{"id":63017,"date":"2026-06-11T15:08:16","date_gmt":"2026-06-11T19:08:16","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-volatility-hits-energy-and-equities-amid-conflicting-iran-deal-signals-spacex-prepares-for-historic-1-8t-ipo\/63017\/"},"modified":"2026-06-11T15:08:16","modified_gmt":"2026-06-11T19:08:16","slug":"market-volatility-hits-energy-and-equities-amid-conflicting-iran-deal-signals-spacex-prepares-for-historic-1-8t-ipo","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-volatility-hits-energy-and-equities-amid-conflicting-iran-deal-signals-spacex-prepares-for-historic-1-8t-ipo\/63017\/","title":{"rendered":"Market Volatility Hits Energy and Equities Amid Conflicting Iran Deal Signals; SpaceX Prepares for Historic $1.8T IPO"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Energy markets plummeted<\/strong> as President Trump announced a breakthrough agreement with <strong>Iran<\/strong>, though prices partially recovered after Iranian state media <strong>denied<\/strong> any finalized text.<\/li>\n<li><strong>SpaceX (<a href=\"\/stock\/SPCX\">SPCX<\/a>)<\/strong> is set to price a record-breaking <strong>$1.8 trillion IPO<\/strong>, potentially making it one of the world\u2019s 10 largest public companies and pushing <strong>Elon Musk<\/strong> toward trillionaire status.<\/li>\n<li><strong>Oracle (<a href=\"\/stock\/ORCL\">ORCL<\/a>)<\/strong> secured a <strong>$395.8 million<\/strong> contract from the US Office of Personnel Management to modernize federal workforce systems, consolidating over 100 legacy platforms.<\/li>\n<li><strong>CoreWeave (<a href=\"\/stock\/CRWV\">CRWV<\/a>)<\/strong> priced a massive dual-currency debt offering, including <strong>$1.25 billion<\/strong> and <strong>\u20ac2 billion<\/strong> in senior notes, to fund its rapid AI infrastructure expansion.<\/li>\n<li><strong>Brent Crude settled down 2.92% at $90.38\/bbl<\/strong>, while <strong>US Crude fell 2.58% to $87.71\/bbl<\/strong> following the day&#39;s geopolitical whiplash.<\/li>\n<\/ul>\n<h2>Geopolitical Uncertainty Rocks Global Markets<\/h2>\n<p>Global financial markets experienced significant volatility on Thursday following conflicting reports regarding a potential peace agreement between the <strong>United States<\/strong> and <strong>Iran<\/strong>. US stocks initially surged and <a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">oil prices<\/a> tumbled after <strong>President Trump<\/strong> posted on Truth Social that all parties had approved the final points of an agreement and that planned military strikes had been canceled. The President claimed the deal had been &quot;approved by all parties involved,&quot; including regional allies like <strong>Saudi Arabia<\/strong> and <strong>Qatar<\/strong>.<\/p>\n<p>However, the rally faced immediate headwinds after <strong>Iran&#39;s Fars News Agency<\/strong>, citing sources close to the negotiating team, reported that Tehran has not yet approved any text for a memorandum of understanding. This denial was echoed by reports that Israeli Prime Minister <strong>Benjamin Netanyahu<\/strong> was surprised by the announcement, with sources indicating <strong>Israel<\/strong> was unaware of any impending deal. Despite the confusion, a <strong>Qatari delegation<\/strong> reportedly delivered Iran&#39;s approval of a final draft to mediators earlier in the day, leaving the status of the agreement in a state of high-stakes uncertainty.<\/p>\n<h2>SpaceX Targets Historic $1.8 Trillion Valuation<\/h2>\n<p><strong>SpaceX (<a href=\"\/stock\/SPCX\">SPCX<\/a>)<\/strong> is moving toward a historic market debut with an implied valuation of approximately <strong>$1.8 trillion<\/strong>. The IPO, which has attracted massive investor demand and is reportedly oversubscribed, would instantly place the aerospace giant among the world&#39;s most valuable public entities. The offering is expected to price at <strong>$135 per share<\/strong>, raising roughly <strong>$75 billion<\/strong> in the largest IPO on record.<\/p>\n<p>While the valuation is buoyed by optimism surrounding <strong>Starlink<\/strong> and <strong>Elon Musk\u2019s<\/strong> AI-driven vision, some analysts have issued warnings. Critics point out that the $1.8 trillion figure is driven more by long-term potential than current profitability or fundamental metrics. The listing is expected to create over <strong>4,000 new millionaires<\/strong> among SpaceX employees who received equity in lieu of higher salaries during the company&#39;s growth phase.<\/p>\n<h2>Tech and Infrastructure: Oracle and CoreWeave<\/h2>\n<p>In the enterprise tech sector, <strong>Oracle (<a href=\"\/stock\/ORCL\">ORCL<\/a>)<\/strong> announced it has been selected by the <strong>US Office of Personnel Management (OPM)<\/strong> to power a major federal workforce modernization initiative. The <strong>$395.8 million<\/strong> contract will utilize <strong>Oracle Fusion Cloud Human Capital Management (HCM)<\/strong> to replace more than 100 fragmented systems. The project aims to serve two million federal employees and is expected to reduce taxpayer costs by more than <strong>90%<\/strong> through improved efficiency and security.<\/p>\n<p>Simultaneously, AI infrastructure provider <strong>CoreWeave (<a href=\"\/stock\/CRWV\">CRWV<\/a>)<\/strong> priced a significant private offering of senior notes due 2032. The deal includes <strong>$1.25 billion at 9.625%<\/strong> and <strong>\u20ac2 billion at 8.500%<\/strong>. The proceeds are earmarked for general corporate purposes, including the repayment of debt and the funding of capital investments to support a revenue backlog that reportedly approached <strong>$100 billion<\/strong> earlier this year.<\/p>\n<h2>Market Summary<\/h2>\n<p>Commodity markets bore the brunt of the day&#39;s news cycle. <strong>Brent Crude<\/strong> settled down <strong>$2.72<\/strong>, while <strong>US Crude (WTI)<\/strong> shed <strong>$2.32<\/strong> as traders weighed the possibility of eased tensions in the Middle East against the risk of a deal collapse. In the credit markets, <strong>US money market fund assets<\/strong> saw a slight dip to <strong>$7.87 trillion<\/strong>, according to the Investment Company Institute (ICI), reflecting a minor shift in liquidity as investors reacted to the day&#39;s high-profile equity and geopolitical developments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Energy markets plummeted as President Trump announced a breakthrough agreement with Iran, though prices partially recovered after Iranian [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[5012],"tags":[11755,970,18341,4188,19104,4335,4413,4462,4664,5863,6120,8596],"class_list":["post-63017","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","tag-us-crude","tag-wti","tag-coreweave-crwv-stock-crwv","tag-hcm","tag-spacex-spcx-stock-spcx","tag-donald-trump","tag-elon-musk","tag-brent-crude","tag-iran","tag-ici","tag-oracle-orcl-stock-orcl","tag-opm"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/63017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=63017"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/63017\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50383"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=63017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=63017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=63017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}