Elon Musk’s rocket company, on the cusp of the largest initial public offering ever, will soon end up in index funds after rule changes by Nasdaq and other index providers.

Together, the revisions added 93,000 more jobs than previously reported, reinforcing the picture of a labor market that has remained resilient despite concerns about slowing economic growth. Wall Street is pointing mostly lower ahead of Friday's May jobs report,

SpaceX's IPO business brings both prestige and lucrative fees to the banks. Both Goldman Sachs and Morgan Stanley updated their lobbies to celebrate.

Morgan Stanley is projecting that SpaceX's revenue could reach $3.4 trillion in 2040, the Wall Street ​Journal reported on Friday, citing people familiar with ‌the matter.

SpaceX CEO Elon Musk on Thursday outlined that the company’s Starlink satellite internet service’s low-Earth-orbit constellation had over 10,000 satellites. 10,000 Satellites In Orbit Quoting a post by SpaceX on the social media platform X,

Jamie Dimon seems to be compelled by more than a payday here. The size of the SpaceX IPO makes it a pivotal moment for Wall Street, and with offerings from Anthropic and OpenAI due up later this year, it's key that SpaceX find sufficient demand.

By Tatiana Bautzer NEW YORK, June 4 (Reuters) - Wall Street banks are competing to offer special events for wealthy clients trying to get a piece of the SpaceX IPO, with Bank of America and JPMorgan hosting splashy events ahead of its launch next week and some bank CEOs involved in the action.