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China PPI Rose 3.9% in May

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China PPI Rose 3.9% in May

China's May CPI Rose 1.2 Percent

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China's May CPI Rose 1.2 Percent

Saudi Foreign Minister Meets Austria and Trinidad

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Saudi Foreign Minister Meets Austria and Trinidad

Russia Tests NATO in Baltic Sea

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Russia Tests NATO in Baltic Sea

Hamas discusses Gaza agreement terms

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Hamas discusses Gaza agreement terms
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Bloomberg: High demand for SpaceX IPO

Bloomberg: High demand for SpaceX IPO

Bloomberg reported that SpaceX's initial public offering is experiencing a record-breaking demand, with requests for shares approaching historic levels. The subscription period is expected to close on Wednesday, with share pricing to be announced on June 11 and trading to begin the following day. The offering includes 555.6 million shares priced at $135 each, boosting the total proceeds to approximately $75 billion and valuing the company at around $1.8 trillion. The company is reserving up to 30% of the shares for individual investors. This is one of the largest IPOs ever, surpassing Aramco's offering in 2019.

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