WS #9583

The dominant signal in this window is the SpaceX IPO finalization and the rapidly evolving US-Iran deal narrative. SpaceX has priced its record IPO at $135 per share, raising $75 billion and valuing the company at ~$1.77 trillion, with trading set to begin June 12. This is corroborated by multiple sources (Reuters, Bloomberg, NBC, SEC filing) and will likely drive significant volatility in space/telecom/AI-related names and broader indices. Concurrently, President Trump has made a series of contradictory statements on Iran—first threatening strikes, then calling them off, and now indicating a deal is near finalization with signing possible over the weekend in Europe. Iran's IRGC-affiliated Fars News Agency initially denied any preliminary MOU, but later signaled high likelihood of approval. The Strait of Hormuz reopening is tied to the deal. This de-escalation counters the prevailing bearish oil/geopolitical risk thesis. Other notable signals: Anthropic secured a $35B Google-backed data center financing package with miners WULF, CIFR, HUT; Blackstone is in talks to buy H&R REIT; and KKR is acquiring a majority stake in Crowe for ~$3B. The US-Iran narrative is ESCALATING in terms of deal proximity but DE-ESCALATING in terms of military risk.