SpaceX Jumps 4% After $135 IPO as Dow Holds Record on U.S.-Iran Deal
Updated
Updated · CNBC · Jun 15
SpaceX Jumps 4% After $135 IPO as Dow Holds Record on U.S.-Iran Deal
3 articles · Updated · CNBC · Jun 15
Summary
SpaceX rose 4% in premarket trading to about $208, extending a post-IPO surge that has left the stock 54% above its $135 offering price.
U.S. stock futures were mostly flat Tuesday even after Monday's risk rally, with Dow futures up 95 points after the blue-chip index gained 468.77 points to a record close.
The broader move followed President Donald Trump's announcement of a U.S.-Iran deal to end the Middle East war; Pakistan's prime minister said a formal signing is set for Friday in Switzerland.
Oil prices fell nearly 5% Monday after Trump said the Strait of Hormuz would reopen Friday, easing a key supply threat that had weighed on markets.
Overseas markets echoed the relief trade: Japan's Nikkei hit an intraday record, South Korea's Kospi climbed 2.11%, and Europe's Stoxx 600 rose 0.6%.
The U.S. promises a 'toll-free' strait, but Iran plans fees. Who is telling the truth about this crucial trade route?
With Iran's nuclear program untouched, is this peace deal just a 60-day pause before a larger crisis?
SpaceX’s Historic $2 Trillion IPO: Market Reactions, AI Strategy, and Global Power Shifts
Overview
On June 12, 2026, SpaceX made history with the largest IPO ever by valuation, sparking intense market excitement and debate. While some found the percentage gain on debut underwhelming, the sheer scale meant even a 20% to 22% rise added hundreds of billions to its market cap. Despite this strong performance, analysts questioned whether SpaceX’s financials justified its lofty valuation, highlighting a divide in market opinion. The IPO’s success reflected both investor optimism and skepticism, setting the stage for ongoing scrutiny of SpaceX’s ambitious growth and its impact on global markets.