{"id":63069,"date":"2026-06-12T13:08:16","date_gmt":"2026-06-12T17:08:16","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/us-iran-peace-deal-reached-spacex-ipo-fees-revealed-as-markets-rally\/63069\/"},"modified":"2026-06-12T13:08:16","modified_gmt":"2026-06-12T17:08:16","slug":"us-iran-peace-deal-reached-spacex-ipo-fees-revealed-as-markets-rally","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/us-iran-peace-deal-reached-spacex-ipo-fees-revealed-as-markets-rally\/63069\/","title":{"rendered":"US-Iran Peace Deal Reached; SpaceX IPO Fees Revealed as Markets Rally"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>US and Iran have reached an agreed-upon text<\/strong> for a 60-day memorandum of understanding (MOU) to end the current conflict and reopen the <strong>Strait of Hormuz<\/strong> immediately.<\/li>\n<li><strong>SpaceX IPO fees<\/strong> for lead underwriters Goldman Sachs (<a href=\"\/stock\/GS\">GS<\/a>) and Morgan Stanley (<a href=\"\/stock\/MS\">MS<\/a>) are estimated at <strong>$100 million each<\/strong>, despite a record-low &quot;gross spread&quot; of just <strong>0.75%<\/strong>.<\/li>\n<li><strong>US Oil Rig Count rose by 2 to 433<\/strong>, while the total rig count dipped slightly to <strong>562<\/strong>, according to the latest Baker Hughes (<a href=\"\/stock\/BKR\">BKR<\/a>) weekly report.<\/li>\n<li><strong>NY Fed GDP Nowcast for Q2<\/strong> edged higher to <strong>2.70%<\/strong>, up from the previous estimate of <strong>2.67%<\/strong>, signaling continued domestic economic resilience.<\/li>\n<li><strong>President Trump paused a high-risk ground mission<\/strong> intended to capture Iran\u2019s <a href=\"https:\/\/stockmarketwatch.com\/metal\/uranium\" data-internallinksmanager029f6b8e52c=\"13\" title=\"Uranium\">uranium<\/a> stockpile, opting instead for the diplomatic breakthrough announced Friday.<\/li>\n<\/ul>\n<h2>US-Iran Diplomatic Breakthrough<\/h2>\n<p>The United States and Iran have reached a &quot;final, agreed-upon text&quot; for a peace deal, according to Pakistani Prime Minister Sharif, who served as the official mediator. The agreement, structured as a <strong>60-day memorandum of understanding (MOU)<\/strong>, aims to end the blockade of Iranian ports and reopen the <strong>Strait of Hormuz<\/strong> to international shipping without tolls. Iranian Foreign Minister Araghchi stated that a deal has &quot;never been closer,&quot; while President Trump indicated a formal signing could occur as early as this weekend or Monday in Geneva.<\/p>\n<p>The deal reportedly includes a <strong>comprehensive inspection system<\/strong> to ensure Iran\u2019s nuclear program remains peaceful and meets long-term regional security goals. Under the terms, the US will provide <strong>staggered financial relief<\/strong> and lift oil sanctions in exchange for Iran&#39;s commitment to dismantle key nuclear sites and destroy existing highly enriched uranium. While Trump has hailed the agreement as meeting all his administration&#39;s goals, Iranian state media has issued conflicting reports, prompting Trump to demand public clarifications from Tehran.<\/p>\n<h2>SpaceX IPO Fee Bonanza<\/h2>\n<p>Wall Street is preparing for a historic payday as the <strong>SpaceX<\/strong> initial public offering (IPO) approaches its debut. Despite Elon Musk\u2019s firm negotiating a razor-thin underwriter fee of <strong>0.75%<\/strong>\u2014tying the record for the lowest spread in US history\u2014the sheer scale of the <strong>$75 billion raise<\/strong> ensures a massive windfall. Goldman Sachs (<a href=\"\/stock\/GS\">GS<\/a>) and Morgan Stanley (<a href=\"\/stock\/MS\">MS<\/a>), the lead &quot;top-left&quot; bookrunners, are expected to pocket at least <strong>$100 million each<\/strong> in fees.<\/p>\n<p>The IPO, which values the space and AI giant at approximately <strong>$1.75 trillion<\/strong>, has seen overwhelming demand, with order books reportedly closing early due to being four times oversubscribed. Analysts at the lead banks project SpaceX\u2019s revenue could reach <strong>$160 billion by 2028<\/strong>, and potentially <strong>$3.4 trillion by 2040<\/strong>. The listing on the Nasdaq is expected to be the largest market debut in history, significantly outpacing previous records held by companies like Saudi Aramco and Alibaba.<\/p>\n<h2>Energy and Economic Indicators<\/h2>\n<p>The domestic energy sector showed mixed activity this week as the <strong>US Total Rig Count<\/strong> fell by 1 to <strong>562<\/strong>, according to Baker Hughes (<a href=\"\/stock\/BKR\">BKR<\/a>). While the <strong>Gas Rig Count<\/strong> dropped by 3 to <strong>121<\/strong>, the <strong>Oil Rig Count<\/strong> increased by 2 to <strong>433<\/strong>, reflecting a slight shift in drilling priorities amid fluctuating global energy prices. Markets responded positively to the Iran peace news, with Trump noting a <strong>1,000-point surge<\/strong> in stock indices and predicting a further decline in global <a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">oil prices<\/a> once the Strait of Hormuz officially reopens.<\/p>\n<p>On the macroeconomic front, the <strong>New York Fed<\/strong> updated its <strong>Q2 GDP Nowcast to 2.70%<\/strong>, a slight upward revision from the previous <strong>2.67%<\/strong>. This adjustment follows stronger-than-expected manufacturing and payroll data, suggesting the US economy remains on a solid growth trajectory despite regional geopolitical volatility. Concurrently, reports surfaced that the US military had prepared a high-stakes ground mission to seize Iran&#39;s uranium, but the operation was <strong>paused by President Trump<\/strong> to prioritize the current diplomatic resolution.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways US and Iran have reached an agreed-upon text for a 60-day memorandum of understanding (MOU) to end the 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