SpaceX’s $2.26 Trillion Valuation Helps Keep the Tech Trade Firm

SpaceX's successful IPO at $2.26 trillion valuation has reinvigorated the tech sector. The IPO priced at $135, opened at $150, and closed at $160.95, with shares reaching $173.50 the next morning. This success, combined with a U.S.-Iran ceasefire agreement that triggered a relief rally, has boosted tech stocks significantly. Semiconductors are up 3.8%, memory stocks +7%, and software +2%. The agreement also drove down crude oil prices by 5% and boosted precious metals and Bitcoin.