· International Finance and Economics 06-12 Published

24-hour financial news: The Dow soars, SpaceX goes public today, gold hits the bottom, and the World Cup kicks off.

On June 12th, SpaceX was officially listed on the NASDAQ with the stock code SPCX. The issue price is $135 per share. It plans to raise $75 billion, with a valuation of $1.75 trillion. It received subscriptions of over $250 billion, about 4 times oversubscribed, becoming the largest IPO in human history. Well - known short - seller Jim Chanos publicly questioned its valuation bubble, saying that "it cannot hold under any reasonable business assumptions." Space concept stocks have collectively skyrocketed this year.

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