S&P 500 Hits 7,400 as SpaceX IPO Speculation Grows

The S&P 500 has crossed the 7,400 mark for the first time, reflecting a 27% increase over the past year, according to BeInCrypto. This surge is driven by a narrow rally, with AI-related stocks at the forefront. Meanwhile, SpaceX is preparing for an IPO, potentially in summer 2026, with valuations speculated to reach trillion-dollar levels. The options market shows a divergence, with individual stock call volumes nearly double put volumes, while index-level puts are more active than calls. This suggests a shift in risk appetite, with broader hedging demand rising. Crypto markets, having already experienced a leverage reset, may react first to any equity correction.