public offering shattered market records, turned founder Elon Musk into the world’s first trillionaire, and opened fresh debates over corporate valuations and governance. It’s not the first time an IPO has shaken things up. IPOs have been reshaping markets since the Bank of North America’s 1783 debut got it all started for the young republic.
CZ praised Hyperliquid, then flagged no KYC and said he assumes they have good lawyers. He went to prison for exactly that.
Jason Calacanis said Cursor could become the No. 1 or No. 2 AI coding agent within a year thanks to SpaceX's compute advantage.
Elon Musk's net worth hit $1.4 trillion, surpassing the entire Bitcoin market cap after the historic SpaceX (SPCX) rally.
The “Big Short” investor passed on a "tempting" bearish SPCX put trade, saying he'd rather see the stock settle in the mid-$200s than bet against it.
Shares of earth imaging satellite company Planet Labs (NYSE:PL) fell 8.2% in the afternoon session after the much-hyped Initial Public Offering (IPO) of competitor SpaceX likely prompted investors to reallocate funds.
Morgan Stanley (NYSE:MS) is refocusing its long-term growth strategy around wealth management, with a goal of reaching $10 trillion in client assets. The firm is positioning itself to capture potential sizeable assets tied to an anticipated SpaceX IPO, which could influence its future revenue mix. Morgan Stanley is putting wealth management at the center of its future, at a time when the stock is trading around $220.83 after gaining 5% over the past week and 14.7% over the past month. Over...
Buying AI coding agent Cursor in a $60 billion deal and renting out data-center capacity gives the company a launchpad to land more enterprise customers.
Morningstar cut its fair value estimate to $62 from $63 after the Cursor acquisition, implying a 69% downside from current levels.
SpaceX stock has been red hot following its IPO last week.
While SpaceX continues its stellar post-IPO debut performance, investors should also keep another IPO on their radar.
By Suzanne McGee June 16 (Reuters) - Just days after SpaceX wrapped up its record $75 billion initial public stock offering and ignited another burst of enthusiasm among traders for all things AI, two

<body><p>STORY: Wall Street's main indexes ended mixed on Tuesday, with the Dow gaining just under two-thirds of a percent to notch its second straight record-high close... while the S&P 500 shed more than half a percent and the Nasdaq dropped more than one percent.</p><p>Shares of Elon Musk's SpaceX ended nearly 5% higher, paring earlier gains. For much of the session, the rocket and AI company's value was above that of Amazon, and it briefly surpassed Microsoft's valuation, as retail investors continued to pour into the stock after its record-breaking IPO.</p><p>But Amol Dhargalkar, chairman and managing partner at Chatham Financial, warned of several risks that could trigger volatility for SpaceX and other AI-related stocks.</p><p>"I think that's a really difficult position to be in as a retail investor, especially when you consider the fact that there is a lot of risk, not just in the business model, but these are names where the cash flows are likely far into the future. And we are not in a period of 0% or negative interest rates or even declining interest rates at this point. </p><p>There's a lot of question as to whether interest rates will continue to be flat or will they go up. And that can certainly be a meaningful drag on valuations of high growth companies, especially where that growth is out far into the future."</p><p>Investors will look for clues on where interest rates are headed when the Federal Reserve concludes its latest two-day policy meeting on Wednesday, with Kevin Warsh holding his first press conference as Fed chair.</p><p>Other stocks on the move included shares of Olin, which sank nearly 6% after the chemical producer said it would acquire Huntsman in an all-stock deal valued at more than $2.4 billion. Huntsman shares also fell as the offer stood at a discount to the stock's recent price.</p><p>:: Yum Brands</p><p>And shares of Yum Brands rose after the fast-food company said it would sell its Pizza Hut chain for $2.7 billion, against a backdrop of softer consumer spending across the fast-food industry.</p></body>