SpaceX Stock Surges 19% on Record $75B IPO Debut, June 13

SpaceX made its Nasdaq debut on June 12 under ticker SPCX, closing at $160.95, up 19% from the $135 IPO price. The company raised $75 billion, the largest IPO ever, and ended the day valued at $2.1 trillion. Elon Musk became the world’s first trillionaire. For retail investors, this marks a major shift: index funds and 401(k) plans will soon own SpaceX shares whether investors choose it or not.

Record-Breaking First Day

SPCX opened at $150 and traded as high as $176.52 intraday before closing at $160.95. More than 500 million shares changed hands, approaching Facebook’s first-day volume of 580 million shares in 2012. Extended trading added another $100 billion to the company’s market cap. The stock’s RSI hit 99.77, signaling overbought conditions, while the MACD histogram of 13.28 shows strong upward momentum.

Why the IPO Matters Now

SpaceX has been cash-flow positive since 2015 but accumulated $41.3 billion in losses since its 2002 founding. The company plans to deploy over 100,000 satellites for communications and build AI data centers in space. In February 2026, SpaceX acquired Musk’s xAI startup, bringing AI models, data centers, and the social network X under one roof. Analysts at Morgan Stanley and Goldman Sachs led the offering, each earning $100 million in fees.

Meyka’s Take and Analyst Consensus

Meyka rates SPCX a B with a 12-month forecast of $22.51, suggesting limited upside from current levels. However, analyst consensus shows three buy ratings against one sell rating. The stock’s price-to-sales ratio of 245.41 and price-to-book ratio of 15.36 reflect extreme valuation premiums. With Meyka’s B grade and mixed analyst sentiment, the data points to elevated risk after the opening pop.

Broader Market Impact

The S&P 500 rose 0.5% to 7,431.46, while the Nasdaq added 0.31% to 25,888.84. Tesla shares climbed 1.8% to $406.43 as Musk’s wealth surge boosted investor confidence. The IPO parade is expected to accelerate, with OpenAI and Anthropic planning their own public offerings later in 2026. Retail investors should expect SpaceX to enter major indices within months, forcing passive funds to buy the stock automatically.

Final Thoughts

SpaceX’s $75 billion IPO and 19% first-day gain mark a historic moment, but Meyka’s B rating and extreme valuations suggest caution. Most retail investors will own SPCX through index funds whether they want it or not.

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The content shared by Meyka AI PTY LTD is solely for research and informational purposes.  Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.