Bloomberg — 2026-06-11#

Lead Story#

SpaceX raised $75 billion in its historic initial public offering, pricing 555.6 million shares at $135 each to achieve a massive $1.77 trillion valuation. The record-breaking market debut attracted more than $70 billion in retail orders alone, cementing its status as the largest IPO of all time and positioning founder Elon Musk on the verge of becoming the world’s first trillionaire,,.

Markets & Economics#

• ECB Hikes for First Time Since 2023 as Inflation Heats Up · Bloomberg: The European Central Bank raised its deposit rate to 2.25%, delivering its first interest-rate hike in almost three years. President Christine Lagarde warned that inflationary pressures triggered by the Iran war are broadening beyond energy, while the IMF indicated further borrowing cost increases will likely be necessary,.
• US PPI Climbs at Fastest Pace in More Than Three Years · Bloomberg: US producer prices surged 6.5% in May from a year earlier, clocking the fastest pace since November 2022. The spike underscores how the fallout from the Middle East conflict continues to fan global inflation.
• Dollar Drops the Most in a Month as Trump Says the War Is Ending · Bloomberg: The US dollar suffered its steepest drop in more than a month, while global bank stocks hit record highs,. Investors aggressively unwound safe-haven trades after President Donald Trump signaled a diplomatic deal with Iran was imminent,.

Business & Industries#

• Oracle Falls on Data Center Spending · Bloomberg: Oracle Corp. shares tumbled after the database software giant forecasted roughly $70 billion in net capital expenditures through its fiscal 2027. The massive infrastructure spending plan overshadowed its artificial intelligence growth, raising profitability concerns on Wall Street.
• Eaton to Merge Mobility Business With Dana in $10 Billion Deal · Bloomberg: Eaton Corp. has agreed to combine its mobility unit with Dana Inc.. The blockbuster transaction values the newly merged enterprise at approximately $10 billion, including debt.
• Novo’s Wegovy Pill Wins Approval in UK for Obesity Treatment · Bloomberg: Novo Nordisk A/S secured UK regulatory approval for the pill version of its blockbuster weight-loss drug, Wegovy. The authorization opens up a highly lucrative segment of the obesity market by targeting patients who are averse to taking injections.

Policy & World#

• Trump Cancels Planned Iran Strikes in Latest Reversal · Bloomberg: In a stark reversal following two straight days of US military strikes, President Trump abruptly called off further attacks on Iranian energy infrastructure,. Trump claimed the US “just made a great settlement” with Tehran and that final documents for an interim peace deal could be signed within days.
• Trump Taps Wall Street Top Cop Clayton as Intelligence Chief · Bloomberg: Facing intense backlash over his initial decision to temporarily place controversial housing official Bill Pulte in charge of spy agencies, Trump nominated former SEC Chair Jay Clayton as the next director of national intelligence.
• UK Defense Secretary’s Ugly Exit Shatters Starmer’s Legacy · Bloomberg: UK Defense Secretary John Healey resigned over Prime Minister Keir Starmer’s failure to follow through on sweeping defense spending commitments. Starmer quickly appointed Dan Jarvis to the post in an effort to contain the leadership crisis rocking the Labour Party.
• Supreme Court Shields Investment Funds From Shareholder Lawsuits · Bloomberg: The US Supreme Court voted 6-3 to block activist investors from suing 11 closed-end funds. The ruling affirmed that an 86-year-old federal statute does not authorize shareholders to challenge corporate bylaws and management decisions in court.

Opinion & Analysis#

• Wealthy, Aging Europe Isn’t Quite Finished Yet · Bloomberg Opinion: Despite prevailing pessimism and the economic struggles of its core powers, the European Union is showing admirable political cohesion and resilience a decade after Brexit.
• The S&P 500’s SpaceX Snub Is a Public Service · Bloomberg Opinion: As SpaceX goes public, S&P 500 gatekeepers have rightly refused to bend their admission criteria for the rocket giant, protecting passive investors from its unorthodox governance structure.