The US Bureau of Economic Analysis will release the Q1 GDP second estimate and the updated PCE price index tomorrow at 8:30 a.m. ET. Meanwhile, SpaceX has accelerated its IPO timeline, targeting a blockbuster Nasdaq listing by June 12.
GDP & PCE Updates.
- Time: 8:30 a.m. ET.
- What to Expect: Traders will look at the Q1 GDP revision alongside embedded inflation data. The advance release indicated a 2.0% annualized growth rate, but the update to the Q1 PCE price index is the focal point. In the previous release, the PCE price index surged to 4.5% annualized.
- Action: Review the official release on the Bureau of Economic Analysis website.
- SpaceX IPO Timeline.
- Target Debut Date: June 12, 2026
- Listing Venue: Nasdaq, under the ticker symbol ‘SPCX’
- Details: Following a faster-than-expected SEC review, the timeline was pushed up. The company is reportedly targeting a massive $1.75 trillion to $2 trillion valuation and could raise $75 billion to $80 billion. Investor roadshows are expected to kick off around June 4.
- Context: Financial coverage and market commentary are available through Reuters and Yahoo Finance.
