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[SpaceX Executive Downplays Risk of Employees Leaving After IPO] SpaceX's IPO is expected to make many employees a small fortune, with some potentially reaping huge sums. Employees have been consistently buying SpaceX stock, even when its value was f

2026-06-12

[SpaceX Executive Downplays Risk of Employees Leaving After IPO] SpaceX's IPO is expected to make many employees a small fortune, with some potentially reaping huge sums. Employees have been consistently buying SpaceX stock, even when its value was far below the IPO price of $135 per share. However, SpaceX President Gwen Shotwell downplayed the notion that many employees would cash out and leave once they saw the increased wealth from the IPO in their brokerage accounts. In a CNBC interview released Friday, she stated, "SpaceX already has many very wealthy employees, but they are still working. Those who don't want to work shouldn't be at this company anyway."

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2026-06-12

Capital Economics economist Ruth Gregory said in a note that while July or September hikes cannot be ruled out, the Bank of England is likely to keep policy rates unchanged this year. April real GDP contracted, suggesting the strong start to the year

Capital Economics economist Ruth Gregory said in a note that while July or September hikes cannot be ruled out, the Bank of England is likely to keep policy rates unchanged this year. April real GDP contracted, suggesting the strong start to the year is losing momentum and should limit inflationary pressure. Rising energy prices are eroding real household incomes; she expects the economy to stagnate this quarter and next. Services are bearing the main impact from the Iran war, and industrial production may weaken from May as the temporary inventory-led boost reverses. Conditions for sustained high inflation are not in place.
2026-06-12

Spot gold rose above $4,170/oz, gaining 2.44% on the day.

Spot gold rose above $4,170/oz, gaining 2.44% on the day.
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