Key Takeaways
- SpaceX (SPCX) priced a massive $25 billion inaugural bond offering with demand reaching nearly $89 billion, marking one of the largest corporate debt sales of the year.
- Cboe Global Markets (CBOE) officially launched Cboe Predicts, a new prediction markets platform, debuting binary options on the Mini-S&P 500 Index (XSP).
- FedEx (FDX) issued a bullish FY2026 forecast with up to 20% EPS growth and announced it will begin passing U.S. tariff refunds to customers in August.
- Cerebras Systems (CBRS) disappointed investors with an annual sales forecast that failed to meet high expectations for rapid AI market gains.
SpaceX Secures $25 Billion in Landmark Debt Offering
Following its record-breaking IPO, SpaceX (SPCX) has successfully priced its inaugural $25 billion bond offering. The deal was structured across five tranches of senior unsecured notes with maturities ranging from 2031 to 2056 and coupons between 5.350% and 6.650%.
The offering attracted overwhelming investor interest, with orders reportedly peaking near $89 billion. Proceeds from the sale, expected to settle on June 26, 2026, will be used to repay an outstanding bridge loan and fund general corporate purposes, including the company's capital-intensive AI and Starlink expansion.
Cboe Enters Prediction Markets with "Cboe Predicts"
Cboe Global Markets (CBOE) has launched Cboe Predicts, a regulated platform for event-based trading. The debut features XSPBW and XSPBX binary options tied to the Mini-S&P 500 Index, allowing traders to take "yes-or-no" positions on market outcomes.
The contracts are currently available through Interactive Brokers (IBKR), with a rollout on Charles Schwab (SCHW) expected in the coming months. Cboe also plans to introduce XSP vertical spreads through its proprietary Quoted Spread Book (QSB) framework to simplify complex derivatives for retail investors.
FedEx Forecasts Strong Growth and Tariff Payouts
FedEx (FDX) reported strong fourth-quarter results and provided an optimistic outlook for FY2026, projecting earnings per share (EPS) growth of up to 20%. The company is benefiting from a multi-year transformation strategy and the recent spin-off of its freight unit.
In a move to support its client base, FedEx announced it will begin passing U.S. tariff refunds back to customers starting in August 2026. This follows a major federal ruling regarding import taxes, with the company opting to share a portion of the multi-billion dollar refund pool.
Cerebras Systems Sales Outlook Misses the Mark
Newly public AI chipmaker Cerebras Systems (CBRS) saw its shares under pressure after issuing an annual sales forecast that fell short of analyst expectations. While the company continues to grow, investors were hoping for more aggressive gains in its competition against Nvidia (NVDA).
Analysts noted that while Cerebras' "wafer-scale" technology remains a formidable alternative for AI inference, the company's hardware revenue is expected to face headwinds in 2026. The market is now closely monitoring whether its Cloud & Services segment can offset the slower-than-expected hardware adoption.
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications.