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US stocks open higher amid SpaceX IPO hopes
The American stock indices rose today as investors await the SpaceX IPO, which is expected to be valued at nearly $75 billion, making it the largest in history. This coincided with Iranian reports suggesting a potential peace agreement that could reopen the Strait of Hormuz, with the draft agreement including the U.S. lifting sanctions on oil and reopening the strait. The IPO is anticipated to boost the stock market, despite concerns about possible volatility due to the large size of the offering.
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