Analyst Ludlow says whether SpaceX sets retail allocation at 20% versus roughly 30% is highly significant. Insiders told him management expects retail investors to be long-term holders, akin to Tesla’s retail core. Retail demand has been reported as high as $100bn, producing severe oversubscription and leaving many investors disappointed.

CME said, pending regulatory review, it will offer 24/7 trading for new, smaller crude and gold futures. The new crude contract will be one-tenth the size of CME’s micro WTI and is scheduled to launch on Aug. 30. CME’s existing 1-ounce gold futures will move to around-the-clock trading from July 26. Derek Sammann, head of global commodity markets, said regulated 24/7 products will allow traders to manage exposures immediately amid geopolitical uncertainty.

June 12 — Foreign Ministry spokesperson Lin Jian said the ministry's website sets out the details of the decision to sanction Philippine defense minister Teodoro and his relatives. Asked by RUSSIA TODAY whether the sanctions would affect future Chinese aid to the Philippines, including fuel and supplies, Lin warned that allowing figures like Teodoro to repeatedly undermine efforts to stabilize bilateral ties would ultimately harm the Philippine state's and people's fundamental interests.