Equity Funding Squeeze Driven By AI Rally, SpaceX IPO Stretches Banks

SpaceX signage during the closing bell ceremony at the Nasdaq MarketSite in New York, US, on Friday, June 12, 2026. Shares of SpaceX climbed in their first day of trading on Friday following a $75 billion IPO that smashed records and instantly turned the crown jewel of Elon Musk’s business empire into one of the most-valuable public companies in the world.