The result was a market struggling to settle on a single narrative, with investors lurching between macroeconomic developments and speculative trades

Hype and hope collide in the biggest IPO in history

U.S. futures rose ahead of SpaceX's $75 billion IPO, as investors weighed the company's profitable Starlink business against losses.

SpaceX's record IPO positions it as a trillion-dollar company, marking a pivotal moment in the market and investor landscape.