US Stocks Close: Three Major Indices Rise for Second Day; SpaceX Closes at $161.11 in Debut, 19% Above IPO Price; Probability of US-Iran Peace Agreement Exceeds 80%

SpaceX (SPCX) closed its market debut today at $161.11, 19.34% above its IPO price. With an intraday turnover of approximately $81.9 billion, it became the most actively traded company in the U.S. stock market today, with its latest market capitalization reaching $2.1 trillion.

Dan Ives, Senior Analyst at Wedbush Securities, characterized the SpaceX listing as a pivotal milestone for the AI industry's advancement. The core support for his optimistic assessment stems from SpaceX's tangible achievements in AI infrastructure: the company's Colossus data center in Memphis, Tennessee, has completed the deployment of 220,000 Nvidia flagship GPUs, capable of delivering over 300 megawatts of AI computing output.

Large-cap tech stocks mostly gained. SpaceX rose 19.22%, Tesla (TSLA) climbed 1.82%, TSMC (TSM) added 0.65%, Alphabet (GOOGL) gained 0.53%, Nvidia (NVDA) edged up 0.16%, and Microsoft (MSFT) rose 0.10%. On the downside, Apple (AAPL) fell 1.52%, Amazon (AMZN) dropped 1.23%, and Broadcom (AVGO) declined 0.91%.

The Philadelphia Semiconductor Index rose for a second consecutive day, gaining 1.52% to close at 13,371.47. Among its 30 constituents, 23 advanced and 7 declined.

Chip stocks were among the top performers, with Arm Holdings (ARM) surging 11.27%, Intel (INTC) rising 6.51%, AMD (AMD) advancing 4.73%, and Qualcomm (QCOM) climbing 4.32%.

A recent report from Bank of America significantly raised its server CPU market forecast. Driven by the construction of global AI data centers and the explosion of Agentic AI, the bank expects the total addressable market for server CPUs to reach $170 billion by 2030, a fivefold increase from $35 billion in 2025 and well above the previous estimate of $125 billion.

The report noted that while GPUs remain the core of AI computing power, the status of CPUs within the AI ecosystem is rising rapidly. AI agents rely heavily on CPUs for specific tasks such as instruction execution and system interaction, and the rapid adoption of agent technology will become the strongest driver for CPU demand.

Chinese ADRs were mixed, with Li Auto (LI) rising 3.77%, New Oriental (EDU) climbing 3.32%, KE Holdings (BEKE) advancing 2.99%, and Futu Holdings (FUTU) up 2.10%.

SpaceX Listing Propels Elon Musk to Become World's First Trillionaire

SpaceX officially debuted on the New York market on Friday, opening at $150 per share, up 11% from its offering price, as the company's total valuation climbed to approximately $2 trillion. Driven by the surge, founder Elon Musk's net worth simultaneously broke through the trillion-dollar mark, making him the first person globally to join the trillion-dollar club. According to the Bloomberg Billionaires Index, Musk's current net worth has reached nearly $1.05 trillion, more than triple that of the world's second-richest person, Google co-founder Larry Page.

Shell Plans to Sell Offshore Wind Assets in Shift Back to Fossil Fuels

Oil giant Shell is accelerating its exit from the renewable energy sector, planning to divest its offshore wind farm assets and pivot its strategic focus back to high-return fossil fuel businesses. Rothschild & Co and PJT Partners have been hired as financial advisors for the deal, which is expected to be valued at over $1 billion. The sale process is slated to begin as early as year-end, with formal completion targeted for 2027.

BlackRock's Flagship Private Credit Fund Limits Redemptions for Second Consecutive Quarter

BlackRock's $25 billion flagship private credit fund, HLEND, implemented redemption controls for the second consecutive quarter as investor withdrawal requests reached 13.3%, while the fund only allowed a 5% redemption limit. Simultaneously, its smaller private credit fund, BDEBT, exceeded its 5% redemption threshold for the first time in its four-year history and also initiated restrictions, reflecting growing anxiety within the $1.8 trillion private credit market.

SpaceX to Sublease Colossus 1 Data Center to Anthropic

SpaceX has leased the entire computing capacity of its Colossus 1 data center to AI startup Anthropic, according to people familiar with the matter. The data center was originally built as a proprietary computing node for SpaceX's Grok large language model, but technical hurdles in cross-campus networking ultimately led the company to pivot from internal use to an external lease.

Probability of U.S.-Iran Peace Accord Signing Surpasses 80%; Strait of Hormuz Reopening Enters Final Stretch

Negotiations for an interim U.S.-Iran peace accord have entered the final stretch. Once implemented, the agreement will reopen shipping in the Strait of Hormuz and move toward ending a Middle East conflict that has battered the global economy. Although multiple parties have signaled positivity, internal resistance within Iran and minor disagreements on positions leave uncertainty over the final implementation. A senior U.S. official revealed Friday that the probability of signing currently stands at 80%-85%, with only some hardliners in Iran still attempting to block the consensus; these differences are being gradually resolved through coordination.

Furthermore, officials from several parties confirmed that a memorandum of understanding to reopen the Strait of Hormuz will be signed in Geneva, Switzerland, as early as Sunday. The signing coincides with the G7 Summit in Evian, France, next week. Trump will not attend in person; Vice President Vance and Envoy Witkoff will represent the U.S. side to sign the agreement.

Goldman Sachs: Rate Hike Expectations Fairly Priced; June Meeting to Be First Test of Warsh's Policy Style

Goldman Sachs stated that current bond market pricing for Federal Reserve interest rate hikes is fully justified. Three factors—war-driven inflation, better-than-expected U.S. economic resilience, and a surge in corporate AI spending—collectively support the trading logic for rising borrowing costs.

Markets are currently pricing in a roughly 75% probability of a Fed rate hike this year, with expectations for the completion of hikes by March 2027 fully priced in. The Fed is likely to remain on hold at next week's policy meeting, while the June meeting will serve as a litmus test for new Chair Warsh's policy style. The firm judges that Warsh is more likely to adopt a moderate, consensus-oriented communication tone rather than signaling a hardline hawkish stance.

U.S. Consumer Confidence Rebounds as Gasoline Prices Retreat

The University of Michigan's preliminary consumer sentiment index for June rose to 48.9 from a record low of 44.8 in May. Economists had previously expected the index to edge up to 46. Consumers expect prices to rise 4.6% year-over-year over the next 12 months, down from 4.8% in May.

The report showed a marked improvement among low-income consumers, who typically allocate a larger share of their budgets to fuel costs. Nonetheless, overall economic sentiment remains at historic lows against the backdrop of the Iran war and the resulting wave of inflation.

This content was translated using AI and reviewed for clarity. It is for informational purposes only.