WS #8934

The dominant narrative this window is the SpaceX IPO filing, which is a major risk-on catalyst. SpaceX aims to raise $75B at a ~$1.75T valuation, with 555.6M shares at $135 each, proceeds for AI compute and Starlink. This is corroborated by Bloomberg, Reuters, CNBC, and multiple social media sources, marking it as high-significance. The IPO roadshow starts June 4, pricing June 11, debut June 12. This could boost sentiment for space/tech and related tickers like TSLA (Musk connection). Meanwhile, the macro picture remains mixed: oil prices are elevated (WTI +2.6%, Brent +2%) amid US-Iran tensions, with reports of Israeli strikes on Lebanon, a 'crazy' phone call between Trump and Netanyahu, and Iran claiming to target a US command ship. However, Trump also stated Iran is 'close to a deal,' creating a counter-signal. The S&P 500's winning streak ended, with markets closing lower. In after-hours earnings, Broadcom (AVGO) beat estimates but fell 6.5% on the revenue miss narrative, while CrowdStrike (CRWD) beat and guided higher but fell 9%. Costco reported strong May sales (+14.5% YoY), signaling resilient consumer spending. Bitcoin dipped to $64,851, its lowest since late March. Dark pool activity was detected in MU (two large orders totaling ~$383M) and IVV ($114M), suggesting institutional positioning.