Daily Recap

Thursday, 21 May 2026

Markets are tracking a fresh burst of listing activity, led by SpaceX’s blockbuster IPO filing, a deal that could value Elon Musk’s rocket and satellite giant at roughly $1.25 trillion and rank among the biggest public offerings in U.S. history, even as reports note continuing losses. Elsewhere in the IPO pipeline, smart-ring maker Oura and crypto firm Blockchain.com have both filed confidentially for U.S. listings, underscoring renewed appetite for tech, wellness, and digital-asset names testing public markets. In fund news, YieldMax declared weekly payouts across nine option-income ETFs, with the largest distributions tied to products linked to DraftKings and Reddit, highlighting ongoing demand for high-yield, strategy-driven retail products. Beyond markets, Washington also made a notable policy reversal, lifting sanctions on U.N. expert Francesca Albanese, a move likely to draw attention across diplomatic and advocacy circles.

Recap for Thursday, 21 May 2026

Photos from today's Business coverage
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