SpaceX's record-breaking $85.7 billion IPO surges on first trading day, while Fox's $22 billion Roku acquisition and U.S.-Iran deal reshape major markets and geopolitical stability.
Key Points
SpaceX's initial public offering raised $85.7 billion, the largest IPO in history, with shares surging on the first full day of trading as executives announced additional capital raised beyond initial expectations.
Fox agreed to acquire Roku for $22 billion in one of the biggest strategic moves by chairman Lachlan Murdoch, intensifying competition in the streaming and connected TV market.
A U.S.-Iran peace deal framework agreement is set to be signed, with Trump declaring the agreement 'all signed' and the Strait of Hormuz expected to completely reopen on Friday, though shipping firms remain cautious and await security guarantees.
Global markets rallied on Iran peace deal hopes, with chip stocks gaining significantly as geopolitical tensions ease and investors grow more confident in riskier asset classes.
The UK unveiled a sweeping social media ban for users under 16 starting in 2027, joining Australia and other countries in introducing similar measures to protect children from harmful online content.
Salesforce acquired AI customer service platform Fin for $3.6 billion, while Indian startup Sarvam became the country's newest AI unicorn with $234 million in HCLTech-led funding, signaling continued AI sector consolidation.
Pakistan's Servis Group crossed the $1 billion market valuation milestone after Service Long March Tyres Limited shares surged 10%, highlighting emerging market growth in auto component manufacturing.
India's central bank issued new rules to curb mis-selling of financial products by lenders, banning deceptive marketing tactics known as 'dark patterns' to protect consumers.
Fiserv CEO fled after presiding over a 71% stock decline during his tenure, highlighting executive instability in financial services as the company appears strategically adrift.
China's reduced oil imports after the Iran war began cushioned global markets, demonstrating how the world's largest oil purchaser influences global commodity prices and energy inflation despite buying less.