By Christopher Joye
Publication Date: 2026-06-12 06:00:00
US President Donald Trump’s supposed end to the Iran conflict has triggered a wave of relief. Oil prices have retreated from recent highs. Animal spirits have prevailed again. Investors are facing perhaps the most extraordinary pipeline of IPOs in history.
SpaceX has raised $75 billion ($106 billion) in a huge initial public offering that values Elon Musk’s empire at around $1.75 trillion. OpenAI and Anthropic are discussed in the same heavenly neighborhood.
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