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Reuters broke news on 13 Jun 2026 that Abu Dhabi quietly began releasing a first US$3 b tranche—part of up to $20 b in Iranian-linked assets—in exchange for Tehran stopping drone and missile attacks on the UAE, but hours later the Emirati foreign ministry branded the report “entirely false.”
On 12 June 2026, SpaceX’s blockbuster Nasdaq debut sent Elon Musk’s fortune past $1 trillion—an unprecedented personal net-worth milestone.
Between 12–13 June 2026 Brent crude dropped below $90—touching $85—after President Trump scrapped planned attacks on Iran and both sides signalled a near-term peace accord that would fully reopen the Strait of Hormuz.
On 12 June 2026 SpaceX priced 555 million shares at $135 each, securing the biggest IPO ever and debuting at nearly $1.8 trillion valuation.
On 12 June 2026 SpaceX listed on Nasdaq; shares priced at $135 surged almost 20% in first hours, pushing its market value past $2 trillion and making Elon Musk the world’s first paper trillionaire.
On 11 June 2026 the European Central Bank raised its deposit rate by 25 bp to 2.25 %, its first hike in almost three years, explicitly citing the 100-day Gulf conflict’s oil-price spike as a threat to keep euro-area inflation above target into 2027.
On 11 June 2026 SpaceX fixed its IPO terms at $135 a share, aiming to raise $75 billion and list on Nasdaq tomorrow, a deal that would value the company near $1.8 trillion and reserve an unprecedented 20-30 % of stock for everyday investors.
On 12 June 2026 SpaceX set its Nasdaq debut at $135 a share, raising $75 billion and vaulting to a $1.77 trillion valuation—shattering Saudi Aramco’s 2019 IPO record while allocating an unusually large 20-30 % of shares to retail buyers.
After two decades as a private firm, SpaceX fixed its IPO terms at $135 for 555.6 million shares, opening public trading on 12 June with a $1.75 trillion valuation—by far the largest float in history.
In the final 48 hours before its 12 June debut, SpaceX priced 555.6 million shares at $135 yet received more than $250 billion in orders—while Morningstar slashed fair value to $63 and Senator Elizabeth Warren asked the SEC on 9 June to halt the listing.
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