TradingKey

TradingKey - On June 8, Eastern Time, OpenAI, the parent company of ChatGPT, officially filed for a confidential IPO with the U.S. Securities and Exchange Commission (SEC), becoming the second AI super unicorn to pursue a listing after Anthropic. Leveraging approximately 900 million weekly active users and its rapidly expanding enterprise business, OpenAI is expected to debut on the capital markets with a valuation approaching $1 trillion.

TradingKey - South Korea's stock market is nearing a milestone it has pursued for over a decade. Bloomberg reports indicate that as MSCI prepares to announce its annual market classification review results on June 23, Seoul is more eager than ever to secure an entry ticket to the developed market club.

TradingKey — Cathie Wood is placing her biggest bet on Elon Musk's space empire. Latest trading records disclosed by ARK Invest show that several of its ETFs collectively acquired approximately 3.29 million shares of SpaceX (SPCX) in a single day, deploying approximately $443 million in capital.

TradingKey - The Federal Reserve will convene the FOMC meeting on June 16-17 Eastern Time, announcing its interest rate decision and latest economic projections on June 17. The current target range for the federal funds rate stands at 3.50% to 3.75%. Based on the latest U.S. CPI and non-farm payroll data, the most likely outcome of the June meeting is to keep interest rates unchanged while signaling a more hawkish policy stance.

TradingKey - U.S. President Trump announced on his social media platform on Saturday that the agreement will be officially signed on Sunday. Once signed, the Strait of Hormuz, which has been blocked for three and a half months, will immediately resume free navigation.

If the current crypto market breaks the historical pattern of a "bear market occurring two years post-halving" and price action aligns with 2020 and 2021, it would suggest that Bitcoin is currently reaching a local bottom, potentially followed by a rally to new highs.

TradingKey — Boosted by easing tensions in the Middle East, the three major US stock indices closed higher across the board this week. With the official launch of the SpaceX IPO, the largest IPO window in US history has officially opened. In the coming week, the market will focus on progress regarding the US-Iran peace agreement, which may dictate the direction of US equities. Federal Reserve Chair Kevin Warsh will hold his first monetary policy press conference, with interest rates expected to remain unchanged. Additionally, OpenAI CEO Sam Altman is scheduled to visit South Korea.

TradingKey - Year-to-date, international gold prices have fallen by more than 23% from an all-time high of $5,598.75 per ounce, completely wiping out all gains for the year. Since peaking at the end of January, gold prices have closed lower for four consecutive months.

TradingKey - Rocket Lab fell after the SpaceX IPO, but investors may be overlooking a larger catalyst. Nasdaq-100 inclusion on June 22 could bring fresh institutional demand as RKLB's backlog reaches a record $2.2 billion.

SpaceX SPCX closed its first trading day at $161.11, up 19% from the $135 IPO price, hitting an intraday high of $176.52. MSCI index inclusion begins June 13. Here's what SpaceX stock investors should watch next: lockup, Q2 earnings, Starlink growth, and xAI capex.

TradingKey - On June 12 local time, The Wall Street Journal cited people familiar with the matter reporting that attorneys general from several U.S. states have launched a joint investigation into OpenAI. OpenAI received a subpoena on the same day, requesting business documents related to user interactions, advertising strategies, data usage, and the protection of minors. Meanwhile, OpenAI's competitor Anthropic also faced an administrative ban. According to Axios, U.S. Secretary of Commerce Lutnick sent a letter to Anthropic CEO Dario Amodei, placing its two most advanced AI models, Fable 5 and Mythos 5, under the scope of export controls.

TradingKey - From June 5 to 8, 2026, NVIDIA CEO Jensen Huang conducted a four-day visit to South Korea, meeting with the heads of SK Group, Hyundai Motor, LG Group, and other major corporations. He announced that the next-generation High Bandwidth Memory (HBM4) has been certified by the three major memory chip manufacturers and signed a multi-year technical cooperation agreement with SK Hynix.

TradingKey - On June 12, Eastern Time, SpaceX officially debuted on the Nasdaq Stock Market. The stock closed up 19% on its first day of trading, with its closing market capitalization reaching $2.11 trillion, ranking it 6th in the U.S. stock market by market value. This surge made Elon Musk the first individual in history to surpass a net worth of $1 trillion.

TradingKey - Over the past year, AI chips, cloud computing, data centers, and a handful of tech giants have propelled the Nasdaq and S&P 500 to continuous gains and repeated record highs. However, as an increasing amount of capital concentrates on the same AI narrative, the U.S. stock market has begun to exhibit typical bubble-like characteristics: high valuations, crowded trades, rising market concentration, and rapid capital expenditure expansion, while actual commercial returns still require time to be validated. Once the market begins to question the return on AI investment, index-level corrections could be more severe than typical sector rotations.

TradingKey - According to multiple sources, the U.S.-Iran peace agreement has entered its final sprint. Pakistan Prime Minister Shehbaz Sharif stated on the social media platform X on Friday that both sides have reached an agreement on the text of a final peace deal, noting that "peace has never been closer than it is today."

Tradingkey - The opening match of the 2026 FIFA World Cup will officially kick off on June 11, with the tournament running until July 19 across 16 cities in the United States, Canada, and Mexico. Investment banks Deutsche Bank and Goldman Sachs noted that the World Cup will serve as a major catalyst for various consumer, media, and betting stocks, particularly generating clear incremental earnings growth in sectors such as tourism, catering, and sports betting.

TradingKey - On June 12 (ET), investor sentiment was ignited by SpaceX's successful listing and the prospect of a peace agreement between the U.S. and Iran, driving the three major U.S. indices to rise for a second consecutive session. At the close, the Dow Jones Industrial Average rose 0.70% to 51,202.26; the S&P 500 gained 0.50% to 7,431.46; and the Nasdaq Composite added 0.31% to 25,888.84.

TradingKey - Upon the successful listing of SpaceX (SPCX), space concept stocks fell across the board, with competitor Rocket Lab (RKLB) tumbling as much as 13% at one point. Within the sector, Virgin Galactic (SPCE) plunged over 37%, Firefly Aerospace (FLY) dropped more than 20%, AST SpaceMobile (ASTS) fell over 16%, and Redwire (RDW) declined by more than 13%.

TradingKey - SpaceX (SPCX) listed on the Nasdaq Stock Exchange today, opening at $150, approximately 11% above its IPO price. As of press time, SpaceX shares broke through $172, up 27.47%. The space company’s latest market capitalization climbed to $2.27 trillion, surpassing TSMC ($2.2 trillion). It currently ranks seventh on the global market cap leaderboard, trailing just behind Amazon ($2.55 trillion).

TradingKey - On June 12, SpaceX (SPCX) opened at $150 in its market debut, up 11.11% from its offering price of $135, with trading turnover exceeding $11.4 billion. Its latest market capitalization reached $2.05 trillion, immediately joining the ranks of the world's most valuable companies and surpassing Broadcom, Tesla, and Meta. It currently ranks as the 8th largest company in the U.S. by market value.