SpaceX IPO Goes Live, Power Emergency Hits the Southeast, & Iran Deal Takes Shape | June 12, 2026 – Morning Market Briefing

Tom and Thomas discuss SpaceX's IPO trading kicking off around midday with crypto markets implying a $2.3 trillion valuation 30-50% above the IPO price, the heavy skepticism that SPCX can hold that level, the Trump administration's power emergency declaration in the southeastern US allowing plants to exceed pollution limits during dangerous heat, and the framework of the Iran deal including a 30-day Strait of Hormuz reopening, $300 billion in reconstruction funding, the release of $24 billion in frozen assets, and a permanent end to hostilities.Join our live YouTube stream Monday through Friday at 8:30 AM EST:http://www.youtube.com/@TheMorningMarketBriefingPlease see disclosures:https://www.narwhal.com/disclosure