SpaceX blasts past
$2 trillion 馃搱
The open didn't just hold - it took off. After its first trade at $150, SPCX pushed straight through $160 a share, vaulting SpaceX above a $2 trillion market cap on day one - up roughly 19% from the $135 IPO price. The question from the open ("does $150 hold?") got answered fast: buyers stepped in, not out, and the derivatives market is pointing even higher.
Live as of ~12:45 PM ET, June 12, 2026. Intraday prices move fast and the market is still open - this is not the closing mark. Editorial commentary, not investment advice.
SPCX topped $160 after opening at $150 - about +19% over the IPO price, and clear of TSLA in the rankings.
A $2 trillion company on day one
Crossing $2 trillion puts SpaceX in rarefied air - a club of a handful of companies, reached on its first day as a public stock.
The open held - and the buyers kept coming
When SPCX printed its first trade at $150, the open question was whether that was a ceiling built by the auction or a floor built by real demand. The early answer is clear: the stock climbed past $160 rather than fading toward $135. On a name with a 4.3% float, that thin supply cuts both ways - and right now it's amplifying a move up, as buyers chase a tiny pool of tradable shares.
Momentum signals are leaning the same direction: a perpetual contract tied to SpaceX has been pointing toward a first-day gain around 35% - roughly $182 - well above where the stock is trading now. That's not a price, it's a wager, but it captures the mood. The debut that took until midday just to open is now the strongest large-cap momentum story on the tape.
The move past $160 puts Oppenheimer's $190 target back in view - the bull case that looked aggressive at the open suddenly looks like the next handle up.
Keep the champagne on ice - it's still intraday
One caution worth repeating: this is a first-session move, not a verdict. The same skinny float that's juicing the rally can reverse it just as fast, and a $2 trillion price tag still implies a triple-digit revenue multiple that the bears - one of whom floated a path back toward the $60s - say has to be grown into. Day-one euphoria has handed plenty of hot IPOs a hangover by week two.
None of that erases the milestone. Crossing $2 trillion on the first day of trading, in the largest IPO ever, is a genuinely historic line to cross. The number that goes in the record book, though, is the close - and that's still a few hours away.
The 60-second version
After opening at $150, SPCX topped $160, pushing SpaceX above a $2 trillion market cap on day one - up ~19% from the $135 IPO.
The open held and climbed: buyers stepped in, not out. The tiny 4.3% float is amplifying the move up as demand chases scarce shares.
Derivatives point higher still - a perp contract has implied a ~35% first-day gain (~$182), putting Oppenheimer's $190 target back in view.
Still intraday, not the close. A thin float cuts both ways and a ~$2T tag is a rich multiple - the record-book number is the closing price, hours away.
Part of our SpaceX IPO Live Blog 路 the live thread: the $150 open 路 the $190 bull case.
Hear the SPCX rally explained - as it happens.
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