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LIVE · 12 UPDATES · JUNE 12, 2026

SpaceX IPO: Live Blog 🚀

One place for every update from the largest IPO in market history. We're tracking SPCX's Nasdaq debut in real time - the $135 pricing, the dual-city opening bell, the cross indications, Elon Musk crossing the trillion-dollar line, the first Wall Street price target, and the cooling open. Newest update up top; tap any entry for the full story.

SPCXTSLARKLBASTSQQQ
3:30 PMET
INDEX BUYING● LATEST

The forced buyers are coming: index funds must buy SPCX, and the float is tiny

A structural tailwind is loading: MSCI inclusion starts June 13, the Nasdaq-100 could follow by July, and tens of billions of price-insensitive index buying (BNP: ~$8B from the Nasdaq-100 alone) will hit a ~4.3% float.

Read the full update
2:30 PMET
CROWD vs STREET

The crowd vs the Street: SPCX trades near $165, but analysts' average target is $139

A telling split: SPCX trades near $165 intraday with a record ~$33B changing hands, yet the average Wall Street 12-month target is ~$139, below the price. The crowd is buying; analysts are cautious.

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12:45 PMET
$2 TRILLION

SpaceX blasts past $2 trillion: SPCX tops $160 after opening at $150

The open didn't just hold - it took off. SPCX pushed past $160, vaulting SpaceX above a $2 trillion market cap on day one, up ~19% from the $135 IPO. Derivatives point even higher.

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12:05 PMET
IT'S TRADING

It's trading: SPCX opens at $150 - an ~11% pop in the biggest debut ever

The wait is over. SpaceX made its Nasdaq debut at $150 a share, ~11% above the $135 IPO price - a near-$2 trillion valuation that keeps Musk the world's first trillionaire.

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11:05 AMET
DELAY

Hours after the bell, SPCX still isn't trading - the open slips toward noon

Nearly three hours after the bell, no first trade yet. A tiny 4.3% float keeps the opening cross slow to settle; the open is pushed toward noon ET and the indication eases to ~$150.

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10:38 AMET
COOLING

The pop is cooling: SPCX now indicated at $160-162, down from $175

The opening cross keeps drifting lower - still a ~19% pop over the $135 list, but the froth is being negotiated away before the first trade even prints.

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10:22 AMET
ANALYST

Wall Street's first verdict: Oppenheimer says buy, $190 target

Timothy Horan initiates at Outperform - ~40% above the IPO price - on a thesis of a vertically-integrated AI-and-space giant chasing a $10 trillion market.

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10:06 AMET
MILESTONE

Elon Musk is the world's first trillionaire

Pricing the IPO at $135 repriced his SpaceX stake by nearly $200B and pushed his net worth past $1 trillion - more than 3x the world's second-richest person.

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9:49 AMET
INDICATION

SPCX indicated to open at $175 - a 30% pop before it even trades

The cross firms up near $175, an implied ~$2.3T valuation. Allocated holders are up ~$40 a share instantly; everyone else pays the pop.

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9:41 AMET
FIRST

A first in Nasdaq history: SpaceX rang the bell in two cities at once

Musk rang remotely from Starbase, Texas while Shotwell and CFO Bret Johnsen rang from New York - SPCX listing on both Nasdaq and the new Nasdaq Texas.

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9:32 AMET
OPENING BELL

The bell has rung: SPCX trades around 9:50am

The bell is ceremony - the opening cross runs on its own clock. Here's the minute-by-minute on why the first trade lands ~20 minutes late.

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9:00 AMET
EXPLAINER

Liftoff: SpaceX goes public in the biggest IPO ever

The pre-bell explainer: $135 a share, ~$75B raised, a $1.77T valuation, and demand topping $250B. The deal terms, what you're buying, and the skeptic's case.

Read the full update
📡

This page updates throughout the day. As new milestones land - the confirmed first trade, the closing price, index inclusion - we add them here and publish the full story. Bookmark it to follow the biggest IPO in history from one place.

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