Monday market update - the big events impacting your portfolio this week📈📈 1. SpaceX ($SPCX) had a successful market debut on Friday. Shares finished 19% higher to reach a market capitalisation of US$2.1T, making it the sixth biggest firm on Wall St. 2. RBA rate call: On Tuesday, the Reserve Bank of Australia (RBA) will meet to decide whether to change the cash rate. So far this year, the central bank has raised rates three times. 3. Fed rate call: On Wednesday (ET), the Federal Reserve will have its first interest rate meeting under new Chair Kevin Warsh. It follows stronger than expected jobs data for May. 4. Wall St earnings: Mutiple Wall St companies are reporting earnings this week, including: Accenture ($ACN), Jabil ($JBL), Kroger ($KR) and La-Z-Boy ($LZB). 5. ASX firms going ex-dividend: Select Harvests ($SHV), WAM Active ($WAA), AFT Pharmaceuticals ($AFP) and Fisher & Paykel Healthcare ($FPH).

SpaceX ($SPCX) has officially landed on Wall St in a record breaking debut. First session closed at US$160.95, up 19% from its US$135 offer price, for a market value of around US$2.1T. That makes SpaceX the sixth biggest company on Wall St and minted CEO Elon Musk as the world’s first trillionaire, before the rest of us had breakfast. We put it under the spotlight: hellostake.com/au/blog/under…

Weekly update -- what's happening this week? 👀 1. SpaceX IPO. It's a big deal. 2. Wall St earnings. Oracle ($ORCL) reports Wednesday and Adobe ($ADBE) Thursday, giving investors fresh reads on AI cloud demand, software growth and whether AI is translating into revenue. 3. OpenAI files. @OpenAI said it has confidentially filed with the U.S. Securities and Exchange Commission to pursue an IPO. It follows Anthropic’s filing last week. 4. WWDC 2026. Apple's ($AAPL) Worldwide Developers Conference (WWDC) kicked off on Monday, and the firm announced new features and upgrades, including a long-awaited update to Siri AI. 5. Inflation read. China's May CPI figure is out Wednesday, testing demand signals for commodities and miners. U.S. CPI also lands overnight Wednesday, giving a read on the Fed's next cash rate decision. 6. Big deals. SpaceX signed a cloud deal with Alphabet ($GOOGL), Nvidia ($NVDA) and SK Hynix penned a multi-year agreement and Intel ($INTC) is reportedly in talks with Nvidia and Alphabet. 7. Not invited. Semiconductor firm Marvell ($MRVL) is set to join the S&P 500 on 22 June. S&P Global also said SpaceX ($SPCX) will not be fast-tracked into the index after its planned IPO this Friday.

Platform update: Pattern Day Trading rules are now retired. This means the minimum equity requirement and day trade limits no longer apply when trading on Stake.

Scheduled maintenance update: We'll be making some platform updates tonight between 5pm and 8pm (AEST). You may notice temporary disruptions to your holdings or when accessing Stake AUS.

SpaceX is likely going public on 12 June under the ticker $SPCX. It’s targeting a US$1.75T valuation after pulling just US$18.78B. Is that a reasonable valuation? Maybe not for a rocket company, but SpaceX is more than that now. We break down the 6 things you might have missed from the IPO filing. hellostake.com/au/blog/the-w…

Monday update -- what's happening this week? 👀 1. Oil prices hit a two-week low on Monday after Trump said the U.S. and Iran had 'largely negotiated a peace deal to reopen the Strait of Hormuz. 2. Australia’s key inflation data for April is out Wednesday, while U.S. Core PCE Price Index figures – the Fed’s preferred inflation gauge – are due Thursday along with GDP. 3. U.S. earnings -- Dozens of U.S. firms are reporting this week, including Marvell ($MRVL), HP ($HPQ), Salesforce ($CRM), Snowflake ($SNOW), Costco ($COST) and Dell ($DELL). 4. South Korea's market rally isn't showing signs of slowing, with the KOSPI Index up 82% YTD. That's largely been driven by memory chip firms, including Samsung and SK Hynix. 5. U.S. holiday Heads up: Wall Street is closed Monday for Memorial Day, so liquidity may be thinner globally early in the week. The London Stock Exchange (LSE) is also closed.

Heads up: We’re making some platform updates on Stake. You may notice temporary disruptions to your holdings or when accessing Stake AUS from midnight tonight through to Saturday.

SkinKandy ($SK1) listed this week on the ASX. While the ASX hasn’t seen many IPOs lately, SK1’s solid first-day performance could be a sign of improving sentiment. On its first day of trading yesterday, shares rose 6.82% and closed at A$2.35. In today's session, it lifted as much as 4.58% during the morning run.