The close is in: SPCX finishes
day one at $161.11, up 19% 🏁
It's official. SPCX closed its first day of trading at $161.11 - up about 19% from the $135 IPO price, valuing SpaceX above $2 trillion. The stock ran as high as $176.52 in the afternoon before fading into the bell, so the headline is a tale of two numbers: a euphoric intraday spike near +30%, and a calmer, still-very-strong +19% finish once the froth came off.
Official first-day close per CNBC and Nasdaq, June 12, 2026. Day range $150.00-$176.52. Editorial commentary, not investment advice.
+19.3% from the $135 IPO price · market cap above $2 trillion · the largest IPO in history is in the books.
The whole first day, in four marks
Priced at $135, opened at $150, spiked to $176.52, and settled at $161.11. It gave back a chunk of the intraday top into the close - the speculative froth came off, the solid gain stayed.
A fade from the highs, but a clear win
Where a stock closes tells you more than where it spiked. SPCX touched +30% at its $176.52 high, then drifted back to close at $161.11, near the lower half of the day's range. That fade is exactly the behavior the cooling narrative flagged all day: when a 4.3%-float stock gaps euphorically, the most speculative slice of the move tends to get negotiated away. The thin float that launched it higher also let it slide back once the frenzied buyers were filled.
But don't mistake a fade from the highs for a weak debut. A +19% first-day close is a genuine success: everyone allocated at $135 finished firmly in the green, the bankers priced it tightly enough to leave a real pop without a runaway gap, and SpaceX ended the day worth more than $2 trillion - past Tesla, and with Elon Musk still the world's first trillionaire. The record IPO delivered a record result.
The scorecard: the largest IPO ever priced at $135, raised ~$75 billion, opened at $150, spiked to $176.52, and closed at $161.11 for a +19% first day and a ~$2.1 trillion valuation. By every measure of a debut, it worked - it just didn't keep the very top.
Where $161 sits - and what comes next
The close lands in a telling spot among the day's calls. It finished above the average analyst target of ~$139 (so the crowd still outweighs the cautious consensus), below Oppenheimer's bullish $190, and miles above the bear who floated the $60s. In other words, day one settled into the gap between hope and skepticism - which is about where a fairly-priced hot IPO should land.
Monday is the next test. The Canadian SPXY yield ETF begins trading, index inclusion buying ramps up, and the second session reveals whether $161 holds without the debut-day adrenaline. Beyond that sit the first earnings report and the lockup calendar that will slowly fatten the float. Day one is history. The real story starts Monday.
The 60-second version
SPCX closed its first day at $161.11, up ~19% from the $135 IPO price, valuing SpaceX above $2 trillion.
The full arc: priced $135 → opened $150 → spiked to $176.52 (+30%) → closed $161.11 (+19%). It gave back the speculative top into the bell.
A fade from the highs isn't weakness: a +19% close is a clear win, everyone allocated finished green, and Musk stays the world's first trillionaire.
The close sits above the ~$139 average analyst target and below the $190 bull case. Next tests: Monday's session, the SPXY ETF, index buying, and the lockup calendar.
The full day, start to finish, in our SpaceX IPO Live Blog · also: the $150 open · the lockup calendar.
Hear the SPCX first-day recap - and what's next.
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