Following SpaceX's June 12, 2026 IPO at a valuation above $2 trillion, Strategy (NASDAQ: MSTR) executive chairman Michael Saylor said the market's "Magnificent Seven" should become "Mag8." SpaceX's S-1 listed 18,712 BTC worth about $1.18 billion, while Strategy reported adding more than 90,000 BTC in Q1 2026 and remains the largest institutional Bitcoin holder.

Elon Musk's SpaceX begins trading on Wall Street today following a record $75 billion initial public offering. The deal prices 555,555,555 Class A shares at $135.00 each, valuing the company at $1.77 trillion. Underwriters have an option to purchase an additional 83.3 million shares, which could raise the IPO size to about $86 billion.

Avalanche Treasury Co. is set to begin trading on Nasdaq on Thursday under the ticker AVAT, tied to AVAX One chaired by Anthony Scaramucci and led by CEO Bart Smith. The listing follows a merger with SPAC Mountain Lake Acquisition, a deal initially signed in October at $675 million. The treasury vehicle reports holding roughly 15 million AVAX and says it plans to allocate capital across Avalanche infrastructure, apps, staking, and ecosystem projects.

BlackRock (NYSE: BLK), led by Larry Fink, is seeking to purchase at least $5 billion in SpaceX shares ahead of the company's trading debut expected as soon as tomorrow. SpaceX said it sold the full 555,555,555-share IPO at $135 per share for an implied valuation of about $1.77 trillion, while retail orders topped $70 billion and Polymarket traders are pricing in high odds of a $1.8T–$2T market cap.

Donald Trump said a deal involving Iran could be reached within “two or three days,” adding that the Strait of Hormuz would reopen “immediately” after an agreement. Oil prices fell Tuesday morning, with Brent down 1.3% to $93.02 and WTI down 1.8% to $89.67, while analysts flagged downside risks for gold and warned crude could spike if fighting continues.

In June 2029, AI Financial Corp. (NASDAQ: AIFC) warned it may not be able to continue operating, even as World Liberty Financial disclosures tie Trump and family members to about $500 million from the WLFI token sale. AIFC shares fell from $8.97 on Aug. 8 to $0.66, while the firm’s 7.3 billion WLFI tokens bought at $0.20 were shown trading around $0.057 on June 8.

U.S. stocks fell on Tuesday, with the S&P 500 down 0.9%, the Nasdaq Composite off 1.8%, and the Dow Jones Industrial Average lower by 84 points. The pullback was led by chip names, as the iShares Semiconductor ETF sank nearly 6% and dragged technology shares lower even as oil slipped to around $86 a barrel.

Arthur Hayes argues that rising oil prices could push Donald Trump to campaign against AI companies to appease voters worried about inflation, a shift he says could hit stocks, banks, and Bitcoin simultaneously. He also says AI has absorbed much of new dollar liquidity since late 2022 through debt-funded buildouts, leaving less capital for BTC while mega AI IPO supply and higher energy costs raise downside risks.

Bitcoin fell below $60,000 on Friday, hovering around $59,911, down about 6% on the day and 18.7% over the week. Ethereum dropped 23% to roughly $1,555 and Solana fell 22% to about $63.75 as stronger U.S. May jobs data lifted Treasury yields and rate-hike odds, while traders also focused on Strategy's next Bitcoin move.