S&P 7,600, SpaceX on deck

From the Associated Press (AP),

Wall Street inches to more records thanks to booming AI stocks.

Indeed, the S&P 500 index closed at an all-time record high above 7,609, after hitting a new all-time intraday high above 7,620. The index is up almost 11 percent for year-to-date 2026.

SpaceX is on the verge of joining the party. The Wall Street Journal (WSJ) reports,

SpaceX eyeing roughly $1.75 trillion valuation in IPO next week.

From the Journal,

SpaceX is expected to settle on a price for its shares next Thursday and open for trading on the Nasdaq stock exchange under the ticker "SPCX" next Friday, June 12.

That's trillion, with a "t." SpaceX would not be eligible to join the S&P index right away, but at that valuation, it would represent one of the 10 biggest companies by market capitalization.