SpaceX's IPO Could Test the Stock Market Rally
U.S. stocks are set to face their biggest test since the U.S. war with Iran this month, as the long-awaited listing of Elon Musk's SpaceX hits markets just as momentum from the first quarter earnings season is starting to fade and investors are growing concerned over rising inflation pressures in the world's biggest economy.SpaceX, the first of three mega IPOs expected before the end of the year, is set to begin trading on the Nasdaq on June 12, with an expected valuation of as much as $2 trillion. The group will raise around $86.5 billion from the sale, making it the biggest U.S. listing on record."Not all high-profile U.S. IPOs have presaged major corrections in the S&P 500," said John Higgins, chief economic adviser for financial markets at Capit
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