Two events sat one day apart this week, and the proximity is doing more work in people’s heads than it should. On the afternoon of June 11, after vowing that morning to launch “bigger” and “more powerful” strikes on Iran that night, Trump cancelled them, posting that talks had been carried to the highest level of Iranian leadership and approved. The next morning, SpaceX listed on the Nasdaq under SPCX, priced at $135, and closed up roughly nineteen percent at $161 — the largest IPO in market history, executed against a calm tape. The temptation is to draw a line between the two: the strikes were withheld to keep the Gulf quiet and Musk’s listing clean.