SpaceX’s $75B IPO Soars Above $225, Retraces 25–30% to $152.86
SPCX•SpaceX launched a $75 billion IPO at $135 per share on June 11, opened at $150 and soared to an intraday high above $225, briefly lifting its market cap past $2 trillion. The stock has since retraced 25–30%, trading around $152.86 after multiple double-digit one-day declines.
1. IPO Pricing and Initial Surge
SpaceX priced its $75 billion IPO at $135 per share on June 11, 2026, opened at $150 and rallied to an intraday peak above $225, briefly pushing its market capitalization over $2 trillion.
2. Rapid Retracement
Following the initial surge, SPCX shares surrendered most gains, sliding 25–30% from the highs and trading near $152.86 after several consecutive days of double-digit percentage declines.
3. Broader IPO Market Implications
The sharp volatility in SpaceX’s debut has heightened investor scrutiny of mega-IPOs, prompting rival issuers such as OpenAI to consider postponing their public offerings until market conditions prove more stable.
