WS #7424

Multiple sources confirm SpaceX has selected Nasdaq for its IPO, with pricing as early as June 11 and listing on June 12 under ticker $SPCX. This is corroborated by Reuters, Seeking Alpha, and Investing.com, marking a high-significance development for the space/defense sector. Separately, bond yields are surging, with the US 30-year hitting its highest since 2007, as Bloomberg reports 'bond vigilantes are back.' This macro headwind is pressuring growth stocks and consumer discretionary names. On the geopolitical front, Israel and Lebanon have agreed to extend the ceasefire, per BBC and US State Department, which could dampen oil risk premiums. However, Iran oil flows from Kharg Island appear disrupted by an oil spill, per TankerTrackers and Bloomberg, adding uncertainty to crude supply. The Ukraine-Russia conflict escalates with a massive Russian strike on Kyiv killing 24, and Ukraine retaliating by hitting the Ryazan oil refinery. Zelensky vows further strikes on Russian energy sites. The dominant narrative is a tug-of-war between SpaceX IPO euphoria and rising bond yields, with geopolitical crosscurrents from Iran oil disruption and Ukraine escalation.