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 4.51%) 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 +1.59%) 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 +3.90%) 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 +0.50%) 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 1.82%) 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 +0.50%) 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 1.96%) promoted alongside four others, with Zscaler (ZS 5.28%) 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 0.37%)? 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!