Al Hadath Sources: Intensive Talks Underway To Gradually Reopen The Strait of Hormuz. Oil Futures Fall Around 3% on the News

TradingKey - On Friday ET, rising expectations of a U.S.-Iran peace agreement drove a sharp decline in oil prices, easing market concerns over energy inflation. Meanwhile, SpaceX’s (SPCX) largest-ever IPO debuted today, becoming the focus of pre-market trading. The three major U.S. stock index futures rose in pre-market sessions; as of press time, Dow futures were up approximately 0.8%, S&P 500 futures rose about 0.68%, and Nasdaq 100 futures gained roughly 0.64%.

The official trading start for SpaceX has been delayed by half an hour. Prediction markets are betting on a strong debut for SPCX, with an expected opening price between $150 and $200.

TradingKey - On June 11, Eastern Time, as SpaceX moves toward its largest-ever IPO, CEO Elon Musk appeared via video at ASML’s annual technology conference in the Netherlands to outline his plans to enter the semiconductor manufacturing sector to ASML employees. Boosted by the news, ASML shares closed up 9.53% at $1,899.48, hitting a 52-week high.

SpaceX SPCX priced $135 June 11, first trading June 12. $75B raise, $1.75T valuation. Starlink $11.4B revenue, 10.3M subscribers, 63% EBITDA margin. xAI $6.36B operating loss. MSCI inclusion T+1. Week 1 range $135–$180.

SpaceX SPCX IPO pricing June 11, listing June 12. 2025: $18.67B revenue, $4.94B net loss. Starlink $11.4B revenue, $4.4B operating profit. xAI segment $6.36B operating loss. $1.75T valuation. MSCI fast-track inclusion confirmed.