US Futures Hold Steady of SpaceX IPO

2026-06-12 00:02 By Jam Kaimo Samonte 1 min. read

US stock futures were little changed on Friday as investors looked ahead to SpaceX's highly anticipated market debut and weighed signs of easing tensions between the US and Iran.

SpaceX is set to start trading on Friday and is expected to become the largest IPO in history.

The company priced its shares at $135 each, raising roughly $75 billion and implying a market valuation of about $1.78 trillion.

On the geopolitical front, President Donald Trump said a peace deal with Iran could be reached as early as this weekend after delaying planned attacks and warning that the US could target the country's oil infrastructure.

Iran's semi-official Fars news agency also reported that Tehran was likely to accept the agreement, although no final text has been approved.

In Thursday's regular session, the Dow surged 1.86%, the S&P 500 advanced 1.75%, and the Nasdaq Composite rallied 2.54%.



News Stream
US Futures Hold Steady of SpaceX IPO
US stock futures were little changed on Friday as investors looked ahead to SpaceX's highly anticipated market debut and weighed signs of easing tensions between the US and Iran. SpaceX is set to start trading on Friday and is expected to become the largest IPO in history. The company priced its shares at $135 each, raising roughly $75 billion and implying a market valuation of about $1.78 trillion. On the geopolitical front, President Donald Trump said a peace deal with Iran could be reached as early as this weekend after delaying planned attacks and warning that the US could target the country's oil infrastructure. Iran's semi-official Fars news agency also reported that Tehran was likely to accept the agreement, although no final text has been approved. In Thursday's regular session, the Dow surged 1.86%, the S&P 500 advanced 1.75%, and the Nasdaq Composite rallied 2.54%.
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US stocks closed sharply higher on Thursday, with the S&P 500 rising 1.8%, the Nasdaq gaining 2.5%, and the Dow Jones climbing 930 points. Investor sentiment improved amid a pullback in oil prices after President Trump cancelled strikes against Iran after earlier threatening "very hard" attacks tonight. He also claimed a deal had been agreed in principle by several allies in the Middle East, including Israel, without elaborating. Further support came from a rally in technology shares as investors positioned themselves ahead of SpaceX's expected IPO tomorrow. Micron and AMD soared 11% and 8%, respectively, while Lam Research added 12.7% and Intel jumped over 10% after being upgraded by BofA on soaring CPU orders. On the other hand, Oracle slipped nearly 9% as investors focused on a cloud revenue miss and rising AI infrastructure costs despite an earnings beat. On the data front, PPI data pointed to accelerating prices in May, consolidating bets that the Fed will raise rates this year.
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