Analysis: Optimism surrounding SpaceX's IPO and the Middle East situation drove US stock index futures higher.

CoinFeed reported on June 12 that U.S. stock index futures rose ahead of the market open on Friday, primarily driven by optimism surrounding SpaceX's upcoming IPO. Expectations of a potential interim peace agreement in the Iranian conflict also boosted market sentiment. Nasdaq announced that SpaceX would list on Nasdaq at 9:50 a.m. ET and begin trading at 10:00 a.m. Pre-IPO derivatives trading indicated that the stock was expected to rise by 30% to 50% as retail investors flocked to the market. Todd Sohn, chief ETF strategist at Strategas Securities, stated that stock index futures prices were rising because "it's a combination of factors, including weaker oil prices, the SpaceX hype, and the market still being built on a strong earnings foundation." Regarding SpaceX, he said, "Demand has clearly surged to its peak."