Iran-US deal progress and strong SpaceX trading lift market sentiment, with shares closing at $161 after peaking at $176.
SpaceX shares opened at $150 on Friday, rising to a high of $176 before closing at $161, exceeding the $135 IPO price. The strong debut eased market anxieties after early indications suggested an opening at $175.
The performance followed a week of uncertainty, with investors closely watching the first trading session. The stock’s resilience underscored confidence in the company’s long-term prospects, despite initial volatility.
Separately, progress in US-Iran negotiations contributed to a positive market mood. A potential deal includes lifting oil sanctions and unfreezing $12 billion in Iranian assets, though nuclear talks will continue over the next 60 days.