My golf buddy worked as a financial adviser. Here’s how I really knew his friendship was fake.

Unique SpaceX IPO is hedging challenge for Wall Street: 'What are you going to do, short NASA?'

SpaceX will debut under the ticker 'SPCX' this Friday, and its options will begin trading on Monday, June 16th. It's a quick turnaround that leaves investors a little bit in the lurch. They'll have little time and a small sample size of activity to judge how the world's largest IPO will trade day-to-day over the long term, which one trader says will present the biggest hedging challenge in nearly three decades.

Less props for prediction markets under proposal

Prediction markets such as Kalshi and Polymarket could soon be barred from offering certain types of sports-related event contracts, including those involving officiating outcomes or player injuries. The Commodity Futures Trading Commission, the federal agency that regulates prediction markets, on Wednesday released a 267-page proposal that would rework and more carefully define some of the rules governing prediction markets and the types of event contracts they can offer. The proposed...

Musk Stock Fans Say ‘The More, The Better’ in SpaceX IPO Frenzy

A SpaceX Falcon 9 rocket launched from Cape Canaveral Space Force Station in Florida.

Investment Committee's Message: Don't Overfocus on SpaceX IPO