When SpaceX starts trading, some ‘shareholders’ will discover they own nothing at all

Everything you need to know before you reach the office this morning.

Good morning. On Fortune’s radar today:

• SpaceX IPO will reveal which “shareholders” got scammed.
• It might be cheaper to have your AI data center in orbit.
• Trump says he has ended the war. Iran isn’t so sure.
• Markets: Yay!
• Statistically, Mondays are the worst day of the week for stocks.
• Has the president cursed the New York Knicks?

This story was originally featured on Fortune.com