Happy Tuesday. U.S. stocks started on strong footing, but gave up their day gains after President Donald Trump indicated that attacks on Iran could resume after the country apparently targeted a U.S. helicopter. Nonetheless, the Dow and Russell 2000 managed to claw out of intraday declines.
Elon Musk's SpaceX is chasing one of the biggest initial public offerings (IPOs) in history, but what can investors expect from the company as it seeks out a nearly $2 trillion valuation? CEO Elon Musk offered a preview of some of the company's most ambitious, and seemingly impossible, efforts in recent commentary. It comes as the company's IPO is now said to be more than 4x oversubscribed, reflecting fairly light demand by large listing standards.
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