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🚀 LIVE: SpaceX opens at $150 following largest IPO ever

Channel: Yahoo Finance Published: 2026-06-12 11:03
Yahoo Finance

Yahoo Finance’s live coverage focused on SpaceX’s first day of public trading after its IPO priced at $135 and opened at $150, an 11% pop. The panel treated the move as a controlled, orderly debut rather than a frenzy, and spent much of the segment debating what the opening price means for retail demand, Elon Musk’s wealth, and the ripple effects across other space-related names and Tesla.

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Detailed summary

The segment was a live Yahoo Finance roundtable from the NASDAQ built around SpaceX’s first public trade. The speakers repeatedly emphasized that the IPO had been unusually controlled: the company priced at $135, only a small float was released, Elon Musk retained about 85% of voting shares, and the listing opened at $150 rather than much higher. That opening was framed as an 11% pop and, in the panel’s view, a sign of healthy price discovery rather than a speculative blow-off. They described the debut as a win for both the company and the exchange, and praised NASDAQ’s execution. A core theme was the tension between retail enthusiasm and the actual opening print. …

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Main takeaways

  1. SpaceX opened at $150 after pricing at $135, an 11% gain on first trade.
  2. The panel viewed the debut as orderly and tightly controlled rather than euphoric.
  3. Retail demand was strong but some investors were under-allocated, which may support later buying.
  4. Other space-related stocks sold off as money rotated toward SpaceX.
  5. Tesla was discussed as closely tied to Musk’s ecosystem and under pressure on the day.
  6. Future catalysts mentioned included earnings, index inclusion, and later lockup expirations.

Market read by horizon

Short term

Tactically, the stock looks supported near the debut range as retail buyers who were under-allocated try to chase the first day. The main risk is a quick fade if the opening pop cannot hold into the close.

  • Watch the first-day close, which the panel repeatedly flagged as important for confirming whether demand persists beyond the open.
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  • Near-term trading may stay supported if frustrated retail buyers keep chasing the stock after being under-allocated in the IPO.
  • A sharp upside extension from here could still trigger concern about overheating, so the panel favored a controlled move.
Mid term

Over the next few weeks, the stock likely oscillates between post-IPO enthusiasm and supply overhang concerns, with index buying providing support before lockups become a bigger issue. Confirmation comes from holding the early trading range and attracting steady volume.

  • Over the next several weeks, the key question is whether SpaceX can hold above its debut range and build a stable post-IPO base.
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  • The panel expects additional demand from passive/index buying before the first major supply overhang from lockups.
  • First earnings will matter as the market shifts from narrative to fundamentals, especially if losses are large as expected.
Long term

Structurally, SpaceX may become a benchmark for founder-controlled, scarcity-priced listings that command outsized attention and create ecosystem effects across related names. The longer-run question is whether public markets reward the company’s strategic dominance more than its eventual earnings profile.

  • The transcript frames SpaceX as a structurally important public-market asset because of its size, scarcity, and Musk’s control.
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  • Longer term, the company may become a reference point for how public markets price extreme optionality, founder control, and strategic scarcity.
  • The panel implies that Musk’s broader corporate empire, including Tesla and space-related ventures, may matter as a lasting regime feature rather than a one-off story.
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Key claims (6)

BULLISH IPO pricing SpaceX

SpaceX opened at $150 after pricing the IPO at $135, implying an 11% first-trade pop.

The opening trade and pop were stated directly by the panel.

NEUTRAL market sentiment SpaceX

A controlled opening was preferable to a huge first-day surge because an extreme pop could have signaled broader-market froth.

The panel explicitly said a 30-40% pop would have raised alarm bells.

BULLISH retail demand SpaceX

Retail investors may have been under-allocated, which could create additional buying later as they try to get exposure in the open market.

The speakers tied muted opening strength to retail allocations and later chasing behavior.

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Assets discussed (6)

SpaceX — SPCX
BULLISH stock

Opened at $150 after pricing at $135, described as an orderly first-day pop with strong demand.

Tesla — TSLA
BEARISH stock

Mentioned as down on the day and discussed as tied to Musk’s broader empire, with the panel noting weakness.

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Speakers

HOST Julie Hyman GUEST Brooke DiPalma GUEST Brian Sozzi

Interview (7 Q&A)

opening price guess

What was your guess for where SpaceX would open on its first day of trading?

Brian said he agreed with the 150 guess initially but thought it might go higher to 180-190, but is now seeing the price discovery come in around 150.

NASDAQ scene

What are you seeing and hearing at the NASDAQ right now as SpaceX opens at $150?

Brooke reports she is a floor below where the first trade happened, surrounded by families and executives who waited years for this. The excitement has been building all morning. She notes May Musk was there taking a photo before the first trade.

opening price

Why did SpaceX not open significantly higher given the 20% retail allocation and high demand?

The panel discusses that retail investors who got shut out may now be trying to buy in, levered ETFs also need to get in, and the controlled opening is actually a positive sign rather than a buying frenzy that would set off alarm bells.

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Where this transcript pushes against consensus

  • One speaker thought the stock would open closer to $250, while others expected a more modest $150-190 range.
  • There was disagreement over whether a bigger opening pop would have been healthy or alarming for broader markets.
  • The panel debated whether retail demand was strong enough to push the stock materially above the opening print.
  • Speakers differed on how much the space-sector selloff reflected direct competition versus simple portfolio rotation.
  • The claim that SpaceX could buy Tesla by 2027 was presented as a market note, not a settled thesis, and was not deeply evidenced in the segment.

Topics

SpaceX IPOfirst-day tradingprice discoveryretail allocationElon Musk wealth impactspace sector rotationTesla linkageindex inclusionlockup expirationsNASDAQ execution

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