Welcome to Markets Desk, your midday read on what's moving and why.
SpaceX has filed its S-one with the SEC, setting the stage for what could be the largest initial public offering in history. The Elon Musk rocket and satellite company plans to list on the Nasdaq under the ticker SPCX, and the filing gives investors their first real look inside the finances of a business that has absorbed his AI venture xAI. The numbers and the valuation expectations will dominate conversation on the Street for weeks.
Turning to Asia, equity markets are broadly higher this session, tracking Wall Street's overnight gains. The catalyst is renewed optimism around a potential US-Iran nuclear deal, with President Trump saying negotiations are in their final stages. That geopolitical thaw is lifting sentiment from Tokyo to Sydney, where the ASX two hundred is holding comfortably above eight thousand six hundred in midday trade.
And on the capital flows front, India is facing a quiet but meaningful challenge to its investment narrative. AI-driven growth and America-first policy incentives are pulling global funds back toward the United States, dimming the appeal of what has been the world's fastest-growing major economy. For fund managers weighing emerging market allocations, the calculus is shifting.
That's the tape. Markets Desk, signing off the floor.
