U.S. stocks ended higher on Friday afternoon 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 rose above the IPO price of $135 apiece, valuing the company at more than $2 trillion.
Shares of other space stocks, which have soared in the lead-up to the debut, eased on Friday, including Rocket Lab , Intuitive Machines and Planet Labs.
