WS #9675

The dominant signal in this window is the SpaceX IPO, which had the largest stock-market debut in history, raising $75 billion and ending its first day with a ~$2.2 trillion market cap. This is corroborated by multiple sources (Bluesky, NYT, Space Foundation CEO comments). The IPO is a massive positive for space and tech sentiment, with potential spillover to AI and defense tech. Separately, the U.S.-Iran deal narrative continues to de-escalate: oil prices remain below $100 despite the Hormuz blockade, and the U.S. military is helping move 7 million bpd out of the Persian Gulf. Polymarket trades show heavy activity on Iran-related outcomes, indicating market focus. However, a counter-signal emerges: Trump claims a deal has been reached, but Iranian officials say nothing is finalized, creating uncertainty. Insider selling at AMD (Lisa Su sold $57.5M worth) is a notable bearish signal for the semiconductor sector, potentially offsetting the broader AI optimism. The Meta AI unit turmoil (reported by TechCrunch) is a negative for META, though it may be overstated. The DOJ allowing a billionaire to buy CNN (multiple Bluesky posts) is a potential media consolidation story but lacks cross-source corroboration from major outlets. Overall, the window is dominated by the SpaceX IPO and the ongoing Iran deal hopes, with the AMD insider sale as a counter-signal to the AI bull thesis.