5 Things to Watch on
June 12, 2026

Stocks are up more than +0.2% in premarket trading as investors price in a potential U.S.-Iran agreement and prepared for SpaceX's (SPCX) IPO, priced at $135 per share with a valuation of roughly $1.77T in what would be the largest public offering ever. The U.S. and Iran are moving closer to a deal that could reopen the Strait of Hormuz, with world leaders set to gather at the G7 summit in Evian, France, next week.

SpaceX is raising $75B in its IPO, pricing 555.6M shares at $135 each and valuing the company at $1.77T, the seventh most-valuable in the U.S. and ahead of Tesla (TSLA). Elon Musk will control roughly 80% of shareholder voting rights while also serving as CEO, CTO, and board chairman. Once shares begin trading today, Musk's net worth is projected to exceed $1.1T, making him the world's first trillionaire, roughly three times the net worth of the next wealthiest person.

SK Hynix (HXSCL) has chosen the Nasdaq over the New York Stock Exchange for its planned U.S. market debut, with a listing targeted as early as August. HXSCL's shares have surged +230% year-to-date on the Korea Exchange, and the U.S. listing is expected to broaden its investor base and raise its global profile. The move would add HXSCL to a lineup that already includes Nvidia (NVDA), Amazon (AMZN), Microsoft (MSFT), and Alphabet (GOOGL), cementing Nasdaq 's status as the destination of choice for the world's largest tech names.

Flutter Entertainment (FLUT), owner of FanDuel, is delisting from the London Stock Exchange (LSE) effective August 3, completing a full pivot to its NYSE primary listing established two years ago. Management cited low trading activity on the LSE and the added cost and regulatory burden of maintaining a dual listing. The move is the latest in a string of high-profile exits from London, as companies increasingly favor U.S. markets for better liquidity and valuations.

Shell (SHEL) signed five energy agreements with Venezuela yesterday, including a stake in the 7 Tcf Loran offshore gas field, moving SHEL to the top of state oil company PDVSA's partner list. The deals build on preliminary agreements from earlier this year, with Loran and the nearby 4.2 Tcf Dragon field expected to enable Venezuela's first offshore gas exports, initially supplying Trinidad for LNG processing. BP (BP) is separately set to join Loran and the neighboring Cocuina-Manakin project under April agreements.