SPCX on Nasdaq: SpaceX Is Trading. $135, Records, and Full Chaos
The biggest IPO in history hit the market. First day, indexes lining up to buy, retail in meltdown mode.
They locked the price yesterday. Today, June 12, SpaceX is actually trading on Nasdaq under ticker SPCX.
Opening price - $135 a share. The offering raised $75 billion. Company valuation - about $1.77 trillion. For context: Saudi Aramco once raised $29.4 billion. SpaceX pulled more than two and a half times that.
By market cap SpaceX lands instantly in US elite - seventh among public companies, next to giants like Meta and ahead of Tesla on deal size (though not necessarily on stock momentum).
First day isn’t just pretty numbers in a press release. It’s:
- Gaps at the open
- Massive volume
- Memes, broker app screenshots, and “bubble or new era” fights
Separate story - passive funds. Nasdaq changed the rules: companies in the top 40 by market cap can join the Nasdaq-100 after just 15 trading days. MSCI could add SPCX in roughly 10 sessions. BNP Paribas analysts estimate index buying alone could bring billions of dollars in the first month.
S&P 500 is a dream for later: you need four quarters of positive GAAP profit. SpaceX, remember, is still in the red on annual numbers despite Starlink revenue.
Musk keeps 82.4% of voting power. Public company, one person’s control.
If you jumped in today as a retail investor - welcome to the loudest IPO of the decade. If you waited for a “discount after the hype” - the market might not rush to give you one: index money arrives on schedule, not on common sense.
We’re watching the close: does $135 hold or does day one show who’s an investor and who just bought a rocket for their portfolio screenshot.