WS #7838
The dominant signal in this window is the SpaceX IPO filing, corroborated by BBC, Al Jazeera, Bloomberg, and multiple financial outlets. The filing reveals a potential $1.75 trillion valuation, making it the largest IPO in history, and details xAI's $6.4B loss in 2025 with plans to scale Grok to trillions of parameters. This is a high-significance development for space, AI, and tech sectors. Separately, Nvidia's earnings beat ($81.62B revenue vs $78.9B est.) and strong guidance ($91B Q2) are positive, but the stock fell in after-hours due to growth concerns, creating a mixed signal. Oil prices edged up after plunging on US-Iran optimism, with ongoing Ukrainian strikes on Russian oil infrastructure and an oil spill on an Iranian island. The US charged Raúl Castro, increasing pressure on Cuba, and Trump faces growing risk of losing an Iran war vote in Congress. The dominant narrative is the SpaceX IPO, which is ESCALATING as more details emerge.
Key developments
- SpaceX files for IPO with potential $1.75T valuation, largest in history
- Nvidia beats earnings but stock falls after-hours on growth concerns
- Oil edges up after plunging on US-Iran optimism; Ukrainian strikes on Russian oil infrastructure continue
- US charges Raúl Castro, increasing pressure on Cuba
- Trump faces growing risk of losing key Iran war vote in Congress