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[HFblogNews]

Date: 11th June 2026.

SpaceX IPO: Dollar Demand and Tech Valuations in Focus.


Trading Leveraged products is Risky

Why the SpaceX IPO Matters for Markets

The SpaceX IPO has become one of the most closely watched market events of the week. Its importance goes beyond the size of the potential listing. For traders, the deal may act as a live test of liquidity, investor appetite for high-growth technology names and the market’s tolerance for ambitious private-company valuations.

According to Reuters, SpaceX is seeking to raise $75 billion in an IPO that could value the company at around $1.75 trillion. The pricing was expected on 11 June, with trading on Nasdaq expected to begin the following day.

The listing brings together several powerful market narratives: space technology, satellite connectivity, artificial intelligence and US equity-market leadership. That mix has made the IPO a broader sentiment indicator for technology stocks, private-market valuations and global capital flows.

Dollar Demand in Asia: The South Korea Effect

One of the clearest market effects has appeared in Asian foreign exchange. Reuters reported that dollar demand linked to the expected SpaceX IPO generated around $1.5 billion in dollar purchases in South Korea, although the pressure was said to be nearing its final stage.

This matters because large US listings can create ripple effects far beyond Wall Street. When institutional investors or wealthy individuals outside the US seek exposure to a major American IPO, they often need to convert local currency into US dollars. In markets where liquidity is thinner than in the major global FX pairs, those flows can temporarily influence local currency performance.

For FX traders, this highlights an important point: currency volatility is not always driven by central banks, inflation data or trade balances. Large equity-market transactions can also move capital across borders and support demand for the US dollar.

Tech Valuations Face a Fresh Test

The SpaceX IPO also arrives at a sensitive moment for technology markets. Reuters noted that valuing the company is challenging because its business spans rockets, satellite communications and AI-related growth narratives. The same report said SpaceX recorded a net loss of $4.94 billion in 2025, while revenue rose 33% to $18.67 billion.

That contrast between rapid growth, large losses and high valuation expectations sits at the centre of the market debate. When risk appetite is strong, investors may accept demanding valuations if they believe future growth can justify them. But when real yields are elevated, inflation concerns persist or technology shares come under pressure, highly valued growth companies may face tougher scrutiny.

The political and regulatory backdrop also matters. Business Insider reported that Senator Elizabeth Warren asked the SEC to delay the IPO, citing investor-protection, governance and index-inclusion concerns. While that request does not necessarily change the expected timeline, it adds another layer of uncertainty around the listing.

What Traders Are Watching Now

Traders are likely to focus on four main signals:

* Final IPO demand: A strong book could support risk appetite toward technology and growth stocks.
* US dollar reaction: Large flows into US assets may temporarily support the dollar against some Asian currencies.
* Tech and index sentiment: The debut may influence appetite toward Nasdaq-linked names and AI-related stocks.
* Valuation discipline: A cautious market reaction could revive concerns over stretched technology valuations.

Market Takeaway

The SpaceX IPO is more than a high-profile listing. It is a test of market liquidity, investor confidence and demand for next-generation technology stories. Its impact may be felt across US equities, Asian FX markets and broader risk sentiment.

A strong reception could support growth-stock confidence, while a weaker or more cautious response could increase volatility in technology shares and encourage traders to reassess valuation risk. As always, market participants should approach highly volatile events with clear risk management, especially when trading instruments linked to the US dollar, tech indices or high-growth equities.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click [url='https://www.hfm.com/hf/en/trading-tools/economic-calendar.html']HERE[/url] to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click [url='https://www.hfm.com/en/trading-tools/trading-webinars.html']HERE[/url] to register for FREE!

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Jarek Duque
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

[HFblogNews]

Date: 12th June 2026.

Stock Market Today: Global Stocks Rally as Oil Prices Fall and SpaceX IPO Takes Centre Stage.


Trading Leveraged products is Risky

Global markets surged on Friday as hopes of a diplomatic breakthrough between the United States and Iran boosted investor sentiment, driving stocks higher while oil prices retreated from recent highs. Meanwhile, traders are closely watching the highly anticipated debut of SpaceX, which is set to become the largest IPO in history.

The combination of easing geopolitical tensions, falling energy prices, and renewed appetite for risk assets has created a strong risk-on environment across global financial markets.

Global Stock Markets Rise on Iran Ceasefire Hopes

Investor confidence improved significantly after US President Donald Trump announced that planned military strikes against Iran had been cancelled and suggested that a broader peace agreement could be finalised within days.

Although Iran has yet to confirm a final agreement, markets reacted positively to signs that diplomatic efforts may be gaining momentum after months of conflict that disrupted energy markets and fuelled inflation concerns.

Asian equity markets posted strong gains:

* South Korea’s KOSPI surged 7.8%
* Japan's Nikkei 225 gained 3.5%
* Hong Kong’s Hang Seng Index rose 1.8%
* China’s Shanghai Composite advanced 1.6%
* Australia’s ASX 200 climbed 1.9%
* S&P 500 rose 1.8%
* Dow Jones Industrial Average rose +1.9%
* Nasdaq Composite rose +2.5%

Technology stocks led the rally, with investors returning to AI-related companies after recent volatility.

Notable movers included Samsung Electronics, which gained more than 11%, SK Hynix, which rose over 7%, and Tokyo Electron, which jumped more than 10%.

US markets also enjoyed a strong session, with all three major indices posting their largest daily gains in months. The rally reflected growing optimism that lower oil prices could ease inflationary pressures and reduce the likelihood of further monetary tightening.

The technology sector remained in focus, with investors balancing excitement over artificial intelligence growth against concerns that elevated valuations may be creating speculative excess.

Why Are Oil Prices Falling?

Oil prices extended losses after reports that diplomatic discussions between Washington and Tehran had progressed, reducing fears of an immediate escalation in the Middle East conflict.

Brent crude fell toward $89 per barrel, while U.S. West Texas Intermediate (WTI) crude traded near $86 per barrel.

The decline comes despite ongoing uncertainty surrounding the Strait of Hormuz, one of the world's most important energy shipping routes. Roughly 20% of global oil and liquefied natural gas shipments typically pass through the strait, making any disruption a major concern for global energy markets.

While markets have welcomed signs of progress, analysts continue to caution that any ceasefire agreement could remain fragile.

Should negotiations collapse or supply disruptions persist, oil prices could quickly move higher again, potentially reigniting inflation concerns across major economies.



Lower Oil Prices Ease Inflation Concerns

Falling energy prices have helped reduce market expectations for additional interest rate increases from the Federal Reserve.

Treasury yields moved lower as investors reassessed inflation risks:

* U.S. 2-Year Treasury Yield: 4.07%
* U.S. 10-Year Treasury Yield: 4.47%

Market pricing for another Federal Reserve rate hike later this year also declined, reflecting growing confidence that lower oil prices could support the disinflation process.

For equity markets, the combination of softer energy prices and reduced rate hike expectations provides a supportive backdrop for risk assets.

Currency Markets: Yen Remains Under Pressure

In foreign exchange markets, the U.S. dollar stabilized after recent weakness.

USDJPY traded near 160.20, a level many traders view as potentially sensitive for Japanese authorities. The yen remains close to levels that have previously prompted intervention from the Bank of Japan and the Japanese Ministry of Finance.

Meanwhile, EURUSD held above 1.15 as investors continued to monitor developments in both the Middle East and global interest rate expectations.

UK Economy Shows Signs of Slowing

Economic data released on Friday showed that the UK economy contracted by 0.1% in April.

The decline follows a strong first quarter and suggests that higher energy prices, elevated borrowing costs, and geopolitical uncertainty are beginning to weigh on economic activity.

The weaker growth figures create an increasingly difficult balancing act for the Bank of England, which must manage inflation risks while avoiding further damage to economic growth.

SpaceX IPO Dominates Market Attention

The biggest event on traders' calendars today is the historic IPO of SpaceX.

The company raised approximately $75 billion in what is expected to become the largest public offering ever, valuing the aerospace and satellite giant at approximately $1.77 trillion.

Pre-market indications suggest investors remain highly optimistic, with some unofficial trading venues implying valuations above $2.3 trillion.

A successful debut could have broader implications for the technology sector, particularly for future listings involving artificial intelligence, space infrastructure, and next-generation technology companies.

Investors will be watching closely to see whether the IPO attracts additional capital into growth stocks or temporarily diverts funds away from established technology leaders.

Key Market Themes to Watch

1. Iran Peace Negotiations: Any confirmation or rejection of a ceasefire agreement could trigger significant volatility across equities, commodities, currencies, and safe-haven assets.
2. Oil Price Direction: Crude oil remains one of the most important drivers of inflation expectations and central bank policy outlooks.
3. SpaceX Trading Debut: The performance of the largest IPO in history could influence sentiment across the broader technology sector.
4. Federal Reserve Expectations: Lower energy prices have reduced expectations for further policy tightening, but investors remain sensitive to inflation developments.

Market Outlook

Global markets are ending the week on a positive note as investors embrace the possibility of easing geopolitical tensions and lower energy prices. Falling oil prices have improved the outlook for inflation, supported equity markets, and reduced pressure on central banks to tighten policy further.

However, traders should remain cautious. Previous optimism surrounding Middle East negotiations has faded quickly, and any setback in diplomatic discussions could rapidly reverse today's market moves.

For now, risk sentiment remains firmly positive, with global stocks rallying, oil prices retreating, and investors turning their attention to what could become one of the most important IPO debuts in financial market history.

Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

Please note that times displayed based on local time zone and are from time of writing this report.

Click [url='https://www.hfm.com/hf/en/trading-tools/economic-calendar.html']HERE[/url] to access the full HFM Economic calendar.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click [url='https://www.hfm.com/en/trading-tools/trading-webinars.html']HERE[/url] to register for FREE!

[url='https://analysis.hfm.com/']Click HERE to READ more Market news.[/url]

Andria Pichidi
HFMarkets

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.