US stocks closed mixed yesterday as America's retaliatory strikes against Iran thwarted rebound momentum  

Taiwan 5Y yield rose to 1.71% to the highest since 2008

Canadian dollar slid to a YTD low

What we're watching this week:  

Full calendar here

Marco Rubio is suddenly the favorite to become president in 2028 👀

Trade event contracts on Polymarket, the world's largest prediction market

US launched strikes after Iran shot down helicopter (CNBC)

S&P 500 traders grapple with swings reminiscent of tariff chaos (BBG)

Morgan Stanley is 'wide awake' to acquisition opportunities (RT)

SpaceX IPO is set to mint 4,000 millionaires (NYP)

University endowments are set to strike gold on SpaceX IPO (WSJ)

SpaceX is set to put 30% of tradable shares in passive hands (BBG)

SpaceX, Anthropic, and OpenAI can rewrite history for megacap IPOs (BBG)

Anthropic and OpenAI stoke brisk pace of VC fundraising (TI)

New fund launches rose 38% through May on back of VC (AW)

Continuation vehicles are continuing to outperform buyout funds (SL)

Property insurers pile into private assets as other investors hit pause (WSJ)

China prepares $295B plan to fund nationwide AI buildout (BBG)

EU bank M&A rationale is rising with profits (BBG)

Magnetar Capital is replacing human analysts with AI bots (BBG)

Blackstone is buying SRTs as banks rush to hedge loan risks (BBG)

Anthropic released Mythos model without cyber capabilities (BBG)

Delos Capital founder was sued for running firm in 'drunken haze' (BBG)

Distributor: Foreside Fund Services

An investment in SPCU is not a direct investment in SPCX.

UK pharma giant GSK agreed to buy cancer biotech Nuvalent for $10.6B

Family office Wittington Investments and Australian pharmacy group Sigma Healthcare are in talks to acquire UK pharmacy chain Boots from Sycamore Partners for over $10B

BlackRock's GIP, Brookfield, EIG Partners, Apollo, and KKR were shortlisted for a stake in Kuwait Petroleum Corp.'s pipeline network as part of a $7.5B lease deal

Canadian payments firm Nuvei is in advanced talks to acquire cross-border payments company Payoneer Global for $2.7B, including cash

Singaporean logistics giant GLP aims to sell $2B of assets this year, including some international data centers to Ares, as it prepares for an IPO

Revego Fund Managers is exploring a merger with H1 Holdings to create one of South Africa's largest renewable energy-focused fund with $800M AUM

Management of Swedish plant-based foods maker Oatly Group's China unit are considering a MBO

Bain Capital entered a bidding war against Pacific Equity Partners and I Squared Capital for $520M-listed Aussie outdoor advertising company oOh!Media

WhiteBit, one of Europe's largest crypto exchanges, acquired a significant stake in Dutch supercar maker Spyker Cars

Apollo is seeking to acquire a Japanese life insurer such as the life insurance subsidiaries of T&DHoldings and Orix

Finnish microsatellite firm ICEYE raised a $520M Series F at a $12B valuation led by General Atlantic 

NinjaOne, a unified endpoint management platform, raised over $400M at a $12.3B valuation from Wellington Management, OTPP, Sequoia, ICONIQ, and others 

Isar Aerospace, a German launch vehicle company, raised a $312M Series D led by Island Green Capital and Molten Ventures

Beacon Software, an AI-native business OS and acquirer of essential businesses, raised a $225M Series C led by General Catalyst and HarbourVest

Standard Bots, an AI-native industrial robotics company, raised a $200M Series C at a $1B valuation co-led by General Catalyst and RoboStrategy

Morpho Labs, a crypto lending protocol, raised a $175M funding round at a $2B valuation led by Paradigm, Ribbit Capital, and a16z crypto

Rylo, an Israeli startup developing AI-powered real-time speech and sign-language translation tools for deaf users, raised an $85M funding round at a $500M valuation led by General Catalyst and Canaan

Alta Ares, a French counter-drone startup, raised a $58M second funding round

Sandstone, an in-house legal workflow AI startup, raised a $30M Series A from Lightspeed, Litquidity Ventures, Mantis VC, and others

Vinyl Equity, a fintech infrastructure company for capital markets and corporate transactions and SEC-registered transfer agent, raised a $20M Series A led by Jump Capital

fonio.ai, a European AI-powered customer communication platform for SMBs, raised a $17M seed round at a $140M valuation led by 20VC 

Golden Analytics, AI-native analytics platform, raised a $14M seed extension led by Insight Partners 

SpaceX's $75B IPO is 4x oversubscribed 

AI search and agent startup Perplexity plans to IPO in 2028; the firm was recently valued at $20B

$24B-listed AI server company Supermicro plans to raise $7B in equity offerings to meet demand

SK Capital-backed Canadian drug maker Apotex Health is expected to price its IPO at the top of a marketed range to raise $930M in Canada's biggest IPO since 2021

Saudi Arabia's Mutlaq Al-Ghowairi Contracting postponed plans for an $800M Saudi IPO due to the Iran war

Philippine telecoms firm PLDT plans to raise $300M-$400M in a listing of data center REIT VITRO

Activist Ancora Alternatives built a significant stake in $3B-listed specialty ​chemicals firm Ashland and is pushing for a sale

Physical AI firm Robseek Intelligence will merge with QuasarEdge Acquisition at a $1B pre-money equity valuation

Apollo and Blackstone completed a a $35B private credit deal to finance Anthropic's purchase of Alphabet TPUs, with Broadcom also involved 

Vedanta Resources is set to refinance $5.2B of US dollar bonds and loans after securing rating upgrades

Apollo-backed image sharing firm Shutterfly sweetened terms on a $1.15B junk bond refinancing to calm worries of AI disruption and widening losses

State Bank of India will join a group of global lenders in backing Sun Pharmaceutical Industries' $12B acquisition of US-based pharma group Organon with a $1B commitment

Tata Steel and Tata Projects, units of Indian conglomerate Tata Group, are set to raise $310M and $105M respectively after a year-long hiatus from corporate bond markets

A private credit fund managed by BDT & MSD Partners, the merchant bank tied to Michael Dell, sold $300M of investment grade bonds

CoreWeave is in talks to sell dollar and euro junk bonds

Zambia received enough bondholder support to buy back its 2053 dollar bonds in full to pave way for a debt-for-development swap backed by a $600M loan from African Development Bank

Secondaries specialist Hunter Point Capital raised $4.3B to continue investing in NAV lending and GP financing deals

Forada, a macro hedge fund that counts ExodusPoint as an LP, will close its 2x leveraged strategy to new cash after AUM hit $1B

BlackRock will launch a space ETF that will add new IPOs within days

Trump family has made $2.3B in profit from crypto ventures

Binance founder CZ says 'Bitcoin won't be dead for too long'

Coinbase and Cardless unveil credit card backed by stablecoins

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