u/Practical-Solutions1

SpaceX has filed to list on the US stock market under the ticker SPCX. The company is setting its own valuation at $1.25 trillion. That would value Elon Musk’s majority stake at more than $600 billion and, together with his other assets, could push him past the trillion-dollar mark.

Last year SpaceX brought in $18.6 billion in revenue but posted a $4.9 billion net loss. In the first three months of this year revenue was $4.7 billion with a $4.3 billion loss. The balance sheet shows $102 billion in assets and $60.5 billion in debt. The filing also notes plans to fold xAI into SpaceX and lists a $15 billion annual data-center deal with Anthropic.

It flags expected legal costs above $500 million from various claims, including deepfake lawsuits tied to Grok. The IPO is described as potentially one of the largest ever, but the company is still unprofitable.

Source: https://www.bbc.com/news/articles/cg4pe2953q1o

Markets sold off today on higher yields and oil staying elevated, with a lot of it tied to the lack of clarity around Iran and the Strait of Hormuz.

China’s foreign ministry came out and said there’s no point in keeping the conflict going and that it should be resolved through talks, calling it something that benefits no one. Trump said after the summit that Xi was aligned on wanting the strait open and keeping Iran from getting nuclear weapons. China buys most of Iran’s oil, so their stance could matter if it actually leads to movement.

Still early, but it’s one of the first clearer signals from Beijing on de-escalation and im going short on my Bitget portfolio. Curious if this changes how people are looking at oil and the broader market reaction.

https://thehill.com/policy/international/5879585-china-us-iran-war-end/

EU officials warned they’re ready to sanction Israeli entities helping trade grain stolen by Russia from occupied Ukrainian areas. A Russian vessel carrying it docked in Haifa but Israel turned it away after Brussels pushed back. Goal is to cut off another funding stream for Russia’s war.

This hits global grain flows at a time when supplies are already tight from the conflict. ADM and Bunge (BG) are the big listed players moving wheat and other crops worldwide, any extra disruption shows up in their volumes and pricing. ZIM, the Israeli shipping company with routes through the region, could see direct effects if more port or trade scrutiny hits Haifa.

Source: https://www.euronews.com/my-europe/2026/04/28/eu-ready-to-sanction-israel-over-russian-vessel-carrying-stolen-ukrainian-grain

Anyone tracking ag names or dry bulk shipping on this?

Came across this NBC News piece laying out how Iran caused extensive damage to several US military bases in the region. A lot of the details were already publicly known, but the report pulls them together with fresh context on the scale during the recent back-and-forth.

Oil has stayed elevated on the broader tensions, and a few defense names have ticked up, but the S&P 500 and Nasdaq are still sitting near their highs after last week’s tech moves. It’s the same disconnect we’ve seen for days now – steady buying in AI-related stocks while the headlines keep adding geopolitical layers.

I’m not trying to call a top or anything, but it does make me wonder how much of this is already baked in versus how quickly sentiment could shift if one more incident lands. The VIX is still low, futures look calm, yet the underlying risks aren’t disappearing.

Anyone else noticing the same gap between the news flow and price action? What are you watching for signals that this is starting to matter more to the tape?

Link: https://www.nbcnews.com/world/iran/iran-caused-extensive-damage-us-military-bases-publicly-known-rcna331853