![](\"https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2026\/04\/GettyImages-2268834164.jpg?w=2048\")
<\/p>\n<\/p>\n
SpaceX\u2014valued at $1.75 trillion\u2014has confidentially filed with the SEC to stage an initial public offering of an estimated $75 billion in shares, Bloomberg reports. The previous largest stock offering on the public markets was by Saudi Aramco, at $29.4 billion. The shares will likely come in two classes so that founder Elon Musk can retain decision-making control of the company. About 30% of shares will be allocated to smaller, retail investors\u2014so expect some meme-stock mania after the launch.<\/p>\n
THE MARKETSGlobal markets battered as oil tops $107<\/p>\n
S&P 500 futures slid 0.14% this morning, pre-open, after the index rose 0.72% yesterday. Markets in Asia and Europe declined across the board as oil rose again, this time hitting $107 per barrel. South Korea\u2019s KOSPI was down 4.47% and Japan\u2019s Nikkei 225 was down 2.38%. The Stoxx Europe 600 was down 0.96% and the U.K.\u2019s FTSE 100 was down 0.17% in early trading.\u00a0<\/p>\n
IRANTrump hails ‘tremendous progress’ in Iran\u2014but will abandon Hormuz Strait<\/p>\n
Investors reacted negatively to President Trump\u2019s speech on the “tremendous progress” in his war against Iran last night. The 20-minute address\u00a0delivered multiple contradictory messages:\u00a0<\/p>\n
Iran was defeated, he said, but \u201cwe\u2019re going to hit them extremely hard over the next two to three weeks.\u201d\u00a0
\n\u201cRegime change was not our goal,\u201d he said, \u201cbut regime change has occurred because of all of their original leaders\u2019 death. They\u2019re all dead. The new group is less radical and much more reasonable.\u201d
\nAnd if they are not reasonable, \u201cwe are going to hit each and every one of their electric-generating plants,\u201d he said.
\nTrump also said he wasn’t interested in reopening the Strait of Hormuz, currently controlled by Iran, even though \u201cit should be easy.\u201d Rather, that will be the job of \u201cthose countries that can\u2019t get fuel,\u201d he said.<\/p>\n
On social media, the president also said Iran had asked for a \u201cCEASEFIRE!\u201d but \u201cWe will consider when Hormuz Strait is open, free, and clear. Until then, we are blasting Iran into oblivion or, as they say, back to the Stone Ages!!!\u201d<\/p>\n
Read a transcript of the speech here.<\/p>\n
Wall Street did not like what it heard<\/p>\n
It was \u201cback to escalation,\u201d according to ING\u2019s Francesco Pesole. \u201cStrait of Hormuz reopening plans \u2026 seem more distant again after the headlines overnight.\u201d\u00a0<\/p>\n
UBS\u2019s Paul Donovan told clients, \u201cU.S. escalation (however short-lived) risks being met with an Iranian response, threatening more infrastructure damage in the Gulf. That could extend the economic damage of the war well beyond any reopening of the Strait of Hormuz.\u201d<\/p>\n
At Deutsche Bank, Jim Reid and his team said, \u201cTrump\u2019s much-anticipated address last night delivered little to nothing new on potential timelines or conditions for ending hostilities against Iran. \u2026 While Trump sounded flexible on remaining war aims, for instance claiming that Iran is \u2018no longer a threat\u2019, there was no signal of the U.S. seeking an imminent offramp out of the war.\u201d<\/p>\n
SPECULATIONInsider trading on prediction markets may be coming to an end<\/p>\n
Bettors have come to view prediction markets as a safe space for insider trading. That era is likely coming to an end as recent suspected insider trading around the actions of the U.S. military appears to have reached a tipping point\u2014finally rousing everyone from Congress to regulators to the companies themselves to demand oversight, Fortune\u2019s Jeff Roberts reports.<\/p>\n
ARTIFICIAL INTELLIGENCEAI will lie, cheat, and sabotage to stay alive\u2014and now it’s protecting its friends<\/p>\n
AI safety researchers have shown that leading AI models will go to great lengths to avoid being shut down, even resorting to blackmail in some experiments. Now it turns out these same models will also spontaneously engage in scheming, deception, data theft, and sabotage to prevent other AI models from being turned off, Fortune\u2019s Jeremy Kahn reports.<\/p>\n
MORE FROM FORTUNE<\/p>\n
Here\u2019s why King Charles is coming to America. And it is not the reason the President thinks
– Kamal Ahmed<\/p>\n
Gen Z fled San Francisco for Texas and Florida. Now they\u2019re turning \u2018welcomer cities\u2019 into the next big tech towns – Sydney Lake<\/p>\n
The tax escape map: Billionaires are bolting for Florida from the West Coast and taking billions in tax revenue with them – Marco Quiroz-Gutierrez<\/p>\n
The SpaceX IPO is great\u2014but it won\u2019t deliver 100x returns – Jeffrey Stewart<\/p>\n
AI \u2018slop\u2019 is flooding YouTube Kids\u2014and more than 200 groups and experts are calling for a ban – Catherina Gioino<\/p>\n
CHART OF THE DAY3 of the world\u2019s 7 oil chokepoints are in the Middle East<\/p>\n
With the Strait of Hormuz blocked by the war, Saudi Aramco has ramped up the capacity of its East-to-West pipeline that can move oil to the Red Sea coast, and from there to the Strait of Bab-El-Mandeb, the Suez Canal, and the overland SUMED pipeline. It\u2019s currently moving 7 million barrels per day, according to research by Sashank Lanka and his colleagues at Bank of America. That could be increased to 12 million \u201cwithout additional investments\u201d if the conflict is resolved, they wrote.<\/p>\n
NUMBER OF THE DAY-$349,772,640<\/p>\n
The record loss, in U.S. dollars, for Chelsea F.C., posted for its most recent financial year. The loss is the biggest in English Premier League history, despite revenues of $654 million. Chelsea is owned by Clearlake Capital (based in California) and Miami-based financier Todd Boehly, who bought the club from Russian oligarch Roman Abramovich in 2022, for $3.33 billion.<\/p>\n
THE FRONT PAGES TODAY<\/p>\n
A spokesperson could not be reached for comment (possibly because she doesn\u2019t exist) – FT<\/p>\n
Trump\u2019s Iran speech ignores the risks of a return to the 1970s: Analysis – CNBC<\/p>\n
AI is making college students change majors – Axios<\/p>\n
The investors moving early into Venezuela are bullish and ready for risk – WSJ<\/p>\n
S&P 500\u2019s war pattern: The wipeout begins every Thursday – Bloomberg<\/p>\n
ONE MORE THINGAllbirds flew too close to the sun, and believed its own hype\u00a0<\/p>\n
The shoemaker, best known for its eco-friendly wool sneakers favored by the Silicon Valley set, is selling itself for a mere $39 million, or roughly 1% of its peak market capitalization of $4 billion only five years ago. The company mistook its own good publicity for mass-market success, Fortune\u2019s Phil Wahba writes. At its peak, in 2022, Allbirds had sales of $297.8 million\u2014a fraction of what brands like On, Hoka, and Brooks bring in. For all the hype, it remained just a niche product for a tiny, well-heeled slice of the market. Much of Allbirds\u2019 early success \u201cwas driven by Silicon Valley hype, more than deep popularity with consumers in the American hinterland,\u201d said Neil Saunders, managing director of GlobalData.<\/p>\n
TITANS AND DISRUPTERS OF INDUSTRY\u200b\u200bDelta Air Lines CEO Ed Bastian: From bankruptcy to billions<\/p>\n
Fortune Editor-in-Chief Alyson Shontell sat down with Delta Air Lines CEO Ed Bastian for a new episode of her vodcast, Fortune 500: Titans and Disruptors of Industry. Bastian shared how he steered Delta from one of the largest bankruptcies in U.S. history to leading the industry in market capitalization and premium customer satisfaction. Alyson will be in your inboxes with her full summary and biggest takeaways from the interview in the Saturday edition of Fortune 500 Digest. You can subscribe to Titans and Disruptors on Spotify, Apple, and YouTube.<\/p>\n
#President #Trumps #speech #Iran #war #hails #tremendous #progress #Wall #Street #hears #escalation<\/p>\n","protected":false},"excerpt":{"rendered":"
SpaceX\u2014valued at $1.75 trillion\u2014has confidentially filed with the SEC to stage an initial public offering…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[245],"tags":[1003,4194,6822,6824,376,166,1087,1601,1323,1041,6518,2807,6823,1983,2806,684],"_links":{"self":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/2961"}],"collection":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2961"}],"version-history":[{"count":0,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/2961\/revisions"}],"wp:attachment":[{"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}