12.06.202615:57:30UTC+00US Stocks Hold Higher After SpaceX IPO

US stocks ended mostly higher after a volatile Friday session, lifted by optimism over a potential US–Iran agreement and a record-breaking SpaceX IPO. The S&P 500, Dow, and Nasdaq 100 all advanced after sharp intraday swings.

SpaceX debuted with the largest initial public offering on record, raising $75 billion to fund new spending on data centers and computing capacity. The AI-to-space company surged more than 15% above its $135 listing price shortly after trading began.

AI infrastructure stocks were choppy in the wake of the SpaceX deal. Chipmakers outperformed, with AMD, Qualcomm, and SanDisk each climbing about 5%. By contrast, major cloud and platform “hyperscalers” slipped, as Microsoft, Amazon, Apple, and Oracle edged lower.

On the macro front, remarks from Iran’s foreign ministry suggested a deal with the US is closer than ever, prompting energy prices to retreat after a stretch of volatility driven by mixed messages from President Trump.

Financials advanced as bond yields eased from their session highs, with Goldman Sachs and Blackstone each gaining more than 3.5%.