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Markets & Finance Daily Brief · June 12, 2026 · preview

Mega IPO Hype Meets Economic Headwinds: SpaceX Valuation vs. Global Slowdowns

2 min read 7 sources Every claim cited

The markets are grappling with conflicting signals, as the potential $1.77 trillion valuation of SpaceX and mega-IPOs fuels investment bank optimism while global economies slow down. Meanwhile, declining oil prices amid Iran deal hopes and a contracting U.K. economy temper enthusiasm, adding pressure to gold despite inflation fears.

Markets

  • SpaceX is set for what will be the largest IPO on record, raising $75 billion by selling 555.6 million shares at a fixed price of $135 per share, which values the company at $1.77 trillion and positions it as the seventh most-valuable U.S. company ahead of Tesla [9, 11]. The IPO is poised to make Elon Musk potentially the world's first trillionaire, while analysts note that achieving a valuation above $2 trillion would place SpaceX in an exclusive club alongside Nvidia, Apple, Alphabet, Microsoft, and Amazon [35]. However, investors are cautioned that the company has recorded a net loss of $4.28 billion in the latest quarter and is burning cash across its multiple units, including Starlink and xAI [9, 11]. [9][11][35]

Commodities & Energy

  • Oil prices declined on Friday following reports that a potential deal could lift sanctions on Iran, with West Texas Intermediate and Brent crude falling [2]. The dip was fueled by statements from President Trump, who claimed the U.S. was close to an agreement with Iran and would call off strikes, suggesting such an accord might reopen the Strait of Hormuz [33]. Consequently, oil prices sank to a three-month low as investors reacted to hopes that energy supply shocks could ease [5]. [2][5][33]
  • Gold fell to a fresh six-month low on Thursday, with August gold futures touching $4,046.20 an ounce—its lowest level since November [36]. This decline occurred despite persistent inflation fears because growing concerns that higher rates may be necessary are pressuring the once-hot trade [36]. Specifically, traders are currently pricing in a 67% chance of a Fed rate hike by December, which makes dollar-denominated assets more attractive and causes gold to fall even as U.S. consumer inflation increased at its fastest pace in three years [36]. [36]
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Sources

  1. 2MarketWatch · 2026-06-12 — Oil prices fall as investors weigh reports of peace-deal progress between the U.S. and Iran
  2. 5Financial Times · 2026-06-12 — Oil sinks to three-month low after Trump says US close to Iran deal
  3. 9CNBC Markets · 2026-06-12 — SpaceX raising $75 billion in record-setting IPO as Nasdaq debut awaits
  4. 11CNBC · 2026-06-12 — Former Tesla board member says SpaceX needs to achieve 2 of its 3 moonshots to keep its valuation
  5. 33Financial Times · 2026-06-12 — Trump says US close to deal with Iran and calls off strikes
  6. 35CNBC Markets · 2026-06-11 — SpaceX to close above $2 trillion market cap on its debut, prediction market traders say
  7. 36CNBC Markets · 2026-06-11 — Gold slumps to 6-month low even as inflation fears rise. Here's why bullion is out of favor