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Posted on 06/12/2026 9:24:19 AM PDT by lasereye
SpaceX (SPCX) made its historic debut on Friday, opening at $150 per share. Investors' expectations for the stock were sky-high going into the start of trading.
The company, which aims to put AI data centers in space, priced its shares at $135 each, raising about $75 billion and giving it an anticipated market capitalization of $1.77 trillion. On paper, CEO Elon Musk became the world's first trillionaire.
Meanwhile, US stocks rose modestly as investors assessed reports that the US and Iran are closing in on an interim peace deal. The Dow Jones Industrial Average (^DJI) and the S&P 500 (^GSPC) rose 0.4%. The tech-heavy Nasdaq Composite (^IXIC) gained 0.1% following a surge in Wall Street stocks on Thursday as President Trump called off threatened strikes on Iranian targets.
Markets weighed signs that the US and Iran are edging closer to sealing an agreement to reopen the Strait of Hormuz when G7 leaders meet next week. Oil prices extended losses, with Brent crude futures (BZ=F) tumbling as much as 5% in early Friday trading to their lowest since March before recovering somewhat.
Also on Friday, the University of Michigan reported that US consumer sentiment rebounded from an all-time low reading of 44.8 in May to 48.9 at the start of June. One-year inflation expectations of 4.6% also came in below estimates.
(Excerpt) Read more at finance.yahoo.com ...
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pocohontas warren not happy....
...and now at #165 (+/-)
I requested a 100 shares, but only got 11 via my financial planner and Schwab.
I’m long on TSLA, I’ll wait and see:
https://stocks.apple.com/Ac4WyVOL-Sp2XeMWY08eb4Q
“Prediction market traders are increasingly betting that any merger between Tesla (TSLA) and SpaceX (SPCX) remains a longer-term possibility rather than an imminent corporate event.
According to data from Kalshi, the highest-probability timeframe currently places the chances of a merger occurring before May 1, 2027, at 51%, making it the first date on the market calendar to exceed an implied probability of 50%.”
I read this morning that Tesla is being positioned more as a robotics firm than an EV or battery firm.
With a market cap of about 2.2 trillion!
Musk owns about 42% so he’s just about a trillion aire with just that. With his Tesla holding he’s well past a trillion.
Currently Forbes real time list of richest people put him at 1.1 trillion.
Schwab got me 25 at $135...interesting times.
I cannot imagine being a billionaire LET ALONE A TRILLIONAIRE, WOW !!!!!
I tried to cancel the order and buy in at another price but it's still in the canceling state for about 45 minutes. LOL I guess there's that much trading traffic.
I have no ready cash left in my Schwab trading account to set up a new order because I had already bought and sold some call options for SPY, with the other funds tied up in the SPCX order that won't cancel. And it's all in my Roth IRA (no trading on margin, including no trading on unsettled funds). So I'm probably done until Monday unless the SPCX order cancels. LOL
Elon made many of his hard-working staff multi-millionaires-that’s even better.
I’m here with my popcorn loving the giant thumb in the eye of all Elon’s shrieking detractors. Ya didn’t have ta be fekkin Nostradamus to know this IPO was gonna go like a blast furnace.
All those Tesla owners with stupid “before Elon went crazy” stickers on their cars...
All the nimwits still salty about their Nazi salute BS...
All the Marxist phagghots still roiled about DOGE...
A FEKKIN ***TRILLIONAIRE***!!!
READ ‘EM AND WEEP, YA TWISTED, HELL-BOUND LEFTIST F**KS!!
Awwwwwwww. Anyway....... Maybe she could do a sweat lodge with perv platner. Just sayin.....
$150?
We don’t need no STEENKING $150.
As at now....
Space Exploration Technologies Corp
NASDAQ: SPCX
175.00
USD
29.63%+40.00 today
Other than the expectation that the stock will rise - which is speculation defined - what are the fundamentals of this deal that make it worth actually investing in? Or put another way, why is this not a bubble in the making?
I’m not saying it is. But from what I see and hear, I have my concerns.
SpaceX is about 90% of the worldwide rocket launch market, Starlink, and, eventually, Tesla (rolled in later). Yes, it’s a good bet it will succeed. Elon seems to have a good track record.
IPO’s that soar on the first day of trading often end up giving it all back over the next few weeks - and then continue going down. I don’t know whether that will happen with this, but I am staying away from it for now.
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