SpaceX IPO, Iran Peace Deal, and a $2.2T Market Cap Walk Into a Bar — Markets Have the Week of Their Lives
SpaceX's record-shattering debut and a surprise geopolitical détente collided to give bulls the best week in months
Ticker Ratings
| Ticker | Rating | Entry Price | Current | $ Gain | % Gain |
|---|---|---|---|---|---|
| SPXC SPX Technologies, Inc. | hold | $231.00 | — | — | — |
| INTC INTEL CORP | buy | $125.38 | — | — | — |
| DAL DELTA AIR LINES, INC. | buy | $83.01 | — | — | — |
| UAL United Airlines Holdings, Inc. | buy | $115.47 | — | — | — |
| ORCL ORACLE CORP | sell | $183.94 | — | — | — |
| ADBE ADOBE INC. | sell | $204.25 | — | — | — |
| TSLA Tesla, Inc. | hold | $406.06 | — | — | — |
| GLD SPDR GOLD TRUST | buy | $386.54 | — | — | — |
| USO United States Oil Fund, LP | sell | $125.43 | — | — | — |
| KR KROGER CO | sell | $64.70 | — | — | — |
| ROKU ROKU, INC | hold | $144.11 | — | — | — |
This week had two headlines fighting for the front page: SpaceX ($SPXC) went public in the largest IPO in history, raising $75 billion at $135/share and closing up 19% at $161 on day one — giving the company a $2.2 trillion market cap and making Elon Musk the world's first trillionaire. The book was 4-5x oversubscribed with $350 billion in demand. Jim Chanos called it 'hopes and dreams' trading at 110x revenues. Cramer called it historic. They're both kind of right.
Meanwhile, President Trump canceled planned strikes on Iran and signaled a deal was imminent, sending the S&P 500 up ~1.4%, the Nasdaq 100 up ~2.6%, and the SOX semiconductor index up ~5.7% in a single session. Airlines popped, oil tanked, and semiconductors had their moment — $SMH posted its highest-ever weekly close, sitting just 3.7% from all-time highs. $INTC went absolutely feral, up 25% on the week and 235% year-to-date after a double upgrade to Buy.
The Iran sugar high is real, the SpaceX lockup expiration in six months is realer — Paul Tudor Jones already ran this playbook in 1999. Enjoy the party, but keep one eye on the exit.