SpaceX reportedly plans to IPO in mid-June, chooses to list on Nasdaq

Elon Musk's aerospace and satellite manufacturer, SpaceX, could price its initial public offering as soon as June 11 and make its public market debut on June 12, Reuters reported Friday. SpaceX is preparing for a monster IPO, reportedly aiming to raise $75 billion raise at a record $1.75 trillion valuation.

Sources familiar with the matter told Reuters that Musk's company had chosen to list on the Nasdaq.

SpaceX is moving through its IPO timeline and is said to be ready to hit the road to secure commitments from investors around June 4, according to Reuters.

SpaceX did not immediately respond to requests for comment.

Go deeper: What happens to Tesla stock when SpaceX goes public?

More Markets

See all Markets

Tasha Matsumoto

17m

Stocks slide on inflation fears as oil climbs

Tech fell and oil rose, while investors grew concerned that oil supply disruption from the ongoing closure of the Strait of Hormuz could drive inflation.

Paige Oamek23h

Figma spikes after raising full-year sales outlook as the software company leverages AI for growth

Figma jumped postmarket Thursday after posting impressive sales in Q1, surpassing Wall Street expectations and raising its full-year guidance. The key numbers:

Q1 revenue of $333.4 million (compared to analyst estimates of $316 million).
Q2 sales guidance of $348 million to $350 million (estimate: $329.7 million).
Full-year revenue between $1.422 billion and $1.428 billion (up from previous guidance of $1.37 billion).

The digital design software firm is the latest company to diminish investor fears about AI-induced disruption by making the technology work for them. Like Atlassian or Datadog, Figma said it was able to use AI to its advantage, bringing more customers on board and getting them to spend more.

In the press release, Praveer Melwani, Figma CFO, said:

“As AI gets better, Figma is accelerating and customer usage and workflows on our platform are deepening. Our platform and AI products drove faster growth for both new customer acquisition and expansion within existing accounts.”

Revenue grew 46% year over year in Q1 2026, an acceleration from growth of 40% in Q4 2025.

Luke Kawa24h

Infleqtion reports Q1 adjusted loss, offers modest boost to full-year sales guidance

Infleqtion is falling in postmarket trading after reporting a Q1 adjusted loss from operations of $13.2 million and sales of $9.5 million.

Management modestly upgraded its sales guidance to “at least” $40 million for 2026, adding that language to enhance the target provided in early April. Revenues of $40 million would mark an increase of roughly 23% compared to the $32.5 million generated in 2025, and an acceleration from growth of 12% last year.

The company utilizes neutral-atom technology to make quantum sensors used in clocks and antennas in addition to computers.

“Q1 reinforced our confidence that quantum is gaining momentum as the market shifts toward deployable systems, real applications, and measurable customer value,” said CEO Matt Kinsella. “Across computing, sensing, and software, we are seeing expanding customer activity especially in national security, space, and hybrid quantum-AI applications.”

Shares are roughly flat since February 13, which is just before the company went public via a SPAC, after being down 35% near the end of March, and then up nearly 30% in mid-April.

The quantum computing space benefited from the return of speculative appetite in April after the US and Iran agreed to a ceasefire. The cohort was later bolstered after Nvidia unveiled a suite of open models designed to leverage AI to improve calibration and error correction for quantum computers.

Luke Kawa5/14/26

Applied Materials rallies after better-than-expected Q2 results, strong sales guidance

Shares of Applied Materials are gaining in postmarket trading after the company reported robust Q2 results and a sales outlook that indicate building momentum.

Net sales: $7.9 billion (compared to analyst estimates of $7.7 billion and guidance for $7.65 billion, plus or minus $500 million).
Adjusted earnings per share: $2.86 (estimate: $2.68, guidance: $2.68, plus or minus $0.20).

For Q3, the company anticipates net sales of $8.95 billion (plus or minus $500 million; estimate: $8.15 billion) with adjusted EPS of $3.36 (plus or minus $0.20; estimate: $2.88).

“The growth in AI that Applied has been investing for is now in full force,” CFO Brice Hill said in the press release.

Management has consistently indicated that it expects demand to pick up in the second half of this year, but its first-half results have already blown away expectations by a wide margin. All this appetite for semiconductors to support AI compute is fantastic news for companies like Applied Materials that make the equipment to produce these specialized chips.

Shares of Applied Materials closed near a record high ahead of this report, up more than 70% year to date.

Tasha Matsumoto

5/14/26

Tech powers stocks to another record close

Gains in AI-linked names helped stocks close at new record highs.

Nick Richards #13 and Isaac Okoro #35 of the Chicago Bulls celebrate after play against the Denver Nuggets during the third quarter at the United Center on February 07, 2026 in Chicago, Illinois.

Latest Stories

Sherwood Media, LLC and Chartr Limited produce fresh and unique perspectives on topical financial news and are fully owned subsidiaries of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC, Robinhood U.K. Ltd, Robinhood Derivatives, LLC, Robinhood Gold, LLC, Robinhood Asset Management, LLC, Robinhood Credit, Inc., Robinhood Ventures DE, LLC and, where applicable, its managed investment vehicles.