With SpaceX's highly anticipated IPO expected on June 12, we wanted to share our latest research to help you stay informed. At Astoria, we've been doing the work to help our clients understand what this means for their portfolios. Here are the three things every investor should know: Key takeaways: • Scale & Financials: SpaceX generated $18.7B in revenue in FY2025 (+33% YoY), driven primarily by Starlink connectivity ($11.4B revenue, 63% EBITDA margin). The IPO targets a ~

S&P 500 Posts Best Month Since November 2020 Despite lingering geopolitical tensions, higher oil prices, and renewed inflation concerns, equities moved higher in April, supported by a strong start to the Q1 earnings season and resilient economic growth. After approaching correction territory late last month, the S&P 500 rebounded to post seven record closing highs, gaining more than 10% for its strongest monthly performance since November 2020. The tech-heavy Nasdaq-100 also