WS #9584

The dominant signal in this window is the SpaceX IPO finalization, with multiple sources (Bloomberg, BBC, Reuters, SEC filing) confirming the record $75B raise at $135/share, valuing the company at ~$1.77T, trading begins June 12. This is corroborated by Barron's noting it could reshape valuations across space, telecom, and AI. Concurrently, the US-Iran deal narrative is rapidly evolving: Trump stated 'We just made a great settlement,' CBS reports an MOU likely to be signed early next week, but IRGC-affiliated Fars News denied any preliminary MOU, and Iranian officials dismissed Trump's claims. The Strait of Hormuz remains at 3% normal transits, though oil tanker 'dark' transits have surged 50%. This de-escalation counters the prevailing bearish oil/geopolitical risk thesis. Other notable signals: Trump nominated Jay Clayton for DNI (multiple sources), KKR acquiring majority stake in Crowe for ~$3B (WSJ), and Google expanding home listings nationwide (Barron's). The US-Iran narrative is ESCALATING in deal proximity but DE-ESCALATING in military risk.