BARCLAYS: NOTWITHSTANDING UNCERTAINTIES AROUND DURATION OF IRAN CONFLICT, RISKS TO THEIR $85/B BRENT 2026 FORECAST SKEWED HIGHER

SpaceX plans to allocate up to 30% of its IPO to individual investors, far above the typical 5%–10%, as Elon Musk seeks to tap strong retail demand and stabilize post-listing trading, sources said. The offering could value the company at up to $1.75 trillion. The structure includes assigning banks targeted roles by investor type and geography, with firms such as Bank of America and Morgan Stanley handling specific retail segments. Rowan Taylor of Liberty Hall Capital Partners said, “This is one of those lifetime moments…The appetite is a statement about investor confidence in Elon Musk.”

MEXICAN ECONOMY MINISTER EBRARD SAYS PROGRAM INCLUDES TAX INCENTIVES FOR LOCAL PRODUCERS, SEEKS TO PROTECT AND PROMOTE NATIONAL MOTOR TRANSPORT INDUSTRY AGAINST IMPORTS