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Friday's market rout erased $1.4 trillion in S&P 500 value, tightening the pricing window for SpaceX's $1.75 trillion IPO on June 12.
Morningstar prices SpaceX 55% above intrinsic value, while a $4.3 billion Q1 loss makes the IPO a bet on flawless future execution.
With 78% of proceeds already committed and expected index inclusion forcing passive inflows, supply scarcity could override valuation concerns at launch.
It sounds nuts, but SoFi is giving new active invest users up to $1,000 in stock for a limited time, and all it takes is a $50 deposit to get started.See for yourself(Sponsor) SpaceX’s long-awaited IPO is coming on June 12, but is sitting at the center of one of the most aggressive valuation debates in recent market history.
At a projected $1.75 trillion valuation, the offering is being priced not just as a capital markets debut, but as a forward claim on decades of satellite broadband revenue, reusable rocket economics, and near-monopoly positioning in commercial space infrastructure.
That backdrop would already be challenging in a calm market.
It became more complicated after Friday’s market rout, when the stock market tumbled as investors reacted to a red-hot jobs report that increased the likelihood interest rates will begin rising sooner than expected.
The S&P 500 erased an estimated $1.4 trillion in market value as high-multiple technology and AI-linked stocks led the decline, with traders quickly reassessing how much future growth is worth when discount rates are no longer expected to fall.
That backdrop matters more than usual because it sets the tone for SpaceX's looming IPO, one of the most closely watched listings in years.
Friday's selloff was not about collapsing earnings -- it was about overextended valuations after a remarkable bull market rally and the sustainability of AI's demand curve.
As interest rates may soon begin shifting upward, a market that rallied 20% in two months suddenly appears risky.
Because semiconductor and AI infrastructure stocks were at the forefront of that rapid melt up, they were among the stocks hit hardest by the decline.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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