Could SpaceX, Gold, NAS100 fall today? Watch the new Fed Chair!

ICYMI, SpaceX has now pipped Amazon to become the 5th biggest stock in the world!

Now with a market cap (how much markets value a company) of US$2.656 trillion, here's where it stands among the most valuable public companies:

^{(market cap as of US market close on Tuesday, June 16)}

1) Nvidia: US$ 5 trillion

^{(2025 revenue: $215.9 billion)}

2) Apple: US$ 4.4 trillion

^{(2025 revenue: $416.2 billion)}

3) Alphabet: US$ 4.22 trillion

^{(2025 revenue: $402.8 billion)}

4) Microsoft: US$ 2.93 trillion

^{(2025 revenue: $281.7 billion)}

5) SpaceX: US$ 2.656 trillion

^{(2025 revenue: $18.7 billion)}

6) Amazon: US$ 2.646 trillion

^{(2025 revenue: $742.8 billion)}

SpaceX’s position among the world’s most valuable companies is that much more remarkable considering how much its revenue pales in comparison to the other tech titans (see revenue figures listed above).

^{COMPARE how much the above-listed companies’ market caps have changed since we last ranked them on June 9th.}

Since its IPO (initial public offering) last Friday, June 12th, SpaceX has soared 49.5%!

SpaceX’s share prices have now broken above all of the forecasted prices in shadow markets ($152 - $182), as cited in our June 12th report.

SpaceX was even briefly valued at US$ 3 trillion, temporarily surpassing even Microsoft’s market cap, after a short squeeze prompted the former’s tokenised stocks to breach $228.

However, note that SpaceX price charts have gone sideways in recent hours.

The same can be noted for other major assets, which are showing limited price moves at the time of writing:

• Gold (XAUUSD+): -0.1%, hovering around $4330

• NAS100: +0.8%, attempting to pare losses from yesterday (Tuesday, June 16)

^{NOTE: NAS100 also included in this week’s “3 Assets to Watch (June 15-19)” – published Monday, June 15.}

Why are major assets little changed now?

Markets are keenly awaiting the upcoming Fed rate decision due 6:00 PM UTC today (Wednesday, June 17).

^{DECODE: The Federal Reserve a.k.a. The Fed is the world’s most influential central bank.}

^{At scheduled meetings that occur about 8 times a year, policymakers at the US central bank decide what to do with interest rates (hike/cut/hold).}

Markets widely expect the Fed to keep its rates unchanged today.

As things stand, markets have slightly lowered their expectations for a Fed rate hike in 2026, now down to 84% odds, versus the 100% certainty this time last week (Monday, June 8th).

Those lowered odds for a Fed rate hike have helped the latest rebound in risk assets of late (stocks, cryptos, etc.)

Watch the new Fed boss

Also, as highlighted in our Market Pulse report published Monday, June 15th:

The mid-week Fed rate decision, featuring Kevin Warsh’s first FOMC meeting as Fed Chair, makes it arguably the must-watch event of the week.

^{READ MORE (published May 15th): What to expect from Fed Chair Kevin Warsh? How will Chair Warsh impact markets?}

And here’s how Chair Warsh could impact markets today (Wed, June 17), and even set the stage for markets over the coming weeks leading up to the next Fed rate decision (due July 29th):

Potential Scenarios

Watch Warsh’s first press conference as Fed Chair starting 6:30PM UTC time today (Wed, June 17):

• Major assets such as stocks, indexes, precious metals, even cryptos could get a boost if markets lower bets for a Fed rate hike in 2026.
  Such expectations may build if Chair Warsh aligns the Fed (in particular the Federal Open Market Committee – FOMC) towards staving off rate hikes for the rest of this year, or even potentially leave the door open for a rate cut if US inflation subsides, especially now with oil prices erasing much of their post-Iran war gains.

• Major assets such as stocks (including SpaceX), indexes (e.g. NAS100), precious metals (e.g. Gold), and even cryptos (BTC, ETH, SOL etc.) could tumble if markets ramp up bets for a Fed rate hike in 2026.
  Such expectations may build if Chair Warsh aligns with other more “hawkish” FOMC officials who are leaning towards a rate hike to try and calm down US inflation.

Forecasts: How major assets may react to the Fed today?

These are the forecasted price reactions, in % terms, for the 6 hours after the Fed’s rate decision is unveiled at 6:00PM UTC on Wednesday, June 17:

• Bitcoin (BTC): as much as 0.5% up / 1.1% down

• Ethereum (ETH): as much as 1.6% up / 2.3% down

• Ripple (XRP): as much as 1.3% up / 2.2% down

• Solana (SOL): as much as 2.1% up / 2.4% down

• Gold (XAUUSD+): as much as 2% up / 1.4% down

• Silver (XAGUSD): as much as 3% up / 2% down

• Brent Oil (UKOUSD): as much as 2% up / 0.5% down

• WTI Crude Oil (USOUSD): as much as 2.3% up / 0.5% down

• EURUSD+: as much as 0.2% up / 0.55% down

• GBPUSD+: as much as 0.22% up / 0.46% down

• USDJPY+: as much as 0.46% up / 0.3% down

• Dow Jones Industrial Average (DJ30): as much as 1.3% up / 0.9% down

^{NOTE: DJ30 index little changed at time of writing, holding around its all-time intraday high of 52,312.50 set yesterday (Tuesday, June 16).}

• S&P 500 (SP500): as much as 0.6% up / 0.9% down

• Nasdaq 100 (NAS100): as much as 1.1% up / 1.5% down

TAP HERE for forecasted upside/downside price targets for NAS100, GBPUSD+, and Solana (published Monday, June 15th – “3 Assets to Watch”).

DISCLAIMER:

This article is provided for general information and reflects the author’s views only. It does not constitute investment advice, nor an offer or solicitation to buy or sell any financial instruments or digital assets. Your ability to access or use any products or services mentioned may be subject to the laws and regulatory requirements of your jurisdiction.