The 10-year U.S. government bond yield stood at 4.455%, down 0.008 percentage points. Oil (CM:CL) rose 1.23% to $77.54, while gold (CM:XAUUSD) fell 1.72% to $4,172.90. Bitcoin (BTC-USD) gained 0.46% to $64,139.86, showing modest strength as crypto trailed the broader tech-led rally.
SpaceX IPO Sets the Tone for Tech
The biggest market story of the week was the public debut of SpaceX (SPCX), Elon Musk’s space exploration and satellite communications company. The company raised $85.7 billion in its IPO, making it the largest offering in history and giving SpaceX a valuation above $2 trillion.
That helped shift investor sentiment toward large technology and innovation-linked names. The IPO also came as SpaceX reportedly agreed to acquire AI startup Cursor for $60 billion, a move aimed at strengthening its AI capabilities in an increasingly competitive market.
AI and technology headlines remained active elsewhere. Nvidia Corporation (NVDA), a leading AI chip and data center company, announced plans to issue at least $20 billion in investment-grade bonds for general corporate purposes. The planned sale marks one of Nvidia’s most significant debt moves since the AI boom began.
