WS #7349

The dominant signal in this window is the SpaceX IPO prospectus expected as soon as next week, per CNBC, corroborated by multiple sources including a priority Bluesky post. This is a high-significance event for space/tech sectors and could drive interest in related tickers. Separately, Cerebras Systems had a monster debut, ending its first day with a market cap just below $100 billion, paving the way for more blockbuster IPOs. On the earnings front, Figma (FIG) beat Q1 estimates and raised FY26 guidance, a positive for tech/software. Papa John's (PZZA) saw a buyout bid from its largest franchisee and Irth Capital, sending shares up 5% after hours. StoneCo (STNE) surged 8% after hours on strong Q1 payment volume. On the negative side, Applied Optoelectronics (AAOI) announced a $600M equity distribution, sending shares lower. Geopolitical noise includes US Secret Service confrontation with Chinese police in Beijing and Iran's FM urging BRICS to condemn US-Israeli aggression, but no material escalation. The overall narrative is mixed, with strong tech earnings and IPO momentum offset by supply concerns in select names.