A historic day on Wall Street − SpaceX made Musk a billionaire

SpaceX’s initial public offering was about $75 billion, making it the largest IPO of all time.

The company went straight to the ranks of the world’s largest companies, and at the same time About Elon Musk became the world’s first billionaire. The company is about to enter the Nasdaq index in the coming weeks, but it is not yet qualified for the S&P 500 index, which follows large companies.

The mood on Wall Street was improved by the president Donald Trump’s assessment that a deal between the US and Iran could emerge soon.

The S&P 500, which broadly tracks large companies, rose 0.5 percent. The technology-focused Nasdaq gained 0.3 percent. The flagship Dow Jones index rose 0.7 percent.

The approach of the Iran deal put pressure on the price of oil. The price of US WTI crude oil fell 3.8 percent to $84.38 a barrel. The price of Brent reference quality was around $87 per barrel.

The drop in oil prices eased investors’ inflation concerns. At the same time, the market estimated that a possible interest rate hike by the US central bank Fed would be postponed until next year.

Data released on Friday showed that consumer confidence in the United States strengthened, while inflation expectations softened.

Network equipment manufacturer on the New York Stock Exchange Nokian depository receipt, or ADR, rose 5.0 percent to $14.80.