The Weekly Wrap – June 13th, 2026
from The Daily Wrap Hosted by Finextra Pro
The week's main event was the historic initial public offering of SpaceX, which raised a record $75 billion and officially made founder Elon Musk the world's first trillionaire. This occurred against a backdrop of high inflation, driven by the Iran conflict, which prompted an interest rate hike from the European Central Bank and created a challenge for the new U.S. Federal Reserve chairman. Elsewhere, the AI race intensified as OpenAI filed for its own IPO and infrastructure companies landed major deals, while software giants like Apple and Adobe disappointed investors with their latest strategies. A news podcast encapsulating the most salient market news, brought to you by Finextra Pro and powered by Communify. Open Finextra Pro now!
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The week's main event was the historic initial public offering of SpaceX, which raised a record $75 billion and officially made founder Elon Musk the world's first trillionaire. This occurred against a backdrop of high inflation, driven by the Iran conflict, which prompted an interest rate hike from the European Central Bank and created a challenge for the new U.S. Federal Reserve chairman. Elsewhere, the AI race intensified as OpenAI filed for its own IPO and infrastructure companies landed ...
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