IPO Overview
SpaceX (NASDAQ: SPCX) priced its initial public offering at $135 per share on June 12, 2026, raising $75 billion in the largest public offering in history. Underwriters exercised their greenshoe option on June 15, increasing total proceeds to $85.7 billion.
Market Performance
Within four trading sessions the stock appreciated roughly 50% from its IPO price. On Tuesday the share closed at $201.80, a 4.83% rise, implying a market capitalization of approximately $2.65 trillion—about $8 billion higher than Amazon’s valuation. In after‑hours trading on Monday, SPCX briefly touched $229.85, pushing its implied value above $3 trillion and overtaking both Amazon and Microsoft. The regular‑session intraday high of $225.64 later that day kept SpaceX ahead of Amazon and neck‑and‑neck with Microsoft for the fourth‑largest global market‑cap company.
Derivatives and ETF Activity
The surge was reinforced by a flurry of options listings, with market‑makers hedging newly written calls, a dynamic that amplified underlying price moves. Leveraged exchange‑traded products mirrored the rally: ProShares Ultra SpaceX ETF (SPCF) closed up 10.16% at $38.37, while GraniteShares 2x Long SpaceX Daily ETF (SPAL) rose 9.84% to $38.26. Additional leveraged and inverse instruments—including Direxion’s LOFF and DOWN, Tradr’s SPCM and SPCG, and Defiance’s SPCU—are actively traded on the NYSE, offering retail participants a broad range of directional exposure.
Trading Volume
SPCX volume for the session was about 311.4 million shares, below its nascent average of roughly 389 million shares, indicating strong participation but not yet at historically extreme levels. A sizable share of the volume appears to stem from activity in structured and leveraged products rather than pure equity purchases.
Tokenized Listing
Beyond traditional exchanges, a tokenized version of SpaceX stock (SPACEX/USD) is listed on Biconomy.com, highlighting the IPO’s role in stress‑testing both conventional and decentralized market infrastructures.
Outlook
Analysts will watch whether SpaceX can sustain the $2.7 trillion market‑cap level and push toward the $3 trillion threshold suggested by the after‑hours peak. The $225.64 session high serves as the immediate technical ceiling, while the $135 IPO price remains a psychological floor for long‑term holders. Formal analyst price‑target initiations are expected after the quiet‑period restriction lifts, and any lock‑up releases will be closely monitored. In the interim, options flow, potential index‑inclusion timelines, and broader risk appetite are likely to drive further price action.