KWBW News & Analysis

SpaceX (SPACE) IPO Valuation Exceeds $2 Trillion on 19% Gain

SpaceX shares began trading on Nasdaq on June 12, 2026, opening at $150 and gaining 19%, which increased its market capitalization to approximately $2.09 trillion. The stock reached a session high of $176.52, surpassing its IPO price of $135. Analysts anticipate continued interest from retail investors and note the potential for SpaceX to be a top performer. Additional trading data reveals that the Procure Space ETF (UFO) dropped over 6% as investors shifted focus to SpaceX, indicating market volatility in related sectors.