Weekly Market Recap | June 08 – June 14

Analyst Highlights

• IPO Market: SpaceX’s IPO was the clear market event of the week, setting a record with a $75 billion raise and reinforcing investor appetite for frontier technology listings.
• Risk Sentiment: Risk sentiment improved after the U.S.-Iran interim deal, with crude prices falling, Treasuries rallying, and crypto assets gaining as Hormuz reopening hopes reduced geopolitical pressure.
• Equity Rotation: Small caps outperformed sharply, with the Russell 2000 rising 3.10%, while the Nasdaq Composite slipped 0.16%, showing rotation beneath the headline equity market.
• Rates Outlook: Central-bank expectations remained unsettled as Fed hike bets persisted despite softer core CPI, while the BOJ was expected to raise rates to the highest level since 1995.
• AI Capital Cycle: The AI capital cycle continued to expand, with OpenAI joining a $3.6 trillion IPO pipeline and Nvidia seeking at least $20 billion in new bond financing.
• Geopolitical Risk: Politics remained market-relevant, led by the U.S.-Iran deal, Europe’s Hormuz security planning, Russia’s strike on Kyiv, and rising China-Taiwan maritime pressure.

IPO’s in the week

• SpaceX (SPCX, Nasdaq) — priced its IPO on June 12, 2026, offering 555,555,555 shares at $135.00 per share. Shares traded higher after pricing, rising 19.22%.
• Forbright (FRBT, Nasdaq) — priced its IPO on June 11, 2026, offering 7,900,000 shares at $18.00 per share. Shares traded slightly lower after pricing, falling 0.55%.
• ERock (EROC, NYSE) — priced its IPO on June 10, 2026, offering 27,906,977 shares at $21.50 per share. Shares traded lower after pricing, falling 5.41%.
• JAB Acquisition I (JABRU, Nasdaq) — priced its IPO on June 10, 2026, offering 15,000,000 shares at $10.00 per share. Shares were flat after pricing, trading at 0.00%.
• Parabilis Medicines (PBLS, Nasdaq) — priced its IPO on June 10, 2026, offering 33,333,334 shares at $20.00 per share. Shares traded lower after pricing, falling 10.06%.
• RMG ML Sports Holdings (SHOTU, Nasdaq) — priced its IPO on June 10, 2026, offering 20,000,000 shares at $10.00 per share. Shares were flat after pricing, trading at 0.00%.
• Ocean Capital Acquisition (OCACU, NYSE) — priced its IPO on June 9, 2026, offering 10,000,000 shares at $10.00 per share.
• Snow Rothschild Acquisition (ISNRU, Nasdaq) — priced its IPO on June 9, 2026, offering 20,000,000 shares at $10.00 per share. Shares traded slightly higher after pricing, rising 0.25%.
• WhiteHawk Minerals (WHK, NYSE) — priced its IPO on June 9, 2026, offering 6,925,000 shares at $26.00 per share. Shares traded slightly higher after pricing, rising 0.59%.

Additional IPO Activity: IPO activity was led by SpaceX’s highly anticipated Nasdaq debut, which priced at $135.00 per share and traded sharply higher after listing. Several SPAC and acquisition vehicle offerings also priced during the week, mostly around the standard $10.00 per share/unit level, including JAB Acquisition I, RMG ML Sports Holdings, Ocean Capital Acquisition, and Snow Rothschild Acquisition. Early trading was mixed across the group, with SpaceX standing out as the strongest performer, while Parabilis Medicines and ERock traded lower after pricing.

Markets Weekly

1. S&P 500 closed at 7,431.46, rising 25.73 points, or 0.35%, for the week.
2. Russell 1000 closed at 4,047.10, rising 17.48 points, or 0.43%, for the week.
3. Russell 2000 closed at 2,943.99, rising 88.57 points, or 3.10%, for the week.
4. Russell 3000 closed at 4,227.02, rising 23.44 points, or 0.56%, for the week.
5. CBOE Volatility Index closed at 16.67, falling 2.25 points, or 11.89%, for the week.
6. Dow Jones closed at 51,202.26, rising 416.25 points, or 0.82%, for the week.
7. Nasdaq Composite closed at 25,888.84, down 40.82 points, or 0.16%, for the week.
8. Bitcoin closed at 65,744.90, rising 2,662.10 points, or 4.22%, for the week.
9. Ethereum closed at 1,725.14, rising 34.38 points, or 2.03%, for the week.
10. Solana closed at 71.257, rising 4.445 points, or 6.65%, for the week.
11. XRP closed at 1.1866, rising 0.0186 points, or 1.59%, for the week.
12. Gold closed at 4,215.00, falling 120.90 points, or 2.79%, for the week.
13. Silver closed at 67.86, falling 0.57 points, or 0.83%, for the week.
14. WTI crude closed at 84.88, falling 6.42 points, or 7.03%, for the week.
15. Brent crude closed at 87.33, falling 6.92 points, or 7.34%, for the week.

• Treasuries rallied as traders trimmed Fed hike bets after the Iran deal eased oil-driven inflation concerns and boosted hopes for Hormuz reopening.
• Warsh faced his first major Fed test as inflation accelerated and bond markets priced possible rate hikes by December amid Trump pressure.
• Bond traders kept pricing a 2026 Fed hike despite softer core CPI, signaling inflation concerns remained above the latest data.
• Bank of Canada held rates at 2.25%, warning trade uncertainty and Iran-driven inflation risks created a difficult policy dilemma.
• The BOJ was expected to raise rates to the highest since 1995 as inflation risks rose from the prolonged Middle East conflict.
• SpaceX raised $75 billion in the largest IPO ever, ending its first trading day near a $2.2 trillion market value.
• SpaceX and OpenAI signaled a new equity-supply cycle as JPMorgan projected $1.5 trillion of net share issuance over two years.
• Bitcoin rose to a two-week high after the U.S.-Iran Hormuz deal eased geopolitical risk and lifted broader crypto sentiment.

Politics Weekly

• The U.S. and Iran reached an interim deal to reopen Hormuz, halting fighting while leaving sanctions and nuclear issues unresolved.
• European leaders prepared military assets to help reopen Hormuz after a U.S.-Iran peace deal, with G7 talks set to shape the mission.
• UAE and Iranian security officials met face-to-face as Abu Dhabi sought to deescalate tensions and protect regional economic stability.
• European leaders sought Trump’s G7 support for Russia-Ukraine peace talks, pushing an immediate ceasefire and stronger security guarantees for Kyiv.
• Russia struck Kyiv hours after a Putin-Trump call, damaging a UNESCO-protected cathedral and killing four people in the capital.
• Europe braced for major cuts to U.S. wartime military support, forcing NATO allies to plan for crises with fewer American assets.
• China questioned foreign ships east of Taiwan for the first time, escalating maritime pressure as Taipei rejected Beijing’s jurisdiction claims.
• Xi pledged deeper trade, agriculture and technology ties with Kim, as China sought to reassert influence over North Korea.

Technology Advancements in the week

• OpenAI joined a $3.6 trillion AI IPO pipeline after confidentially filing for a listing with Goldman Sachs and Morgan Stanley.
• Anthropic shut access to Fable 5 and Mythos 5 after a sweeping U.S. order cited national-security risks around foreign access.
• Amazon secured a $17.5 billion loan as AI borrowing accelerated, supporting investments, capital spending and potential OpenAI and Anthropic exposure.
• Tencent raised $4.7 billion in bonds to refinance debt and fund AI products, as Chinese tech firms accelerated AI spending.
• Nvidia sought to raise at least $20 billion in bonds, marking another major financing push tied to AI infrastructure demand.
• Fox agreed to buy Roku at a $22 billion value, expanding its streaming push across sports, news and entertainment.

👉Keep the conversation going! Subscribe to our weekly newsletter for more insights, delivered straight to your inbox.