SpaceX eyeing public market: it could be ‘the IPO of the year', says Teresa Rivas

Market Overview - The market has experienced volatility, likened to the "Three Stooges," with tech stocks fluctuating significantly due to AI developments and inflation data [2][3] - The Consumer Price Index (CPI) indicated positive inflation trends, but concerns about data accuracy arose due to the government shutdown [3] - Unemployment rose to 4.6%, but this figure may be overstated, suggesting a more favorable employment situation [3] Job Market Insights - Jobless claims have shown a slight dip, providing a reliable indicator amidst other fluctuating data [4] - The overall market sentiment suggests a flat trajectory for December, with alternating good and bad news days expected [5] IPO Market Developments - Medline's IPO was the largest of the year, raising over $6 billion and marking the biggest IPO since Rivian in 2021, with a stock price increase of 40% [6] - Anticipation surrounds SpaceX's potential IPO, with speculation about a valuation of $1.5 trillion, although no timeline has been established [7][8] Cannabis Industry Updates - The signing of an executive order by President Trump reclassifies marijuana from a Schedule I to a Schedule III drug, allowing companies to deduct business expenses, potentially boosting cash flows by up to $150 million [11][12][13] - Despite initial stock price increases, marijuana stocks experienced a decline following the executive order, indicating a "buy the rumor, sell the news" scenario [11][14] - Many cannabis companies are involved in both farming and distribution, which may impact their operational strategies moving forward [15]