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Trump Iran Address Fails to Calm Markets

New York Times Business •
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President Trump's address on the Iran war failed to reassure investors, with markets reacting negatively despite his claims the conflict was nearing completion. Brent crude climbed near $108 per barrel while S&P 500 futures dropped, erasing Wednesday's gains as traders worried about prolonged fighting and its economic fallout on global growth.

SpaceX's upcoming IPO could reshape the financial landscape as Elon Musk's confidential filing aims to raise up to $75 billion with a valuation exceeding $1.75 trillion. The offering would dwarf Saudi Aramco's 2019 record and potentially pave the way for other tech giants including Anthropic and OpenAI to go public at astronomical valuations.

Markets remain on edge as Trump's tariffs approach their first anniversary, with the Supreme Court having declared the IEEPA tariffs unlawful in February while NASA's Artemis mission carries astronauts to the moon in a race against China for lunar dominance and space exploration leadership during these uncertain times.