Markets brace for shifts as SpaceX IPO looms and geopolitical headlines move equities

Global stocks fell as Asia-Pacific markets tracked Wall Street; oil eased after Israel-Lebanon agreed to a ceasefire, with Netanyahu saying U.S.-Israel strategy is largely aligned despite some tactical disagreements. SpaceX fixed its IPO price at $135 per share, valuing the company around $1.77 trillion and setting up what could be the largest IPO ever. The EU unveiled a tech-sovereignty package to reduce dependence on U.S. and Chinese tech giants, while Macron invited OpenAI’s Altman to the G7, and geopolitics around Iran kept markets volatile. SoftBank’s aggressive AI bets raised liquidity-risk concerns amid rising debt.