5 Things to Watch on
June 9, 2026

Stocks are up more than +0.5% in premarket trading, led by a continued recovery in tech, as SpaceX (SPCX) prepares to go public this Friday with a target price of $135. Oil prices eased after Iran and Israel signaled a halt to hostilities following an appeal from President Trump, though prediction markets still place a 66% chance that Strait of Hormuz traffic remains below normal through 2027.

OpenAI today filed a confidential S-1 with the SEC, following Anthropic's similar filing last week, as the AI sector's pipeline of landmark public debuts continues to build. Microsoft (MSFT)-backed OpenAI has not set a timeline, noting timing "may be a while," but the filing keeps the option open. OpenAI currently generates $25B in annualized revenue against Anthropic's $47B. Separately, SpaceX (SPCX), recently merged with xAI, plans to raise $75B at its June 12 public debut, targeting a $1.8T valuation.

Databricks, the AI data analytics platform, is in talks to raise a new funding round at a valuation above $165B, up from the $134B set in its $4B+ Series L in December. The raise could launch as soon as next month, building on existing commercial partnerships with OpenAI and Anthropic to resell AI services. CEO Ali Ghodsi recently said Databricks will eventually go public but called 2026 "a terrible year to go public."

DraftKings (DKNG) is up +1.4% in premarket trading after disclosing today that its Predictions offering saw annualized consumer volume climb +24% MoM in May to $1.3B, with total volume rising +34% MoM to $3.1B. Launched across 38 states in December, DKNG is targeting a full 50-state rollout through its super-app framework, though it still trails the prediction market's established leaders by a wide margin in monthly notional volume.

Klarna (KLAR) today launched FDIC-insured high-yield savings accounts in the U.S., offering a 3.28% APY with no minimum deposit or monthly fees. The product builds on KLAR's European savings push, where consumers have already deposited $12.3B across 11 markets, and deepens its ambition to anchor itself in Americans' financial lives beyond installment payments. CEO Sebastian Siemiatkowski called savings a natural next step for a platform already central to how millions manage daily spending.