Welcome to Markets Desk, here's what's moving the tape this afternoon.
European equities slipped into the red Thursday as fresh military exchanges between the United States and Iran rattled global markets. American strikes in southern Iran drew retaliatory hits on a U.S. air base, sending oil prices higher and reigniting inflation fears that investors had hoped were fading.
Staying with geopolitics feeding into macro, the SpaceX S-one filing gave markets a rare look inside one of the most closely held private businesses on the planet. Revenue came in at eighteen point six seven billion dollars for twenty twenty five, but losses climbed to nearly five billion, and Elon Musk's compensation is tied to planting at least one million humans on Mars — a disclosure that raises governance questions any institutional investor will need to sit with carefully.
And on the asset management side, Verition, the fourteen billion dollar multi-strategy hedge fund, is deepening its long-short equity bench under Gustav Rydbeck, the former Balyasny partner brought in roughly a year ago. Rydbeck has since assembled a leadership team drawn from marquee firms, a signal that Verition is positioning for meaningful growth without sacrificing the flexible culture that defines its edge.
That's the tape. Markets Desk, signing off the floor.
