SpaceX IPO Soars in Trading Debut… And Looking Ahead to Warsh’s First Fed Meeting 6/12/26

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SpaceX IPO Soars in Trading Debut… And Looking Ahead to Warsh’s First Fed Meeting 6/12/26

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SpaceX’s public debut on the Nasdaq makes history, reaching over $2 trillion in market cap and minting Elon Musk as the world’s first trillionaire. Wedbush Securities Global head of tech research Dan Ives breaks down SpaceX’s first trading day and where the space stock is heading next. Then, the traders discuss what a potential peace deal with Iran means for the oil market, and what to expect from Kevin Warsh’s first Fed meeting next week. Plus, SpaceX isn’t the only stock soaring - why retail and chip stocks are also on the rise, and why software is falling short.

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