SpaceX's $1.77 trillion IPO faces valuation scrutiny amid massive spending and losses, while global economic growth weakens due to Iran conflict and inflation surges to three-year highs.

SpaceX is preparing for a blockbuster IPO valued at $1.77 trillion, but skeptics question whether the rocket company can justify its valuation given it is spending heavily while losing money and CEO Elon Musk admits he 'cannot predict' when the venture will become profitable.

Global economic growth is slowing significantly due to the Iran-US conflict, with the World Bank warning that the war is the worst hit to the global economy since COVID-19 and could force dozens of developing nations into years of economic stagnation if prolonged.

Inflation has accelerated to 4% for the first time in three years, driven primarily by surging energy prices from the Iran conflict, with Americans experiencing particularly steep increases in everyday items like produce and baked goods.

The new Federal Reserve chief Kevin Warsh faces pressure to potentially raise interest rates despite President Trump's preference for lower borrowing costs, as inflation hits a three-year high and economic conditions shift.

Early SpaceX shareholders including Justin Fishner-Wolfson, who amassed company shares over 15 years, stand to receive multibillion-dollar windfalls from the IPO, benefiting from investor faith in Elon Musk stemming from Tesla's successful 2010 listing.

Democrats are proposing to increase the excise tax on corporate stock buybacks from 1% to 4%, targeting companies that repurchase their own shares as lawmakers seek new revenue sources.

The Trump administration is suggesting health insurers offer loans to Obamacare consumers who cannot afford higher deductibles, as one-third of Americans carry medical debt and healthcare affordability remains a critical economic issue.

Intel's stock has gained significantly this year and is described as 'underowned' in investment funds, with Bank of America suggesting further upside as institutional ownership expands despite the company facing challenges in the competitive semiconductor market.

Oracle's stock is experiencing its worst quarterly performance in 25 years as investors debate the company's massive $95 billion spending plan on AI infrastructure and worry about physical bottlenecks in data-center delivery capabilities.

SpaceX IPO hype is creating significant fear-of-missing-out (FOMO) among investors, but financial analysts warn that older investors near retirement should be especially cautious given the stock's expected 'extreme' volatility despite bullish long-term sentiment.