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SpaceX Files $1.25 Trillion IPO Amid Market Rally

5/24/2026

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Story summary
  • SpaceX filed for a $1.25 trillion IPO that could raise $75 billion, with Goldman Sachs as lead and fees $900 million.
  • The S&P 500 rose 0.9% to 0.4% below May 14 record of 7,501.
  • Oil fell below $100 while the 30-year Treasury yield slipped from 2007 high.
  • President Donald Trump said United States was in the final stages of Iran peace talks.
  • Nvidia beat forecasts, raised price target to $260, yet stock dropped 2.6%.