Today is Monday, June 15, 2026.
The Early Bird Index today is 88.66.
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SpaceX Soared 19%. Who's Next? ๐
What does the initial public offering of SpaceX $SPCX ( โฒ 19.22% ), and eventually Anthropic and OpenAI, mean for retail investors? Find out by listening to a new episode of the Early Bird podcast.
EARLY BIRD
SpaceX, Anthropic, and OpenAI Mega IPOs
Background: SpaceX went public on June 12, surging 19.22% in the process. Anthropic and OpenAI are likely to go public as early as the end of 2026.
Details: Thereโs huge potential for SpaceX, both as a company that can unlock the space economy and for investors. Fridayโs IPO and subsequent surge were positive for the stock.
However, experts note that SpaceX is likely overvalued, creating skepticism about how much investors could make with the stock in the long term.
Bigger Picture: Index funds will also be impacted by SpaceX. Some are already rebalancing to make room for the space juggernaut. Those funds will have to offload some shares of the big tech stocks to make room, which could create limited pressure on those tech names.
Whatโs Next: Anthropic and OpenAI are different than SpaceX in that they focus more specifically on AI. However, all three companies have high valuations, and certain hypotheses will have to come true to justify them.
Final Thoughts: What should retail investors know about these 2026 mega IPOs? Listen to a new episode of the Early Bird podcast to understand everything you need to know.
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Notables
Notable Earnings Today: Dave & Buster's (Nasdaq: PLAY), Canopy Growth Corp (Nasdaq: CGC), Domo (Nasdaq: DOMO), PowerFleet (Nasdaq: AIOT), Quantum Corp (Nasdaq: QMCO), RF Industries (Nasdaq: RFIL).
Notable IPOs Today: SL Science Holding Limited Ordinary Shares (Nasdaq: SLBT), Honeywell Aerospace Inc. Common Stock When Issued (Nasdaq: HONAV).
Notable Equity Crowdfunding Campaigns Ending Today: Collab - 150 Panoramic (Wefunder).
Notable Economic Events Today: NY Empire State Manufacturing Index (8:30 a.m. ET), Industrial Production (9:15 a.m. ET).
Eli Lilly's New Trial Results
On Sunday, the drug company Eli Lilly $LLY ( โผ 2.41% ) announced that adding their medicine, Jaypirca, to a standard two-drug treatment helps patients with certain types of blood cancers live longer without their disease getting worse.ย
Details: In a recent clinical trial, this new three-drug combination reduced the risk of cancer progression or death by 45% compared to the standard treatment.
Background: The news comes a week after Eli Lilly released good trial results for its weight management drug, Foundayo.
Final Thoughts: Eli Lillyโs stock is up about 33% in the past 6 weeks. The stock started 2026 with a 20% decline before this period.
Bitcoinโs Mid-June Recovery
The price of Bitcoin $BTC ( โฒ 2.93% ) jumped about 2% on Sunday to reach $65,000, its highest value in about two weeks, thanks to talks of a peace deal between the U.S. and Iran.
Background: Bitcoin is still down about 24% this year.
Final Thoughts: Most major cryptocurrencies also rose on Sunday because of the peace talks.
Trends to Watch
Higher Oil Prices for Longer: Oil and gas supplies could take months to return to normal after Iran deal, energy experts say (Associated Press)
Big Week: SpaceX shows investors still want moonshots. The Fed may test that theory this week. (MarketWatch)
The AI Wave: As AI companies race to go public, who else is along for the ride? (TechCrunch)
Out of This World: Emboldened by SpaceX, Investors Are Piling Into All Things Space (Wall Street Journal)
Interesting Upgrade: Ethereum can quantum-proof accounts for just 7 cents, says Ethereum's Kohaku lead (Cointelegraph)
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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations, and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.
