SpaceX to Pursue 2026 IPO Raising Above $30B, Investors Await Fed | The Opening Trade 12/10

Stocks were broadly mixed and largely muted as investors awaited the Federal Reserve's December rate decision. Meanwhile, JPMorgan stocks fell as much as 5% in New York, after the global banking giant unveiled higher-than-expected costs for next year.

Bloomberg had learned that SpaceX is moving ahead with plans for an initial public offering that would seek to raise significantly more than $30 billion. The Elon Musk-led company is targeting a valuation of about $1.5 trillion for the entire company, which would leave SpaceX near the market value that Saudi Aramco established during its record 2019 listing.

The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards and Guy Johnson.

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