SpaceX IPO Soars 19% as U.S.-Iran Peace Negotiations Boost Markets

Key Highlights

Table of Contents

Washington and Tehran appear close to finalizing an agreement to restore access to the Strait of Hormuz and conclude hostilities
Conflicting statements from U.S. and Iranian representatives regarding the deal’s specific provisions
SpaceX launched its public trading debut with shares climbing 19% to reach $160 on opening day
The public offering gave SpaceX a valuation of $1.77 trillion, elevating CEO Elon Musk to paper trillionaire status
U.S. equity markets posted gains on Friday, with the Dow climbing 0.7% and the S&P 500 advancing 0.5%

Washington and Tehran appear on the verge of finalizing an agreement to conclude their conflict and restore operations through the Strait of Hormuz. Meanwhile, SpaceX completed its highly anticipated public market launch, contributing to Friday’s market gains.

Washington and Tehran Move Closer to Agreement

A high-ranking U.S. official indicated the agreement could receive signatures “within the coming days.” The accord would address the strait’s reopening and the dismantlement of Tehran’s nuclear capabilities, the official stated.

We are closer to a peace deal than ever before. With finalisation likely expected in the next 24 hours, Pakistan is preparing for the electronic signing of the peace deal immediately after, followed by technical level talks next week.
We would like to thank United States of…
— Shehbaz Sharif (@CMShehbaz) June 13, 2026

Pakistan has served as a key mediator throughout the negotiation process. Pakistani Prime Minister Shehbaz Sharif announced that a “final, agreed upon text” had been established, noting “peace has never been this close.”

Iranian Foreign Minister Abbas Araghchi commented that an agreement “has never been closer.” He indicated both nations committed to “respect the sovereignty” of one another — marking the first such written U.S. pledge in 47 years, according to his statement.

However, public statements from the two nations showed clear inconsistencies. President Trump shared on Truth Social that conditions Iran had disclosed to journalists “have NOTHING to do with the terms that were agreed to, in writing.”

Iran’s diplomatic mission posted that the deal’s complete conditions “have not yet been determined.” Iranian government media suggested the preliminary agreement would encompass U.S. sanctions removal and military withdrawal from areas surrounding Iran.

Vice President JD Vance rejected claims of monetary transfers. He stated “the Iranians are not receiving any cash” merely for executing an agreement.

Reuters disclosed that the UAE had consented to provide $10 billion to Iran, with more than $3 billion already transferred. The UAE refuted this claim, asserting no frozen Iranian assets had been “released, transferred, or facilitated.”

U.S. Treasury Secretary Scott Bessent predicted a deal might materialize “as soon as this weekend or Monday” and would lead to reduced energy costs. Trump aims to finalize the agreement before Monday’s G7 summit.

U.S. Central Command verified it intercepted Iranian drones attacking commercial ships in the strait on Friday, though confirmed the passage “remains open for transit.”

Israeli Prime Minister Benjamin Netanyahu clarified Israel isn’t participating in the discussions but maintains coordination with Washington on preventing Iran from acquiring nuclear armaments.

SpaceX Completes Public Market Launch

SpaceX commenced trading on Friday, with shares initially priced at $135 per share. They launched at $150 and concluded the day up 19% at $160, establishing a market capitalization near $1.77 trillion.

The public offering generated approximately $75 billion. CEO Elon Musk achieved paper trillionaire status for the first time globally.

SpaceX, which intends to deploy AI data centers in orbital space, attracted substantial investor attention before its market entrance.

U.S. equity markets recorded gains during the session. The Dow advanced 0.7%, the S&P 500 rose 0.5%, and the Nasdaq increased 0.3%, partially fueled by positive sentiment surrounding the Iran diplomatic progress.