Elon Musk simply couldn’t have hoped for a better backdrop for the maiden quarterly result from SpaceX.After the S&P 500 drifted sideways for the best part of three months, it rose 1.8 per cent on Tuesday night to a record high. The surge happened as investors latched on to comments from US Treasury Secretary Scott Bessent, who predicted that a deal to re-open the Strait of Hormuz could be sealed in the next few days.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles