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SpaceX, SpaceX, SpaceX (and an Iran deal)
SpaceX, SpaceX, SpaceX — and an Iran deal. The world's largest IPO closed up 19.2% at $160.95, valuing SpaceX at $2.1 trillion and making Elon Musk the world's first trillionaire. But overnight the bigger story landed: Pakistan's PM confirmed the U.S. and Iran have reached a peace deal, with a signing ceremony set for June 19 in Switzerland. Oil crashed to $81 WTI on futures as markets priced in the Strait of Hormuz reopening. We break down the SpaceX lockup schedule and when insiders can sell, the draft MoU terms including $25B in unfrozen Iranian assets, what the Iran deal really means for…
The skinny
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