Insights

Weekly Market Commentary 12th June 2026

12 June 2026

This week sees SpaceX shares start trading in New York. The IPO was heavily oversubscribed and many investors will watch the first day’s trading closely, looking to secure a stake or to pocket a quick profit, depending on their view of the company’s valuation. The size of the offering shows the huge demand for cash caused by unprecedented investment in AI, as companies turn to bank borrowing, bond and share issues to fund their plans. With Anthropic, OpenAI and others looking to tap the market this year, the SpaceX listing will set the benchmark for the sector.