55 stories from 12 sources
The week in U.S. Business and Markets
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SpaceX’s proposed offering grew into a potential record IPO, with estimates reaching $86 billion and a valuation near $1.8 trillion. Banks competed for roles despite fee pressure, while the company considered reserving as much as 25% of the deal for individual investors.
May hiring remained strong and April payroll growth was revised higher, keeping unemployment at 4.3%. Stocks then fell as investors priced in tighter Federal Reserve policy, higher Treasury yields, and fewer near-term rate cuts.
Berkshire’s Taylor Morrison acquisition put substantial capital behind homebuilding and build-to-rent housing. At the same time, mortgage investors hesitated over alternative credit scores, even as housing demand stayed positive and some markets showed elevated risk.
Alphabet’s plan to raise about $80 billion through stock sales showed how heavily AI expansion may depend on fresh capital. Broadcom’s rapid market-value gain then faced an earnings test, putting operating results against the momentum of the AI trade.
Liftoff’s second attempt to go public raised $437 million and gained 9.1% in its debut. The result offered evidence that investors were reopening to venture-backed technology listings, but only with carefully set valuations and deal sizes.
Day’s Recap