Torrid Rally in Rocket Stocks Falters as SpaceX IPO Draws Close

Bloomberg Markets Monday 01 June 2026, 17:06 UTC By Jordan Fitzgerald 1 min read

Key Points

SpaceX facilities in Hawthorne, California, US, on Monday, April 13, 2026. SpaceX has filed confidentially for an initial public offering, according to people familiar with the matter, bringing billionaire Elon Musk's rocket, satellite and AI company closer to delivering the biggest-ever listing.

Torrid Rally (PERSON) SpaceX IPO Draws (ORG) SpaceX (ORG) Hawthorne (LOCATION) California (LOCATION) US (LOCATION) Elon Musk's (PERSON) AI (ORG)

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Exclusive-GM may ditch LFP batteries for future EVs SAN FRANCISCO, June 10 : General Motors may scrap plans to use a lower-cost, iron-based battery chemistry that many automakers are using to cut electric-vehicle costs, GM's head of battery technology said. The Detroit automaker had said it planned to develop lithium-iron phosphate, or LFP, batteries for use in future EV models, and would begin making those batteries in late 2027 at a jointly owned plant in Tennessee. But GM battery chief...

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Torrid Rally in Rocket Stocks Falters as SpaceX IPO Draws Close

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