US stock futures rose on Friday as investors looked ahead to SpaceX’s highly anticipated market debut and welcomed signs of easing tensions between the US and Iran. SpaceX is scheduled to begin trading on Friday and is expected to become the largest IPO in history. The company priced its shares at $135 each, raising roughly $75 billion and implying a market valuation of about $1.78 trillion.
On the geopolitical front, President Donald Trump said a peace deal with Iran could be reached as soon as this weekend, after he delayed planned strikes and warned that the US could target Iran’s oil infrastructure. Iran’s semi-official Fars news agency also reported that Tehran was likely to accept the agreement, although no final text has yet been approved.
In Thursday’s regular session, the Dow Jones Industrial Average climbed 1.86%, the S&P 500 gained 1.75%, and the Nasdaq Composite advanced 2.54%.