$SPCE Prices at $135, Iran Deal Incoming — Markets Just Had the Best Day Since April
Iran deal optimism + the largest IPO in history = one extremely chaotic Wednesday that somehow ended green
Ticker Ratings
| Ticker | Rating | Entry Price | Current | $ Gain | % Gain |
|---|---|---|---|---|---|
| SPCE Virgin Galactic Holdings, Inc | hold | $6.49 | — | — | — |
| ADBE ADOBE INC. | sell | $206.67 | — | — | — |
| INTC INTEL CORP | buy | $118.51 | — | — | — |
| DAL DELTA AIR LINES, INC. | buy | $81.65 | — | — | — |
| UAL United Airlines Holdings, Inc. | buy | $112.21 | — | — | — |
| ORCL ORACLE CORP | sell | $184.26 | — | — | — |
| GOOGL Alphabet Inc. | buy | $360.17 | — | — | — |
Two things happened Wednesday that Wall Street will be talking about for years: President Trump canceled planned military strikes on Iran — signaling a deal is imminent with sign-off from Israel, Saudi Arabia, UAE, and a list of countries long enough to fill a UN seating chart — and $SPCE priced at $135/share, raising $75 billion in the largest IPO in human history. The S&P 500 jumped ~1.4%, the Nasdaq 100 surged ~2.6%, and the SOX semiconductor index went absolutely feral at +5.7%. Oil got the memo too — WTI crude dropped to $86.50 as Strait of Hormuz fears unwound faster than a leveraged short.
The SpaceX story is genuinely bananas: $100 billion oversubscribed, priced at roughly 90-99x revenue, and NASDAQ literally changed its fast-entry rules so passive funds tracking $15-25 trillion in assets become forced price-takers almost immediately. Tom Lee is bullish. ARK wants it at $300 billion. Skeptics say the $28 trillion TAM is 'absolute fantasy.' Retail got ~25% of allocations — less than the originally targeted 30% — while hedge funds got cut back hard. Meanwhile $ADBE was quietly having a meltdown after its CEO announced his resignation, down 6%+ and sitting at lows not seen since 2019.
Airlines like $DAL and $UAL caught a rocket of their own on lower fuel cost hopes, while $INTC ripped ~10% on a Bank of America double upgrade — proof that sometimes all a beaten-down chip stock needs is one analyst with conviction and a strong Wi-Fi connection. If the Iran deal actually gets signed in Europe this weekend, we might look back at this week as the moment the market stopped flinching and started sprinting.