Business

Stock Market Adjustments Ahead of SpaceX IPO

Updated 2026-06-10 13:55 UTC 1 source Neutral

A financial firm is trimming its stock portfolio to increase cash reserves ahead of potential volatility in the market, particularly related to SpaceX's upcoming initial public offering (IPO).

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CNBC

We're trimming another stock to increase cash ahead of any SpaceX IPO volatility

We're making our fourth sale this week to bring our cash position close to 12%, in preparation for what we expect will remain a volatile market ahead.

2026-06-10 13:35 UTC