SpaceX IPO Update

SpaceX makes its public market debut Friday, June 12, 2026, on the Nasdaq under the ticker SPCX, priced at 135 dollars per share at a valuation of roughly 1.77 trillion dollars in what is expected to be the largest IPO in history. The company is targeting around 75 billion dollars in proceeds. The IPO is lifting the entire publicly traded space sector. In Thursday after-hours trading, Virgin Galactic (NYSE: SPCE) jumped 13.26 percent to 6.49 dollars, AST SpaceMobile (NASDAQ: ASTS) rose 6.86 percent to 104.25 dollars, Rocket Lab (NASDAQ: RKLB) gained 5.85 percent to 121.50 dollars, Planet Labs (NYSE: PL) climbed 4.77 percent to 35.80 dollars, and Intuitive Machines (NASDAQ: LUNR) added 4.43 percent to 32.00 dollars as traders rotated into the next-best space names ahead of the IPO. Wall Street started coverage hot. Oppenheimer (NYSE: OPY) initiated SpaceX with an Outperform rating and a 190 dollar price target, implying roughly 41 percent upside, calling the company the only vertically integrated AI player with the capital, data, models, hardware, and engineering talent at scale. Critics are vocal. Economist Robert Reich called the IPO "the universe's largest Ponzi scheme," noting Musk priced SpaceX at roughly 100 times its 2025 revenue of 18.7 billion dollars and flagging that Class B shares carry 10 times the voting power of public shares. Senator Elizabeth Warren (D-Mass) sent a letter urging the SEC to delay the offering over valuation and governance concerns. Iran reportedly added SpaceX infrastructure and shareholders to its target list per Fars News, with Starlink ground stations in Israel, Qatar, Jordan, the UAE, and Oman cited as potential exposures. At 135 dollars a share, Elon Musk's SpaceX stake is worth roughly 688 billion dollars, lifting his estimated net worth to around 971 billion dollars per Bloomberg, leaving him about 29 billion dollars short of becoming the world's first trillionaire. Tesla (NASDAQ: TSLA) is also in focus, with investor Gary Black predicting some Tesla shareholders will sell to fund SPCX positions. #SpaceXIPO #SPCX #ElonMusk --- 🖥️ Try Benzinga Pro FREE with a 14 day trial: https://www.benzinga.com/pro/register 📈 Take your trading to the next level with our suite of premium research services and tools: https://www.benzinga.com/services 🌐 Find more market-moving insights at https://www.benzinga.com — your one-stop destination for the latest financial news, data, and expert analysis to stay ahead of the markets. 📲 Follow us on socials @benzinga ------------------------------------------------------------------------------------ 🔹Free Benzinga Webinars: https://www.youtube.com/watch?v=LQ2jOJNkDfI&list=PL4k0fH8EgI3YTdqniRmxrvz97w3IQ61rD 🔹Benzinga Pro Tutorials: https://www.youtube.com/watch?v=a2FaHhLIrks&list=PL4k0fH8EgI3YMwoBMFXGvVMkgixFymmei&pp=gAQB 🔹Earnings Calls: https://www.youtube.com/watch?v=C2-AoCw64Ok&list=PL4k0fH8EgI3buZI5529R53wJUNd9NS4_s 🔹Premarket Playbook: https://www.youtube.com/playlist?list=PL4k0fH8EgI3ZVRPM7INpG--GvohnBVTnT 🔹Benzinga's All Access: https://www.youtube.com/playlist?list=PL4k0fH8EgI3bQSn91atO-3lPT4V6Nwsmh 🔹Subscribe To The Channel: https://www.youtube.com/@Benzinga ------------------------------------------------------------------------------------ ⚠️ Disclaimer: Investing in financial markets carries risk, and there are no guaranteed returns. All information is for educational purposes only and should not be taken as financial advice. Always do your own research and speak with a qualified financial advisor before making investment decisions. Only invest what you can afford to lose. Past performance does not guarantee future outcomes. #StockMarket #StockMarketNews #Trading #StockMarketLive #Stocks #stocktrading #learntotrade #DayTrading #StockMarketToday