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SpaceX Soars in Record IPO, Stocks Climb on US-Iran Optimism | Closing Bell
Posted
June 12, 2026
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9:29Now PlayingWatch comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
Hopes for a diplomatic breakthrough that would end the war in Iran extended a slide in oil prices while lifting stocks, with Wall Street’s enthusiasm also fueled by SpaceX’s strong trading debut.
The S&P 500 extended this week’s gain, with Elon Musk’s space company up 19% after a record-breaking IPO. US oil settled below $85 as the US said an interim peace deal that reopens the Strait of Hormuz and ends Iran’s nuclear weapons ambitions looks increasingly likely and could be signed within days.
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