Iran Deal Close, SpaceX IPO Tomorrow, and Stocks Bounce Hard

Two sentences from Trump’s Truth Social post were enough to send markets sharply higher on Thursday: strikes on Iran were canceled, and a deal was close. 

Space stocks benefited most, with SpaceX scheduled to list on Friday in the largest IPO ever attempted. Today’s edition covers every move worth knowing before tomorrow’s trading opens.

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Trump posted Thursday morning that he was canceling planned Iran strikes after multiple countries had agreed to deal terms, saying a peace agreement could be signed “in the coming days,” triggering an immediate rally that pushed all major indexes up more than 1% and sent oil lower despite an earlier session spike.

The SpaceX IPO is set for Friday at $135 a share in what would be the largest public offering in history, with BlackRock alone putting in orders for at least $5 billion and individual investors requesting over $70 billion worth of shares total.

Polymarket traders put 60% odds that SpaceX shares close between $150 and $200 on their first day, and the entire space sector is already pricing in some of that excitement. Oxford Industries fell after reporting Q4 results that missed on Tommy Bahama revenue, and Array Digital Infrastructure dropped by nearly the amount of its $11 special dividend after going ex-dividend today.

Ford Motor Company (NYSE: F) is recalling more than 548,000 vehicles in the United States after regulators flagged a defect involving the center console in certain 2018 to 2024 Expedition SUVs. The issue involves chrome plating that can bubble and peel over time, creating sharp edges that may injure passengers.

The recall lands directly inside Ford’s large SUV business, one of the company’s most important customer categories. Expedition buyers are paying for space, comfort, safety, and durability, so even a cabin trim defect becomes a brand issue when it affects hundreds of thousands of vehicles.

Quality Control Moves Inside the Cabin

Ford’s challenge is not limited to engines, batteries, or software. A center console defect shows how small supplier problems can turn into large customer-facing repairs when they spread across years of production.

Open the door, and you see why this matters for Ford: the problem lies in the part of the vehicle families touch every day. Large SUVs have to feel solid, safe, and premium from the driver’s seat to the second row.

Expedition Trust Matters

Expedition is not a throwaway nameplate for Ford. It sits in the profitable large SUV category, where buyers expect family safety, long-term reliability, and fewer ownership headaches.

Ford now has to turn the recall into a fast repair experience rather than a lingering source of customer frustration. If the fix is handled cleanly, you get a company protecting a key SUV franchise while showing buyers it can respond quickly when quality problems reach the road.

BlackRock (NYSE: BLK) has reportedly placed an order for at least $5 billion of SpaceX shares ahead of the company’s planned public listing. The order puts BlackRock near the center of one of the largest and most closely watched IPO demand waves in years.

The world’s largest asset manager is showing how aggressively major institutions want access to rare, high-growth private companies once they move toward public markets.

BlackRock Wants the Scarce Asset

SpaceX is not a normal IPO candidate. It sits across rockets, satellites, defense-adjacent infrastructure, broadband, and commercial space services, giving large institutions a shot at a company they rarely get to buy at scale.

When a listing draws this level of demand, you see why BlackRock wants a meaningful seat at the table. The firm is not pursuing a routine offering; it is seeking exposure to a business that could define the next phase of space infrastructure.

Private Markets Move Closer to Mainstream Portfolios

BlackRock has been pushing deeper into private markets, infrastructure, and alternative assets. A major SpaceX order fits that direction, as investors increasingly want exposure to companies before, during, and after they go public.

SpaceX demand shows where the money is moving. If BlackRock secures a large allocation, you get a company strengthening its role as a gateway between elite private assets and the investors trying to own the next generation of market leaders.

Global trade is changing as more countries explore payment systems outside the U.S. dollar.

If dollar demand weakens over time, investors may look more closely at gold and other hard-asset opportunities.

A free report explains why some analysts are watching gold-linked assets that may still trade at a discount compared with gold’s recent strength.

See the Free Gold Report.

Alphabet (NASDAQ: GOOGL) is expanding enhanced home listing ads across all 50 U.S. states, giving homebuyers property photos, prices, features, and direct access to local real estate agents inside Google Search. The rollout turns a limited test into a national product aimed at one of the highest-value consumer search categories.

The play is clear. Google wants more of the real estate search journey to happen before users leave its platform, especially when buyers are still comparing homes, asking questions, and deciding which agent to contact.

Agents Get a New Lead Channel

Real estate professionals can use the expanded ads to reach buyers while they are actively searching. Existing Local Services Ads agents can appear in the enhanced format, while new agents and portal partners can join through Google’s ad system.

That makes your attention land on the real business shift. Google is not only selling ad space but also building a lead-generation layer for one of the most competitive local services markets in America.

Real Estate Adds Fresh Ad Depth

Housing search is full of high-intent users, large transaction values, and local competition. Those ingredients make it an attractive category for Google’s advertising business, especially as brands and service providers fight harder to reach customers earlier.

If the format gains traction, you get Google expanding beyond basic search ads into a richer marketplace-style experience. The implication goes beyond home listings because the same model could strengthen Google’s role in other local services where discovery, trust, and direct booking matter.

Momentus [MNTS] $16.52 (+45.69%)

Momentus is a space transportation company, and today every space name is running on two simultaneous catalysts: Trump canceling Iran strikes and SpaceX listing tomorrow.

MNTS has $76 million in cash, no debt, and the Vigoride 7 mission progressing. This is unambiguously a momentum trade in front of the world’s largest IPO. The thesis is real. The pace of the move says traders, not institutions, are in the driver’s seat.

Velo3D [VELO] $30.70 (+35.36%)

Velo3D builds 3D-printed metal components for rockets, defense systems, and aerospace applications, and every session where the Iran war de-escalates and the space sector rallies is a good one for this name.

Strong Buy rated at a $914 million market cap, this is not just a momentum play — the DoD contract, the first-ever positive gross margin in Q1, and the defense customer base are all intact underneath the rally.

Virgin Galactic [SPCE] $5.96 (+26.54%)

Virgin Galactic is running on two things: the SpaceX IPO halo effect and the fact that its ticker (SPCE) is remarkably close to the SpaceX ticker (SPCX), which retail investors keep confusing.

Jefferies has a Buy rating and a $5 target. The Delta-class spaceship is in development. Commercial flights are targeting a return in Q4 2026. The confusion-driven flow is real, and the underlying story is getting better at the same time.

Factorial Energy [FAC] $17.27 (-21.29%)

Factorial Energy debuted on Nasdaq three days ago at a $1.3 billion SPAC valuation after completing its merger with Cartesian Growth Corporation III, ran from $9.26 to $25 in 48 hours, and is now returning to Earth.

Backed by Mercedes-Benz and In-Q-Tel, with solid-state batteries validated in a 1,205 km Mercedes EQS test drive. The product is real. The SPAC-debut volatility is also real, and this is the compression side of that trade.

Oxford Industries [OXM] $35.92 (-17.33%)

Oxford Industries owns Tommy Bahama, Lilly Pulitzer, and Johnny Was, and reported Q4 results after the close on Wednesday that missed revenue expectations as consumers pulled back on discretionary resort and lifestyle apparel spending.

Tommy Bahama, the flagship brand, bore most of the pressure. Gas prices eating into consumer wallet share is the macro context. When people are spending more at the pump, they spend less on $200 linen shirts.

Dana Incorporated [DAN] $30.11 (-15.11%)

Dana makes drivetrains and sealing systems for commercial vehicles and EVs, and is falling in a session where auto parts suppliers are being reassessed on Iran war energy cost exposure and slowing EV adoption in key markets. No specific June 11 negative catalyst confirmed.

The stock trades at a loss annually and is down from highs as the electrification spending thesis gets stress-tested by a higher-for-longer rate and fuel environment.

SpaceX is reportedly hosting 1,500 retail investors on June 11 — just one day before its IPO.

And according to Dylan Jovine, one small public supplier could be named inside the infrastructure story behind Starlink, Colossus, and the AI power buildout.

This company helps build the power equipment needed to keep massive GPU systems running  and most investors may not know the name yet.

Get the name before Investor Day.

That's it for today! Please, write us back, and let us know what you think of the Closing Bell Roundup. We're always eager to hear feedback!

Thanks for reading. I'll see you at the next open! 

Best Regards,
— Adam G.
Elite Trade Club

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