(Bloomberg) -- Wall Street traders gearing up for SpaceX’s historic debut sent stocks higher ahead of what’s expected to be a major test of investor appetite for artificial intelligence-related companies.

By Isabel Wang and Joy Wiltermuth

Software is sliding, China is selling off and Apollo and KKR are flashing warnings. AI bubble fears are spreading just as SpaceX preps a record IPO.

SpaceX stock debut is anticipated to be a blockbuster event. Shadow markets suggest a significant price jump of over 35%. This strong debut could set a precedent for future…