WS #9024

The dominant signal in this window is the confirmation that SpaceX has set its IPO price at $135/share with zero flexibility for underwriters, a take-it-or-leave-it approach. This is corroborated by multiple sources (Reuters, Bluesky posts). The IPO is expected to be heavily oversubscribed, signaling strong investor demand. Separately, the U.S. designated Cuban President Miguel Díaz-Canel as an SDN, imposing strict financial sanctions, which could escalate tensions. Also notable: American Airlines raised Q1 revenue guidance to record >10% growth but warned fuel surge caps profit, a mixed signal for airlines. Blackstone restricted withdrawals in its private credit fund BCRED after redemption requests hit 10%, indicating stress in private credit markets. The U.S. designated Cuban President Miguel Díaz-Canel as an SDN, imposing strict financial sanctions. The Pentagon is expected to cancel a major missile defense system sale to Germany. Hezbollah rejected a US plan as Israel continues attacks in Lebanon. Ukraine hit 18 Russian oil infrastructure targets in May, the most of any month in 2026. The IAEA warns Iran nuclear risk has increased. Oil prices steadied after first drop this week on peace talk optimism, but the Strait of Hormuz blockade narrative remains. The narrative arc is ESCALATING on geopolitical risks (Iran, Cuba, Lebanon) and STABLE on tech earnings (Lululemon guidance cut persists).