Welcome to Markets Desk, here's what's moving the needle this Saturday.
SpaceX made a striking debut on public markets, opening at one hundred fifty dollars per share and closing near one hundred sixty one, a gain of roughly nineteen percent above its IPO price of one hundred thirty five. For a company of this scale and ambition, that kind of first-day pop signals genuine institutional appetite, though seasoned investors know the hype premium rarely holds indefinitely.
Shifting to the geopolitical picture, President Trump is expected to raise the demining of the Strait of Hormuz at next week's G7 summit in France, with Britain and France both signaling interest in participating. A deal to end the conflict with Iran is reportedly within reach, and clearing that critical shipping lane would carry significant implications for global oil flows and energy markets broadly.
Closer to home, Meta Platforms is drawing fresh attention from analysts who point to the durability of its advertising engine, which accounts for more than ninety seven percent of total revenue. With the stock having pulled back from recent highs, some see a compelling entry point, particularly given Meta's continued dominance in social reach and its expanding AI infrastructure investment.
That's the tape. Markets Desk, signing off the floor.
