Wall Street Rallies on Iran Deal as SpaceX Shares Skyrocket

Wall Street indexes rose Monday following a 60-day ceasefire agreement between the U.S. and Iran, while SpaceX shares climbed 7.4% on the company’s second trading day. According to Reuters, the IPO made Elon Musk the first trillionaire, with SpaceX reaching a market valuation exceeding $2.1 trillion.

Why did Wall Street jump on Monday?

Markets rallied after the U.S. and Iran reached an intentional agreement for peace and a 60-day ceasefire. The S&P 500 rose 1.4%, the Nasdaq climbed 2.4%, and the Dow Jones increased by 1%, according to market data from 4:00 PM. Pakistan’s prime minister stated the agreement will be signed in Switzerland this Friday.

Oil prices reacted immediately to the geopolitical shift. Crude fell 4.2% since midnight, trading at approximately $82 per barrel. Donald Trump claimed victory on Truth Social, stating that previous presidents failed to secure peace with Iran where he succeeded.

How did the SpaceX IPO affect Elon Musk’s wealth?

Elon Musk became the world’s first “dollar-billionaire”—a person with a net worth exceeding one trillion dollars—following the SpaceX public listing, according to Reuters. The stock closed Friday at $160.95, a 20% increase over the price set during the $75 billion capital raise.

The momentum continued into Monday. Pre-market trading showed a potential 4.97% gain, which expanded to a 7.4% increase by 4:30 PM. The company’s total market value now exceeds $2.104 trillion.

Is SpaceX profitable despite its trillion-dollar valuation?

There’s a stark contrast between SpaceX’s valuation and its current earnings. The company reported a loss of roughly $5 billion in 2025, yet it was valued at $1.77 trillion during its initial public offering. This gap shows that investors are pricing in future dominance rather than current cash flow.

Musk addressed the company’s trajectory during a livestream on X. He noted that the firm started in a warehouse in El Segundo and admitted he once believed the company would fail.

What is the investor sentiment surrounding SpaceX?

Retail interest is hitting record levels. Else Sundfør, a savings economist at Nordnet, reported 15,000 trades in SpaceX shares within the first 45 minutes of market opening on Friday. She described these volume levels as “insane.”

Institutional confidence is similarly high. Camilla Vik, an investment economist at DNB, told reporters that the bank sees broad optimism and strengthening investor confidence in the space sector during pre-market activity.

What are the future goals for SpaceX?

The company’s roadmap extends beyond traditional satellite launches. In his opening speech on Friday, Musk stated the goal is to take humans to the moon, Mars, and deeper into space.

SpaceX is also integrating its other ventures into its core mission. The company’s portfolio now includes Starlink satellites, the Starship rocket, X (formerly Twitter), and Grok/xAI. A major future focus involves building AI data centers in space and the eventual colonization of Mars.

Frequently Asked Questions