SpaceX to Pursue 2026 IPO Raising Above $30B, Investors Await Fed

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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.

Chapters:
00:00:00 – The Opening Trade
00:01:43 – Will Change ‘Bad’ Fed Head: Trump
00:04:14 – Fed Rate Decision
00:06:34 – JPMorgan Stock Dips
00:08:12 – SpaceX IPO Set to be Largest Ever
00:11:05 – Western Alliance No Longer Exist: Merz
00:11:38 – Australia Social Media Ban
00:15:57 – Fed Guidance for a January Cut
00:21:20 – Divided Fed Expected to Cut Rates
00:25:48 – Lucid Group CEO Mark Winterhoff
00:40:18 – HSBC CEO on Restructuring
00:43:08 – The Hawkish Risk Is in the US, Not Europe: MLIV
00:47:49 – Stocks to Watch: Anglo American, Miners, Banks
01:05:24 – JPMorgan Stock
01:08:29 – AI’s Effect on the Job Market
01:16:03 – Vertical Aerospace Domhnal Slattery
01:27:45 – Australia Social Media Ban
01:34:03 – Fed Rate Cuts in 2026
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