SpaceX (SPCX) Stock Jumps 20% in Second Day of Trading After Record $75B IPO
SpaceX (NASDAQ: SPCX) shares surged 20% in their second day of trading on Monday, June 15, adding approximately $412 billion in market value and pushing the company market capitalisation past $2.5 trillion — making it the sixth-largest publicly traded company in the world.
Shares closed at $192.46 on Monday, more than 42% above the $135 IPO price, after opening at $150 and closing at $161.11 on its historic debut Friday.
SPCX Snapshot: Day 1 vs Day 2
| Metric | Day 1 (June 12) | Day 2 (June 15) |
|---|---|---|
| Opening Price | $150.00 | — |
| Closing Price | $161.11 | ~$192.46 |
| Daily Gain | +19.3% | +20% |
| Gain vs IPO Price ($135) | +19.3% | +42.6% |
| Market Cap | ~$2.1 trillion | ~$2.5 trillion |
| Value Added | — | ~$412 billion |
The Largest IPO in History — By the Numbers
| Ticker / Exchange | SPCX / Nasdaq |
| IPO Price | $135 (fixed) |
| Shares Offered | 555.6 million (~4.2% of company) |
| Total Raised | $75 billion (largest ever) |
| First-Day Open | $150 |
| First-Day Close | $161.11 (+19.3%) |
| Second-Day Close | ~$192.46 (+20%) |
| Market Cap (Day 2) | ~$2.5 trillion |
| Float | Only ~4.2% of total company |
| Retail Allocation | ~30% of public shares |
| Institutional Demand | $250B+ orders, ~4x oversubscribed |
| Lock-up Period | 180 days (expires December 2026) |
What Driving the Rally?
1. Tiny Float, Massive Demand
Only about 4.2% of SpaceX shares are publicly traded. With institutional demand exceeding $250 billion and retail investors allocated a record 30% of the offering, supply constraints are amplifying every buy order.
2. Three Businesses, One Ticker
- Falcon Launch Services — ~90% of global commercial launch market. Mature cash-flow engine. ~$4.2B revenue in 2025.
- Starlink — Satellite internet constellation with ~10,500 operational satellites. Currently the only profitable division.
- xAI — Artificial intelligence division, merged pre-IPO. Projected to represent 70% of total business value by 2030.
3. Bitcoin Treasury & Solana Token
SpaceX S-1 disclosed 18,712 Bitcoin on its balance sheet, worth ~$1.2 billion. A tokenized version of SPCX was listed on Solana via Backpack.
4. Index Inclusion on the Horizon
Under new Nasdaq rules, SPCX could qualify for Nasdaq-100 inclusion in as little as 15 trading days. MSCI inclusion took effect on June 13.
Analyst Divide: $780 Billion vs $3.1 Trillion
| Analyst / Firm | Fair Value | Rationale |
|---|---|---|
| Morningstar | ~$780 billion | Conservative: current revenue ($18.7B) and net losses ($4.9B) |
| ARK Invest | ~$3.1 trillion by 2030 | Bullish: Starlink scale, xAI monetisation, Starship cadence |
| Market (current) | ~$2.5 trillion | Pricing in Musk long-term vision |
The India Angle: Starlink Regulatory Battle
Starlink India Blocked: Just days before the IPO, Bloomberg reported that India Ministry of Home Affairs had frozen final security clearances for Starlink commercial launch. The hold stems from concerns about Starlink terminals being used in Iran without a licence, raising fears in New Delhi about controlling a US-based operator during geopolitical tensions.
What at Stake: India represents one of the largest untapped broadband markets. Starlink secured a GMPCS licence but the security impasse has stalled satellite-spectrum pricing needed for any commercial launch.
Indian Space Ecosystem: The SpaceX IPO has galvanised India emerging private space sector. Startups like Skyroot Aerospace, Agnikul Cosmos, and Pixxel are attracting increased investor attention.
Internal Links
- Elon Musk Becomes World First Trillionaire: SpaceX IPO, Tesla Surge, and the India Connection
- AI is Killing a Generation of Pre-ChatGPT Startups
Sources
- CNBC — SpaceX IPO takeaways: SPCX closes at $161
- CNBC — SpaceX stock jumps 20% in first full day of trading
- Los Angeles Times — SpaceX surges 20% in second day
- MoneyMorning — SPCX IPO Analysis June 2026
- Financer.com — SpaceX IPO Details
- Bloomberg — Starlink India Launch Hits Security Roadblock
- TechCrunch — Indian government got cold feet on Starlink
- SpaceXChart — SPCX Stock Live Price
- Reuters — SpaceX IPO prospectus and Nasdaq-100 fast-track rules
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Past performance is not indicative of future results. All investments involve risk of loss.
