June 16, 2026
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Shares of Elon Musk's SpaceX rose more than 10% in premarket trading on Tuesday, putting the company on course to overtake Amazon.com in market value to become the world's fifth-largest company, as it extended a post-IPO rally.
The stock was last up 10.4% at $212.50, jumping more than 57% above its $135 IPO price and giving the company a market capitalization of nearly $2.8 trillion if gains hold. Amazon's valuation, meanwhile, stands at $2.66 trillion.
"We can say with certainty that this valuation makes absolutely no sense today. People are buying SpaceX in the expectation that others will buy too and push the price higher - that's speculation," said Ipek Ozkardeskaya, senior market analyst at Swissquote Bank.
The company reported sales of $18.67 billion last year and a net loss of $4.94 billion after merging with money-losing xAI in contrast to many of Wall Street's big technology companies that have posted bumper numbers. Yahoo Finance reports.
📍 Iveda Introduces High-Precision Real-Time Location Upgrade. Stock soars in pre-market.
Iveda—a global leader in AI-driven video surveillance and smart city technologies—today unveiled a major upgrade to IvedaRTLS, its AI-powered Real-Time Location System, introducing Bluetooth Angle of Arrival (AoA) technology capable of delivering positioning accuracy as precise as 10 centimeters.
The enhanced platform is designed to allow hospitals, manufacturers, and logistics operators to reduce asset loss, improve operational efficiency, and gain real-time visibility into critical equipment and personnel, setting a new standard for precision tracking across highly regulated industries.
The platform includes anchors, tags, management software, dashboards, alarms, and API integrations to support both personnel and asset tracking.
With anchor coverage extending more than 25 meters per device and flexible configurations for indoor, outdoor, and industrial environments—including wet or exposed conditions—it is designed to deploy seamlessly across complex operational settings. Businesswire reports.
🚪 SU Group Announces Distribution Agreement with Germany's GEZE. Climbs in pre-market
SU Group Holdings Limited, an integrated security-related engineering services company in Hong Kong, today announced a distributorship agreement with Germany's GEZE, a multi-national manufacturer in innovative door, window and safety technology for Smart Buildings.
The agreement broadens SU Group's product and solutions portfolio with GEZE's extensive range of advanced building technologies, including automatic door systems, window technology, safety systems, smoke and heat extraction solutions, access control-related applications and building automation capabilities. PR Newswire reports.
🖥️ AMD and Rackspace Technology Sign Definitive Agreement. Rackspace up 23% in pre-market.
AMD and Rackspace Technology, a global enterprise AI infrastructure and solutions provider, today announced the signing of a definitive agreement for the phased deployment of an initial 30 MW footprint dedicated to AMD-based compute deployments across Rackspace's global data centers beginning in late 2026 through 2028.
The agreement operationalizes the Memorandum of Understanding announced May 7, 2026, and establishes AMD as a strategic technology partner at the silicon layer of Rackspace's governed AI stack. Globe Newswire reports.
📺 Why Is FreeCast Stock Falling Tuesday?
FreeCast Inc. stock tumbled in Tuesday’s premarket trading as investors took profits following the stock’s explosive two-day rally.
The stock soared 141.94% on Monday to close at $3.75 after the company announced an expanded distribution agreement with DIRECTV.
However, Tuesday’s pullback suggests traders quickly shifted their attention from the partnership to FreeCast’s fragile financial position and recent going-concern warning.
The decline appears to reflect profit-taking after the sharp rally.
While the DIRECTV deal fueled speculative buying, investors remain cautious about the company’s ability to sustain its operations without additional funding. Benzinga reports.
🌿 Why High Tide Shares Are Trading Higher By Around 19%
Shares of High Tide Inc rose sharply in pre-market trading after the company reported a year-over-year increase in second-quarter financial results.
High Tide reported quarterly earnings of 1 cent per share, versus a year-ago loss of 3 cents per share.
The company reported $130.731 million in sales, up from $96.939 million the same period last year.
High Tide shares jumped 19.1% to $2.68 in pre-market trading. Benzinga reports.
(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM ET). Stock Analysis reports.
1) SLBT: SL Science Holding Limited
Total gain: +269.37%
2) TDIC: Dreamland Limited
Total gain: +43.09%
3) CRE: Cre8 Enterprise Limited
Total gain: +36.19%
4) RXT: Rackspace Technology, Inc.
Total gain: +25.44%
5) CRVO: CervoMed Inc.
Total gain: +25.40%
The closing price of the top three market percent gainers trading near or above $3 on June 15.
(All pricing and percent gains are based on regular market trading hours from 9:30 AM to 4:00 PM ET) Stock Analysis reports.
1) CAST: FreeCast, Inc.
Total gain: +141.94%
The stock appeared to be moving on no notable news.
2) CUPR: Cuprina Holdings (Cayman) Limited
Total gain: +111.84%
The company announced that an indirectly wholly-owned subsidiary of the Company, Cuprina Pte. Ltd. has received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for MEDIFLY Maggots™, its medical- grade Lucilia cuprina larvae used in maggot debridement therapy (MDT). To the Company's knowledge, MEDIFLY Maggots™ is the first maggot debridement product to receive U.S. FDA 510(k) clearance using the Lucilia cuprina species. Globe Newswire reports.
3) VSME: VS MEDIA Holdings Limited
Total gain: +92.31%
The stock appeared to be moving on no notable news.
(Estimate and Actual numbers represent Earnings Per Share in US Dollars)
UXIN: Uxin
Q1 2026
Before Market Open
Estimate: N/A
Actual: -0.053
YQ: 17 Education & Technology
Q1 2026
After Market Close
Estimate: N/A
Actual: N/A
WDH: Waterdrop
Q1 2026
Before Market Open
Estimate: N/A
Actual: N/A
Time (ET) / Report / Period
8:30 AM - Import price index - May
8:30 AM - Import price index minus fuel - May
8:30 AM - Housing starts - May
“Never confuse motion with action.”
– Ernest Hemingway
Sourced in: Hemingway quotations — GoodReads.
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