SpaceX launched its roadshow June 4 for a record $75 billion IPO — the largest in history, ~2.5x Saudi Aramco's 2019 record — pricing at $135/share (ticker: SPCX, Nasdaq) for a ~$1.77T market cap. The public float is just 4.2%, insiders retain 95.8%. Trading begins June 12.
Broadcom $AVGO fell 15% on June 4 — its worst day since January 2025 — after Q3 AI chip guidance of $16B missed the $17.2B analyst estimate by $1.2B. Q2 FY2026 revenue of $22.19B and non-GAAP EPS of $2.44 both beat consensus, and full-year AI semiconductor guidance was left unchanged at 'in excess of $100B,' disappointing a market that had priced in a raise.
Ulta Beauty reported fiscal Q1 diluted EPS of $7.74, up 15.5% and above the $6.86 estimate cited by Reuters. Net sales rose 11.1% to $3.164B, and FY2026 EPS guidance increased to $28.36-$28.80.
Palo Alto Networks reported fiscal Q3 revenue of $3.002B, up 31% and above the $2.94B consensus cited by CNBC. The company lifted FY2026 revenue guidance to $11.415B-$11.425B as NGS ARR reached $8.1B.
Abivax $ABVX fell more than 30% after investors focused on cancer-case details in Phase 3 ABTECT maintenance data, despite placebo-adjusted clinical remission rates of 39.3% and 40.3% for 25 mg and 50 mg obefazimod. The company still targets an FDA NDA submission in late Q4 2026.
Victoria’s Secret $VSXY rose about 40% after Q1 adjusted EPS of $0.60 beat its $0.20-$0.30 guide and net sales rose 15% to $1.560B. The retailer raised FY2026 net-sales guidance to $7.030B-$7.130B and adjusted operating-income guidance to $550M-$580M.
Hewlett Packard Enterprise rose about 30% after fiscal Q2 revenue reached $10.7B, up 40% year over year, and non-GAAP EPS of $0.79 topped the company outlook. The company also raised FY26 revenue growth guidance to 29%-33% and free-cash-flow guidance to at least $3.5B.
$6.8B of equity value and an $8.5B enterprise value put Taylor Morrison $TMHC inside Berkshire Hathaway at $72.50 a share. The cash offer is 24% above the May 29 close of $58.50 and clears the Tier-1 M&A threshold.
The SEC proposed rescinding its 2024 climate-disclosure rules in full, opening a 60-day comment period after Federal Register publication. The action would remove greenhouse-gas, climate-risk and severe-weather disclosure mandates from registration statements and annual reports if finalized.
Kohl's $KSS rose 20% after Q1 FY2026 net sales fell 1.7% to $3.0B but comparable sales declined only 1.1%, the retailer's best trend in more than four years. The company affirmed FY2026 adjusted EPS guidance of $1.00-$1.60 and reported inventory down 8% year over year.
Best Buy $BBY climbed 15% after Q1 FY2027 comparable sales increased 2.0%, revenue reached $8.936B, and diluted EPS rose 38% to $1.31. The retailer reiterated FY2027 adjusted EPS guidance of $6.30-$6.60 and named Jason Bonfig as incoming CEO effective November 1, 2026.
Okta $OKTA rose 8% after Q1 FY2027 revenue grew 11% to $765M and remaining performance obligations increased 16% to $4.719B. The identity-software company guided FY2027 revenue to $3.185B-$3.205B and free cash flow to $855M-$885M.