Market Overview SpaceX Leads Inflation Returns

The week was marked by escalating geopolitical tensions amid expectations of a deal between Iran and the United States regarding the Strait of Hormuz, leading to a decline in oil prices to their lowest level since March. Global economic data, particularly from the United States, showed inflation indicators surpassing expectations, with producer price inflation rising to 6.5% and core consumer inflation dropping to 2.8%. Simultaneously, the week witnessed a historic event with the launch of SpaceX’s IPO, which raised $75 billion and valued the company at $1.8 trillion. This unprecedented wave of wealth transformed Elon Musk into the first individual to surpass a net worth of one trillion dollars.

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