AM Markets Need to Know: Hedge fund losses, SpaceX IPO plans, and more (SP500:)

Stock index futures rose on Tuesday as President Donald Trump's deadline to reopen the Strait of Hormuz approached.

Now, here are five news stories that broke overnight to watch out for:

SpaceX (SPACE) details IPO plans: SpaceX provided details

SpaceX's IPO will allocate a significant portion of shares to retail investors and includes hosting 1,500 of them at an upcoming event, suggesting increased retail participation opportunities.

HSBC strategist Max Kettner argues a buy signal is evident for major stock indexes and broader risk assets, even amid volatility, echoing other bullish analysts.

Prominent hedge funds like Tiger Global, Maverick Capital, and Viking Global suffered notable losses in March as the Iran war-generated market turbulence impaired their returns.