Market Rises on Optimism Over Iran Peace Deal
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 8 hours ago
0mins
Source: CNBC
- Market Recovery: After two consecutive days of losses, the S&P 500 index rose on Friday afternoon, reflecting optimism regarding the Iran peace deal, although the likelihood of an agreement remains uncertain, which is expected to positively impact investor confidence.
- Successful SpaceX IPO: SpaceX's initial public offering (IPO) performed exceptionally well, with shares rising over 25%, generating $100 million in fees for Goldman Sachs and Morgan Stanley, further solidifying these banks' reputations in the capital markets.
- Tech Stock Volatility: Intel's stock surged over 25% following Google's order for over 3 million tensor processing units, while Bank of America upgraded its rating to buy, indicating increased market confidence in its semiconductor business.
- Software Stocks Under Pressure: Salesforce and Microsoft saw declines of over 11% and 7% respectively this week, reflecting concerns about the future of the software industry, particularly after a prior rebound, leading investors to question their profitability outlook.
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Analyst Views on SPCX
Wall Street analysts forecast SPCX stock price to rise
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Current: 135.000
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Current: 135.000
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About SPCX
Space Exploration Technologies Corp. designs, manufactures, launches, and operates products and services built on technologies, including rockets and spacecraft. The Company's segments include Space, Connectivity, and artificial intelligence (AI). Its Space segment designs, manufactures, and launches reusable rockets to provide access to space. Its Connectivity segment operates broadband data and communications network powered by approximately 9,600 Starlink broadband and mobile satellites in Low-Earth orbit, delivering connectivity to consumer, enterprises, and government customers over 164 countries, territories, and other markets. In its AI segment, it operates a vertically integrated AI platform spanning its truth-seeking frontier model Grok, AI solutions for consumer and enterprise customers, X-its real-time information, entertainment, and free speech platform and AI computational infrastructure.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
CFRA Issues Sell Rating on SpaceX After Nasdaq Debut
- Sell Rating Issued: CFRA assigned a sell rating to SpaceX shortly after its Nasdaq debut, setting a 12-month price target of $115, significantly below the $135 offering price, indicating concerns over its elevated valuation expectations.
- Market Capitalization Shift: SpaceX's market cap was $1.77 trillion at its IPO price, but it has risen above this level due to soaring share prices during trading, reflecting a divergence in market sentiment regarding its future potential.
- Strategic Dependency: CFRA analysts highlighted that SpaceX's long-term strategy heavily relies on the success of the Starship rocket, with its commercial viability hinging on reusability, which could drastically reduce costs and enhance competitive advantage.
- Execution Bottleneck Risk: Should Starship fail to meet expectations, it could adversely affect multiple segments of SpaceX's business, including Starlink satellites and AI computing, creating significant execution bottlenecks that could hinder overall growth potential.
See More
SpaceX's IPO Soars, Achieving $2.1 Trillion Market Cap
- IPO Spectacle: SpaceX made its Nasdaq debut with an IPO price of $135 per share, successfully selling over 555 million shares to raise a staggering $75 billion, reflecting strong market confidence in its growth prospects.
- Stock Performance: On its first trading day, SpaceX's stock opened at $150, peaked at $176.52, and closed at $160.95, achieving a remarkable market capitalization of $2.1 trillion, capturing significant market attention.
- Future Plans: SpaceX aims to establish data centers in low Earth orbit, build a city on the Moon, and eventually create a colony on Mars, ambitious goals that will require robust technological execution and ongoing investment support.
- Market Volatility Expectation: Investors should brace for significant stock price fluctuations as SpaceX's short-term objectives and long-term vision will elicit strong market reactions, likely alternating between exhilarating successes and disappointing failures.
See More
Goldman Sachs Shares Rise After SpaceX IPO
- IPO Market Renaissance: SpaceX's successful debut at a $1.77 trillion valuation marks the largest IPO in U.S. history, with Goldman Sachs as the lead underwriter, resulting in a 2.9% share price increase, reflecting strong market confidence in the IPO revival.
- Strong Financial Performance: Goldman Sachs reported a 48% year-over-year surge in Q1 investment banking fees, with revenues reaching $17.23 billion, exceeding the $16.66 billion estimate, and an EPS of $17.55, beating consensus by over 10%, showcasing robust performance in capital markets activities.
- Improved Macro Environment: The Iran peace deal has led to lower oil prices and a delayed Fed rate hike, creating a favorable macro environment for IPOs and M&A, as noted by the CEO, further solidifying Goldman Sachs's leadership position in the market.
- Long-term Investment Returns: Goldman Sachs shares have risen 16.3% year-to-date and are trading close to their 52-week high, with investors who bought $1,000 worth of shares five years ago now seeing their investment grow to $2,852, highlighting the company's long-term investment appeal.
See More
Defiance ETFs Halts Trading of SPCL Shares
- Trading Halt Reason: Defiance ETFs announced that trading in the Defiance Daily 2X Space ETF (SPCL) was halted at 10:45 AM EDT on June 12, 2026, due to significant market volatility surrounding SpaceX's IPO, with trading expected to resume no earlier than June 15, indicating market sensitivity to new public offerings.
- Investor Advisory: During the trading halt, while SPCL shares cannot be traded on the secondary market, the underlying assets remain secure, and investors are advised to monitor the Exchange for updates on the resumption of trading to ensure timely investment decisions.
- Risk Warning: The fund employs a high-leverage strategy aiming for 200% daily returns, necessitating that investors understand the associated risks, particularly in the context of market volatility from newly public companies like SpaceX, which could lead to a highly concentrated and volatile investment portfolio.
- Fund Structure Characteristics: The SPCL fund seeks indirect exposure to SpaceX and other space companies through derivatives rather than holding the underlying securities directly, highlighting the fund's non-diversified nature and the potential risks that may arise from such a concentrated investment approach.
See More
Defiance ETFs Halts Trading of SPCL Shares Amid Market Volatility
- Trading Halt Reason: Defiance ETFs announced that trading in the Defiance Daily 2X Space ETF (SPCL) was halted by Cboe BZX Exchange at 10:45 AM EDT due to significant market price volatility, with trading expected to resume no earlier than June 15, 2026, reflecting market sensitivity to SpaceX's IPO.
- Investor Advisory: During the trading halt, while SPCL shares cannot be bought or sold, the underlying assets remain secure, indicating that investors should remain vigilant and monitor market developments to safeguard their investments during this period.
- Risk Warning: The SPCL fund aims for daily leveraged investment results of 200%, requiring investors to understand its high-risk nature, particularly the potential for total principal loss in a single day, emphasizing the need for investor knowledge and active portfolio management.
- Market Volatility Impact: As SpaceX's IPO is classified as a
See More
SpaceX IPO Sparks Retail Investor Frenzy
- Retail Investor Enthusiasm: In SpaceX's IPO, retail investors were allocated up to 30% of shares, reflecting strong interest and participation, which propelled the stock price to surge 19% on its first trading day.
- Surge in Trading Volume: On the IPO's first day, net buying of SpaceX shares reached $453 million, accounting for 4% of all single-stock retail turnover, which was 3.5 times that of the runner-up Nvidia, showcasing robust buying power among retail investors.
- Allocation Shortfalls Cause Discontent: Despite high retail participation, some investors faced allocation shortfalls, with reports of requests for 250 shares receiving none, highlighting the intense competition in the market.
- Musk's Commitment to Future Priority: SpaceX founder Elon Musk pledged that future IPOs of his companies would prioritize retail investors, emphasizing loyalty to his investors, which further bolstered investor confidence.
See More
CFRA Issues Sell Rating on SpaceX After Nasdaq Debut
- Sell Rating Issued: CFRA assigned a sell rating to SpaceX shortly after its Nasdaq debut, setting a 12-month price target of $115, significantly below the $135 offering price, indicating concerns over its elevated valuation expectations.
- Market Capitalization Shift: SpaceX's market cap was $1.77 trillion at its IPO price, but it has risen above this level due to soaring share prices during trading, reflecting a divergence in market sentiment regarding its future potential.
- Strategic Dependency: CFRA analysts highlighted that SpaceX's long-term strategy heavily relies on the success of the Starship rocket, with its commercial viability hinging on reusability, which could drastically reduce costs and enhance competitive advantage.
- Execution Bottleneck Risk: Should Starship fail to meet expectations, it could adversely affect multiple segments of SpaceX's business, including Starlink satellites and AI computing, creating significant execution bottlenecks that could hinder overall growth potential.
See More
SpaceX's IPO Soars, Achieving $2.1 Trillion Market Cap
- IPO Spectacle: SpaceX made its Nasdaq debut with an IPO price of $135 per share, successfully selling over 555 million shares to raise a staggering $75 billion, reflecting strong market confidence in its growth prospects.
- Stock Performance: On its first trading day, SpaceX's stock opened at $150, peaked at $176.52, and closed at $160.95, achieving a remarkable market capitalization of $2.1 trillion, capturing significant market attention.
- Future Plans: SpaceX aims to establish data centers in low Earth orbit, build a city on the Moon, and eventually create a colony on Mars, ambitious goals that will require robust technological execution and ongoing investment support.
- Market Volatility Expectation: Investors should brace for significant stock price fluctuations as SpaceX's short-term objectives and long-term vision will elicit strong market reactions, likely alternating between exhilarating successes and disappointing failures.
See More
Goldman Sachs Shares Rise After SpaceX IPO
- IPO Market Renaissance: SpaceX's successful debut at a $1.77 trillion valuation marks the largest IPO in U.S. history, with Goldman Sachs as the lead underwriter, resulting in a 2.9% share price increase, reflecting strong market confidence in the IPO revival.
- Strong Financial Performance: Goldman Sachs reported a 48% year-over-year surge in Q1 investment banking fees, with revenues reaching $17.23 billion, exceeding the $16.66 billion estimate, and an EPS of $17.55, beating consensus by over 10%, showcasing robust performance in capital markets activities.
- Improved Macro Environment: The Iran peace deal has led to lower oil prices and a delayed Fed rate hike, creating a favorable macro environment for IPOs and M&A, as noted by the CEO, further solidifying Goldman Sachs's leadership position in the market.
- Long-term Investment Returns: Goldman Sachs shares have risen 16.3% year-to-date and are trading close to their 52-week high, with investors who bought $1,000 worth of shares five years ago now seeing their investment grow to $2,852, highlighting the company's long-term investment appeal.
See More
Defiance ETFs Halts Trading of SPCL Shares
- Trading Halt Reason: Defiance ETFs announced that trading in the Defiance Daily 2X Space ETF (SPCL) was halted at 10:45 AM EDT on June 12, 2026, due to significant market volatility surrounding SpaceX's IPO, with trading expected to resume no earlier than June 15, indicating market sensitivity to new public offerings.
- Investor Advisory: During the trading halt, while SPCL shares cannot be traded on the secondary market, the underlying assets remain secure, and investors are advised to monitor the Exchange for updates on the resumption of trading to ensure timely investment decisions.
- Risk Warning: The fund employs a high-leverage strategy aiming for 200% daily returns, necessitating that investors understand the associated risks, particularly in the context of market volatility from newly public companies like SpaceX, which could lead to a highly concentrated and volatile investment portfolio.
- Fund Structure Characteristics: The SPCL fund seeks indirect exposure to SpaceX and other space companies through derivatives rather than holding the underlying securities directly, highlighting the fund's non-diversified nature and the potential risks that may arise from such a concentrated investment approach.
See More
Defiance ETFs Halts Trading of SPCL Shares Amid Market Volatility
- Trading Halt Reason: Defiance ETFs announced that trading in the Defiance Daily 2X Space ETF (SPCL) was halted by Cboe BZX Exchange at 10:45 AM EDT due to significant market price volatility, with trading expected to resume no earlier than June 15, 2026, reflecting market sensitivity to SpaceX's IPO.
- Investor Advisory: During the trading halt, while SPCL shares cannot be bought or sold, the underlying assets remain secure, indicating that investors should remain vigilant and monitor market developments to safeguard their investments during this period.
- Risk Warning: The SPCL fund aims for daily leveraged investment results of 200%, requiring investors to understand its high-risk nature, particularly the potential for total principal loss in a single day, emphasizing the need for investor knowledge and active portfolio management.
- Market Volatility Impact: As SpaceX's IPO is classified as a
See More
SpaceX IPO Sparks Retail Investor Frenzy
- Retail Investor Enthusiasm: In SpaceX's IPO, retail investors were allocated up to 30% of shares, reflecting strong interest and participation, which propelled the stock price to surge 19% on its first trading day.
- Surge in Trading Volume: On the IPO's first day, net buying of SpaceX shares reached $453 million, accounting for 4% of all single-stock retail turnover, which was 3.5 times that of the runner-up Nvidia, showcasing robust buying power among retail investors.
- Allocation Shortfalls Cause Discontent: Despite high retail participation, some investors faced allocation shortfalls, with reports of requests for 250 shares receiving none, highlighting the intense competition in the market.
- Musk's Commitment to Future Priority: SpaceX founder Elon Musk pledged that future IPOs of his companies would prioritize retail investors, emphasizing loyalty to his investors, which further bolstered investor confidence.
See More
