{"id":63076,"date":"2026-06-12T15:08:13","date_gmt":"2026-06-12T19:08:13","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/spacex-ipo-soars-in-nasdaq-debut-oil-prices-plunge-on-iran-peace-hopes\/63076\/"},"modified":"2026-06-12T15:08:13","modified_gmt":"2026-06-12T19:08:13","slug":"spacex-ipo-soars-in-nasdaq-debut-oil-prices-plunge-on-iran-peace-hopes","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/spacex-ipo-soars-in-nasdaq-debut-oil-prices-plunge-on-iran-peace-hopes\/63076\/","title":{"rendered":"SpaceX IPO Soars in Nasdaq Debut; Oil Prices Plunge on Iran Peace Hopes"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/spacex-ipo-soars-in-nasdaq-debut-oil-prices-plunge-on-iran-peace-hopes\/63076\/#Key_Takeaways\" >Key Takeaways<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/spacex-ipo-soars-in-nasdaq-debut-oil-prices-plunge-on-iran-peace-hopes\/63076\/#SpaceX_Shatters_Records_in_Public_Debut\" >SpaceX Shatters Records in Public Debut<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/spacex-ipo-soars-in-nasdaq-debut-oil-prices-plunge-on-iran-peace-hopes\/63076\/#Oil_Markets_Retreat_Amid_Diplomatic_Breakthroughs\" >Oil Markets Retreat Amid Diplomatic Breakthroughs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/spacex-ipo-soars-in-nasdaq-debut-oil-prices-plunge-on-iran-peace-hopes\/63076\/#Microsoft_Reevaluates_Gaming_Strategy\" >Microsoft Reevaluates Gaming Strategy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/spacex-ipo-soars-in-nasdaq-debut-oil-prices-plunge-on-iran-peace-hopes\/63076\/#Middle_East_De-escalation_and_Blockade_Enforcement\" >Middle East De-escalation and Blockade Enforcement<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/spacex-ipo-soars-in-nasdaq-debut-oil-prices-plunge-on-iran-peace-hopes\/63076\/#Political_and_Security_Briefs\" >Political and Security Briefs<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span>Key Takeaways<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>SpaceX (<a href=\"\/stock\/SPCX\">SPCX<\/a>)<\/strong> shares surged as high as <strong>$176.52<\/strong> in their historic <strong>Nasdaq<\/strong> debut, valuing the company at approximately <strong>$2 trillion<\/strong> before paring gains to <strong>$166<\/strong>.<\/li>\n<li><strong>U.S. <a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">Crude Oil<\/a> Futures<\/strong> plummeted <strong>3.23%<\/strong> to settle at <strong>$84.88\/bbl<\/strong> following reports of a framework agreement with <strong>Iran<\/strong> and the potential reopening of the <strong>Strait of Hormuz<\/strong>.<\/li>\n<li><strong>Microsoft (<a href=\"\/stock\/MSFT\">MSFT<\/a>)<\/strong> is reportedly weighing a spin-out of its <strong>Xbox<\/strong> division while greenlighting major new entries in the <strong>Halo<\/strong> and <strong>Fallout<\/strong> franchises.<\/li>\n<li>The <strong>UAE<\/strong> has reportedly agreed to release up to <strong>$20 billion<\/strong> in frozen assets to <strong>Iran<\/strong> as part of a regional de-escalation effort.<\/li>\n<li>A new poll suggests <strong>Andy Burnham<\/strong> is on track to win the <strong>Makerfield<\/strong> by-election, aided by a vote split caused by the <strong>Restore Britain<\/strong> party.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"SpaceX_Shatters_Records_in_Public_Debut\"><\/span>SpaceX Shatters Records in Public Debut<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>SpaceX (<a href=\"\/stock\/SPCX\">SPCX<\/a>) officially became a public company today, with shares opening at <strong>$150<\/strong>\u2014well above the <strong>$135<\/strong> IPO price\u2014and reaching an intraday peak of <strong>$176.52<\/strong>. The aerospace giant, led by <strong>Elon Musk<\/strong>, raised an estimated <strong>$75 billion<\/strong>, making it the largest initial public offering in history. Investor demand was bolstered by a massive <strong>$5 billion<\/strong> order from <strong>BlackRock<\/strong>, though shares eventually settled near <strong>$166<\/strong> as some early investors moved to book profits.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Oil_Markets_Retreat_Amid_Diplomatic_Breakthroughs\"><\/span>Oil Markets Retreat Amid Diplomatic Breakthroughs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>West Texas Intermediate (WTI)<\/strong> crude futures fell <strong>$2.83<\/strong> today to close at <strong>$84.88<\/strong>, a sharp reversal from recent highs above <strong>$90<\/strong>. The sell-off was triggered by <strong>President Trump&#39;s<\/strong> announcement of a framework deal with <strong>Tehran<\/strong>, which includes a 60-day negotiation period and the potential release of <strong>$24 billion<\/strong> in frozen Iranian assets. Analysts note that the removal of the &quot;geopolitical risk premium&quot; and a downward revision in global demand growth by the <strong>EIA<\/strong> contributed to the <strong>3.23%<\/strong> decline.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Microsoft_Reevaluates_Gaming_Strategy\"><\/span>Microsoft Reevaluates Gaming Strategy<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Microsoft (<a href=\"\/stock\/MSFT\">MSFT<\/a>) is considering a strategic spin-out of its <strong>Xbox<\/strong> business, according to reports from <em>The Information<\/em>. Despite the potential structural change, the company is doubling down on its intellectual property, with plans for a <strong>Halo: Combat Evolved Remake<\/strong> and new <strong>Fallout<\/strong> titles. This comes as <strong>Asha Sharma<\/strong>, the newly appointed CEO of Xbox, attempts to pivot the brand back to its &quot;core roots&quot; during the brand&#39;s 25th anniversary.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Middle_East_De-escalation_and_Blockade_Enforcement\"><\/span>Middle East De-escalation and Blockade Enforcement<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In a significant tactical shift, the <strong>United Arab Emirates<\/strong> has reportedly moved to unfreeze between <strong>$10 billion and $20 billion<\/strong> for <strong>Iran<\/strong> to halt regional attacks. Simultaneously, <strong>U.S. Central Command (CENTCOM)<\/strong> continues to enforce a strict maritime blockade, having disabled <strong>9 non-compliant vessels<\/strong> since mid-April. These conflicting signals come as a draft deal suggests half of Iran&#39;s blocked funds could be made available before formal negotiations even begin.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Political_and_Security_Briefs\"><\/span>Political and Security Briefs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In the UK, a <strong>More in Common<\/strong> poll indicates that <strong>Andy Burnham<\/strong> holds a five-point lead in the <strong>Makerfield<\/strong> by-election. The poll shows the hard-right <strong>Restore Britain<\/strong> party, led by <strong>Rupert Lowe<\/strong>, is siphoning <strong>8%<\/strong> of the vote, primarily from <strong>Reform UK<\/strong>, effectively clearing a path for the Labour candidate. Separately, the <strong>Federal Reserve<\/strong> issued an urgent warning regarding a sophisticated phishing scam involving fraudulent text messages and emails claiming &quot;suspicious activity&quot; to steal bank credentials.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways SpaceX (SPCX) shares surged as high as $176.52 in their historic Nasdaq debut, valuing the company at approximately 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