WS #7841

The dominant signal in this window is the SpaceX IPO filing, which is now corroborated by multiple sources (Ars Technica, CNBC, multiple Bluesky posts) with specific details: IPO as soon as June 12 on Nasdaq under ticker SPCX at a ~$2T valuation, targeting $75B raise. The S-1 filing reveals $18.67B revenue in 2025, a $4.94B net loss due to AI spending, and ownership of 18,712 Bitcoin worth ~$1.45B. This is a high-significance event that could drive speculative interest in space/AI-related tickers and Bitcoin. Separately, Nvidia's Q1 earnings beat (EPS $1.87, revenue $81.62B) and CEO Jensen Huang's comment that Nvidia could grow 85%+ (vs 73% consensus) is a bullish signal for NVDA and the broader semiconductor sector, with SOXX surging 4.7% and ARM +15.1%, AMD +8.1%. The AvalonBay-Equity Residential mega-REIT merger talks (Bloomberg) signal consolidation in the REIT sector. On the macro front, US-Iran talks are in 'final stages' per Trump, which is de-escalating oil price fears (oil inched higher after a plunge). Moody's cut Mexico to Baa3 (lowest investment grade), raising risks for Mexican assets. The Fed proposed limited master accounts for crypto firms, a positive for crypto adoption. Meta's Zuckerberg warned 'success isn't a given' after laying off 10% of staff, a cautious signal for META. SpaceX's Bitcoin holdings could provide a bullish catalyst for BTC. The $1.8B Trump fund controversy is generating political noise but has limited direct market impact. Overall, the narrative is shifting from SpaceX IPO hype to concrete S-1 details, with Nvidia earnings providing a strong tech tailwind.