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BlockBeats News, June 3rd, when SpaceX announced its IPO underwriters, JPMorgan was not among them. However, bearish investors and some senior executives at JPMorgan see this as a rare opportunity. Insiders revealed that hedge funds that did not invest in SpaceX are reaching out to JPMorgan to inquire about the possibility of shorting SpaceX after its market debut. As the largest U.S. investment bank that did not participate in SpaceX's IPO, JPMorgan is now in a unique favorable position to arrange these trades. A total of 23 banks are involved in the SpaceX IPO, covering most of Wall Street's giants. The SpaceX IPO is expected to take place on June 12th, with the stock symbol SPCX. SpaceX announced today that it plans to set the initial public offering (IPO) price at $135 per share, with approximately 5.556 billion shares to be issued, raising as much as $75 billion, corresponding to a company valuation of around $1.75 trillion. If successful, it will be one of the largest IPO projects in global capital market history. Currently on trade.xyz, the SPCX Pre-IPO price is reported at $189, corresponding to a post-listing valuation of $2.25 trillion, a 28.5% premium over the IPO price.

The Nasdaq Index has just broken through the 26,900.00 mark, last quoted at 26,899.88, down 0.72% on the day.

According to ChainCatcher, Cointelegraph reports that the EU's Markets in Crypto-Assets Regulation (MiCA) transition period will end on July 1, 2026. The European Securities and Markets Authority (ESMA) stated that, at that time, crypto asset service providers who have not obtained MiCA authorization—even if their application is still under review—will not be allowed to continue providing services to EU customers and should initiate business winding-down and customer migration arrangements.