8 June 2026Tech & AI
SpaceX files for record $80bn IPO as Apple preps AI unveil
Markets face their biggest event week of the year with SpaceX's history-making public debut and Apple's AI strategy reveal colliding. SpaceX targets June 12 trading under ticker "SPCX" with 555.6 million shares priced at $135 each, raising around $80 billion and valuing the company at $1.77 trillion. The IPO includes an unusually large 30 percent retail allocation worth $26 billion, with accelerated lock-up releases meaning 80-90 percent of private stock could trade freely by November. Meanwhile, Apple's WWDC runs June 8-12 with a promised "major AI overhaul" of Siri potentially driving the stock from Morgan Stanley's $330 target to $385. The confluence of a record IPO, crucial AI positioning, and US-China CPI prints creates maximum volatility potential just as tech leadership faces growing skepticism.
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