<div id="readability-page-1"><div> <p>Shares of industrial and transportation companies surged after SpaceX priced its initial-public offering.</p> <p>   The rocketry and artificial-intelligence concern will sell shares at $135 apiece, as planned, making it the largest IPO on record. &#34;We're long-term believers of the company's potential as it combines unmatched launch scale, a proven monetization engine in Starlink, growing national security relevance, and long-duration optionality in AI compute and orbital infrastructure,&#34; said Tejas Dessai, director of thematic research at money manager Global X, in a note to clients. &#34;That said, valuation is likely to be viewed as rich and may already discount a meaningful share of future success.&#34; </p> <p>   Auto-parts maker Dana agreed to combine with Eaton's Mobility business in a $5.1 billion deal, aiming to create a more comprehensive supplier serving commercial- and light-vehicle markets. </p> <p>   U.K. Defense Secretary John Healey resigned Thursday in the face of what he called a shortfall in cash for his department. </p> <pre></pre> <p>   Write to Rob Curran at rob.curran@dowjones.com </p> <p>   (END) Dow Jones Newswires</p> <p>   June 11, 2026 17:23 ET (21:23 GMT)</p><p>Copyright (c) 2026 Dow Jones &amp; Company, Inc.</p></div></div>

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<p>SpaceX priced its record-breaking IPO at $135 per share, driving up shares of industrial and transportation companies. Meanwhile, Dana agreed to a $5.1 billion merger with Eaton's Mobility business to enhance supplier capabilities. In political news, U.K. Defense Secretary John Healey resigned citing departmental cash shortfalls.</p>

Industrials Up as SpaceX Prices IPO - Industrials Roundup