SpaceX IPO debut expected near $150B valuation as Asian stocks jump 3.5%
SPCX•Asian stocks surged up to 3.5% and Brent crude slid 1.45% after US President Trump withdrew threats of strikes on Iran, lifting risk appetite. Investors are poised for SpaceX's IPO debut later Friday—set to be the largest in history—awaiting details on share count, pricing and valuation estimates near $150 billion.
1. Market Reaction to Middle East De-escalation
Asian benchmarks rallied after the withdrawal of US strike threats on Iran. Tokyo’s Nikkei rose 3.47%, Seoul’s Kospi surged nearly 8%, Hong Kong’s Hang Seng added 1.72% and Shanghai climbed 1.73%, while the S&P 500 closed Thursday up 1.8%.
2. SpaceX IPO Debut Details
Elon Musk’s SpaceX is set to price and list shares later Friday in what would be the largest initial public offering ever. Investors are focused on the final share count, pricing range and potential valuation around $150 billion, with demand expected to be robust.
3. Oil Price Decline and Interest Rate Outlook
Brent crude fell 1.45% to $89.07 a barrel and West Texas Intermediate dropped 1.35% to $86.53 after the risk-on sentiment reduced Middle East supply concerns. The oil correction has tempered energy inflation pressures, influencing European Central Bank and Federal Reserve rate-hike probabilities.
