U.S. stocks ended higher on Friday as investors held out hope for a peace deal between Iran and the United States and as SpaceX shares surged in their debut, making it Wall Street's biggest public listing in history. The United States and Iran signalled that an agreement to end their war was close, with a senior U.S. administration official saying a draft proposal was in place that was liked by both sides. U.S. President Donald Trump has said several times since mid-March that a deal with Iran to end the war was close. Market participants were glued to shares of Elon Musk's SpaceX , which began trading on the Nasdaq on Friday. Its shares closed up 19.2% at $160.95, well above the IPO price of $135 apiece. Its market capitalization was last at $2.1 trillion.
Shares of other space stocks, which soared in the lead-up to the debut, eased on Friday. Rocket Lab's stock fell 10.8%, while Intuitive Machines was down 13.1% and Planet Labs declined 8.8%.
