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Meta's latest verdict, space stocks, prediction market legislation and more in Morning Squawk

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Why This Matters

The article highlights significant developments in the tech and space industries, including Meta's ongoing legal activities, rising oil prices due to geopolitical tensions, and the potential IPO of SpaceX, which has sparked increased investor interest in space stocks. These events underscore the dynamic nature of the tech sector and its interconnectedness with global economic and geopolitical factors, influencing investor strategies and market movements.

Key Takeaways

This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Thursday. With their perky ears and pointy teeth, I thought no collectible could have a more unique appearance than Labubus. But after reading about the "Mystery Dumpling," I stand corrected. Stock futures are dropping this morning after a positive day. Here are five key things investors need to know to start the trading day:

1. A meta view

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., exits Los Angeles Superior Court in Los Angeles, California, US, on Wednesday, Feb. 18, 2026. Kyle Grillot | Bloomberg | Getty Images

2. War watch

Oil prices rose as much as 3% on Thursday after Iran attacked several energy facilities across the Middle East following a strike on its South Pars gas field. Dwayne Schnell | 500px Plus | Getty Images

3. To infinity and beyond

A SpaceX Falcon 9 rocket is prepared for launch carrying NASA's IMAP mission, which will study the boundary of the sun's heliosphere and other scientific payloads, at the Kennedy Space Center in Cape Canaveral, Florida, Sept. 23, 2025. Joe Skipper | Reuters

Space stocks rallied yesterday after a report that SpaceX could file to go public as soon as this week. Firefly Aerospace soared 16%, while AST SpaceMobile and Rocket Lab each jumped around 10%. As CNBC's Lola Murti reports, excitement around SpaceX's possible IPO has helped drive broader interest in the space sector. CNBC previously reported that SpaceX could execute the biggest IPO ever as it seeks a $1.75 trillion valuation. Wondering how to play the potential IPO? Here's a list of funds with exposure to the Elon Musk-led company.

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4. Citrini's concern

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