Breakfast News: Investors Bet Big On SpaceX Launch

Breakfast News: Investors Bet Big On SpaceX Launch

June 12, 2026

| Thursday's Markets | | --- | | S&P 500 7,394 (+1.75%) | | Nasdaq 25,810 (+2.54%) | | Dow 50,849 (+1.86%) | | Bitcoin $63,424 (+2.62%) |

Source: Image created by Jester AI.

1. SpaceX Set to Open Higher on IPO Debut

Early shadow market trading indicates the **SpaceX **(SPCX 0.99%) stock price could surge at least 35% after the market opens today, with retail investors alone submitting more than $100 billion in orders at the Thursday deadline, as final indications imply strong appetite for the company.

• All 555,555,555 shares sold at $135 apiece: The WSJ reports BlackRock (BLK +1.27%) put in an order to buy at least $5 billion worth of stock, with a separate family office alone requesting $1 billion. Polymarket traders have assigned a 70% probability of the stock closing above a $2 trillion market cap today.
• "Space is hot right now for the same reason tech software got hot in the late 1990s": Fool contributing analyst Lou Whiteman explained, "as the cost comes down, things that weren't practical due to expense just a few years ago become feasible. And entrepreneurs are likely to think of all-new ways to use space that wouldn't have been possible when costs were higher."

2. Nvidia Opens Vera CPU Orders in China

Reuters reports **Nvidia **(NVDA +0.38%) has informed Chinese clients of pending availability of Vera CPUs, with AI processor orders to be available as soon as August.

• The Chinese market once accounted for over 20% of Nvidia's data center revenue: The move would aim to kick-start China sales and provide an alternative from the stalling progress on the powerful H200 chip, with reported demand for the Vera processors according to domestic sources.
• "Their local ecosystem of chip companies are doing quite well, because we've evacuated that market": Speaking in late May, Nvidia CEO Jensen Huang explained how China had large demand, but tight U.S. chip export restrictions meant the _Stock Advisor _Foundational Stock had largely conceded it.

3. ADBE, LEN, and RH Earnings Disappoint

• Adobe (ADBE 0.75%) fell around 5% ahead of the market open after the sudden departure of its CFO, Dan Durn, overshadowed a strong quarterly earnings beat. In the short term, the Team Rule Breakers recommendation expects revenue pressure as it focuses on a "freemium" model.
• RH (RH 0.05%) dropped about 1% in pre-market trading following a mixed bag of results. Also recommended by Team Rule Breakers, revenue for the quarter fell by 1.7% versus the same period last year, although management raised the full-year outlook based on opening new galleries.
• Lennar (LEN 0.64%) moved over 2% lower before the opening bell, pointing to "elevated mortgage rates and cautious consumer sentiment" in the quarterly earnings report as a factor in the 31% drop in earnings per share.

4. Rocket Lab Pops on Nasdaq 100 Promotion

The quarterly Nasdaq 100 rebalance sees Rocket Lab (RKLB 7.33%) promoted alongside four others, with Zscaler (ZS +2.21%) a notable removal. All changes take effect prior to the market open on Monday June 22.

• Rocket Lab pops around 6% in pre-market trading: The news carried the promoted stocks higher overnight, with the _Stock Advisor _rec by Team Hidden Gems now up an impressive 122% since the July 2025 selection.
• Rotation shows current market winners and losers: The rebalance shows the investor pivot toward AI infrastructure and cloud computing, replacing more mature consumer-facing telecoms and older software firms.

5. Your Take

How are you playing the space economy theme, if at all? Pure plays like Rocket Lab? Diversified aerospace like Boeing (BA +3.55%)? Component suppliers like the ones serving SpaceX? Or are you sitting it out?

Debate with friends and family, or become a member to hear what your fellow Fools are saying!