Giga-IPOs are a symptom of public markets’ giga-problem

President Donald Trump backed the Commodity Futures Trading Commission as the sole regulator of prediction markets, siding with the agency amid a growing legal fight with states over the multibillion-dollar industry.

FTSE Russell adopted a rule change that will speed the addition of newly listed large-cap companies to its main indexes, weeks ahead of SpaceX’s expected record-breaking initial public offering.

With SpaceX headed for the public markets next month, industry experts and people close to Elon Musk are speculating about a potential tie-up with Tesla.

Shares of MSG Sports have climbed 39% this year and are up 88% over the last 12 months. And that was before the Knicks made it to the NBA Finals.