Elon Musk has become the first person in modern history to exceed $1 trillion in personal net worth, reaching $1.11 trillion following SpaceX's record-breaking IPO. His wealth now surpasses the market cap of the global cryptocurrency sector excluding Bitcoin.
SpaceX's IPO on Friday saw massive trading volume and a closing price above $160, resulting in a market capitalization exceeding $2.1 trillion. Despite initial concerns about retail allocation, the stock opened at $150 and closed nearly 20% higher, with analysts discussing its potential to redefine mega-cap stocks.
SpaceX's stock surged 19% on its Nasdaq debut, surpassing $2 trillion in market capitalization and overtaking TSMC to become the world's 6th largest company. Despite not yet being profitable, the company saw significant trading volume, with investors eager to invest in Elon Musk's diverse business empire.
SpaceX made a historic Nasdaq debut, with shares surging 19% to surpass $2 trillion in valuation, making founder Elon Musk the world's first trillionaire. The company raised $75 billion, exceeding previous IPO records, as investor demand was fueled by Musk's ambitious plans for space exploration and AI.
XRP is trading at $1.11, down 17% from its June open and at a 2026 low, shedding $8 billion in market cap. Despite strong ETF inflows in May, Glassnode data indicates intense capitulation with holders booking significant losses. XRP Ledger fees have plummeted 91.5% due to collapsed organic transaction demand.
Kioxia Holdings became Japan's top company by market capitalization on June 12, surpassing Toyota. Driven by AI investment and high semiconductor demand, Kioxia's stock surged, reaching ¥81,200 and a market cap of ¥44.36 trillion.
SpaceX's historic IPO, alongside other major tech raises, is testing the stock market's capacity. While analysts suggest the market can absorb the capital, concerns remain about IPO volatility, retail investor risk, and potential demand fatigue.
Despite strong Solana ETF inflows and high network usage, SOL's price is falling due to a value-capture disconnect. Fee structures and macro pressures are cited as reasons, with proposed reforms aiming to address inflation and weak fee burns.
As of 3:45 PM, individual stock futures, based on the top 100 market cap stocks, show mixed performance. Samsung Electronics futures closed at 298,000 KRW, down 7,000 KRW, with significant trading volume. SK Hynix futures also saw a decrease. Other notable movements include LG Energy Solution futures up by 2,500 KRW and Hyundai Heavy Industries futures up by 16,000 KRW.
Zhipu (Knowledge Atlas Technology) surpasses MiniMax in market capitalization, attributed to stronger AI capabilities, looming share unlocks, and investor preference for enterprise-focused businesses.
SpaceX, OpenAI, and Anthropic, valued at nearly $4 trillion combined, are set to debut on public markets in late 2026. This unprecedented event tests the stock market's capacity, with SpaceX targeting a record $75 billion IPO. While initial index weights may be modest, concerns linger about justifying trillion-dollar valuations for unprofitable companies.
Zcash (ZEC) price drops over 30% after a critical vulnerability in its Orchard pool, potentially allowing unlimited counterfeit minting, was disclosed and patched with a hard fork on June 3, though concerns about prior exploitation remain.
SpaceX's upcoming IPO, set to begin June 12, is poised to become the largest ever, surpassing Saudi Aramco's $25.6 billion record. With a projected market cap of $1.765 trillion, SpaceX could outvalue Tesla, though a merger between the two Elon Musk companies is anticipated by 2027 as Musk aims to consolidate his AI ecosystem.
Data on individual stock futures, including closing prices, trading volume, and open interest for top 100 stocks by market capitalization as of 3:45 PM. Samsung Electronics, SK Hynix, and SK Square are among the listed futures.
SpaceX plans to set a fixed IPO price of $135 per share, valuing the company at $1.77 trillion. The offering aims to raise $75 billion, with an option for underwriters to buy more shares. The debut is scheduled for June 12 on the Nasdaq.
SpaceX is planning to set a fixed IPO price of $135 per share, valuing the company at $1.75 trillion. The offering size is expected to be $75 billion, making it the largest IPO ever. The company plans to debut on the Nasdaq under the ticker SPCX on June 12.
Kioxia Holdings' stock price surged past 80,000 yen on June 3rd, reaching a new all-time high and briefly surpassing Toyota in market capitalization. This surge is driven by the AI boom and increased demand for memory chips.
Toyota, Japan's largest company for over 20 years, is facing pressure on its market capitalization, recently losing its top spot to SoftBank Group and now seeing its second-place position threatened by Kioxia, driven by the AI investment surge.
Abivax shares dropped 43.6% after its ulcerative colitis drug, obefazimod, showed a cancer signal in trial data. While efficacy was met, the presence of cancer cases, particularly on the higher dose, has raised concerns and led to a downgrade by analysts, impacting potential takeover talks.
Abivax shares dropped 40% after reporting efficacy data for its ulcerative colitis drug, obefazimod, alongside cancer cases. Analysts cite the 'cancer signal' as a significant overhang, complicating potential takeover talks.
Abivax shares dropped 37% after reporting data on its ulcerative colitis drug, obefazimod. While the drug showed efficacy, the presence of cancer cases, particularly on the higher dose, raised concerns and led analysts to downgrade the stock, complicating potential takeover talks.
Kioxia Holdings' market capitalization surpassed 40 trillion yen on the Tokyo Stock Exchange, approaching Toyota Motor's valuation. The semiconductor memory giant, spun off from Toshiba, has seen its stock price soar over 50 times since its IPO, driven by strong AI demand and record profits.
Abivax shares dropped 32% after reporting new data for its ulcerative colitis drug, obefazimod. While the drug showed efficacy, the emergence of cancer cases in patients, particularly on the higher dose, has raised concerns and led to a stock downgrade, complicating potential takeover talks.
Samsung Electronics has entered the global top 10 by market capitalization, reaching $1.44 trillion. The company's value has surged over fivefold in just over a year due to high demand for AI chips, making it the second Asian company after TSMC to surpass a trillion dollars.
