Mike Larson | Editor-in-Chief
Anyone else feel like you’re at an auction with SpaceX (SPCX)? The stock came public at $1.8 trillion, and now some guy with a gavel is saying: “That’s $2 trillion to you sir. Do I hear $3? $3 trillion going once? You got it. How about $4?”
Yesterday, shares of the rocket launch and AI company rose as much as 17% before closing up 4.8%. That followed a 19.6% jump on Monday and a 19.3% rise from its IPO price on Friday.
The follow-on gains pushed SPCX’s market capitalization to almost $3 trillion – making SpaceX the fifth-most valuable company traded in the world behind Microsoft Corp. (MSFT) and ahead of Amazon.com Inc. (AMZN), as you can see in the MoneyShow Chart of the Day.
Source: Bloomberg
It’s worth noting that only 4.2% of the company’s total shares are now publicly traded. By selling only a small slice of the company, SpaceX virtually ensured the stock would see solid aftermarket demand. Lockup expirations in the coming weeks and months will result in more shares hitting the market, easing some of the quasi-artificial shortage.
But retail buying has been particularly strong for the marquee name. SpaceX added to the market buzz by announcing a $60 billion takeover of AI coding company Cursor on Tuesday. Plus, billions of dollars in passive ETF money will be flowing into SPCX stock before long because the company will get added to indices like the Nasdaq-100.
Bottom line? The initial buying interest was strong. Now, the follow-on buying has been strong. But as always, the longer-term outlook is what’ll really matter to most investors once the FOMO factor and momentum chasing dies down.
Trading experts Carley Garner, Dan Gramza, Alan Ellman, and Steve Suminiski joined us for the 2026 MoneyShow Masters Symposium Hollywood Florida – and provided a comprehensive look at top trading strategies for the year. Their high-energy panel explores a wide range of actionable ideas across equities, commodities, and the ever-evolving options market.
Whether you’re looking to tame your “FOMO” or master position management, these experts provide the roadmaps needed – and help on how to capitalize in up, down, and sideways markets.
Join Our MoneyShow + Wolf Financial Markets Livestream — Tuesday, June 23 at 11:30 am Eastern!
Wondering what’s next for the markets? Then don’t miss our upcoming MoneyShow + Wolf Financial livestream on Tuesday, June 23 from 11:30 am - 12:30 pm Eastern! I’ll be co-hosting an interactive markets discussion with Gav Blaxberg of Wolf, plus MoneyShow expert contributors Jeffrey Hirsch, Kevin Mahn, Nancy Tengler, Eva Ados, and Danielle Shay.
From stocks to seasonality, the SpaceX IPO to options trading setups, we’ll cover it all! Simply navigate to the MoneyShow X feed or MoneyShow YouTube channel on Tuesday morning — and get ready for a lively, interactive, and actionable session!!
The news that President Trump had succeeded in bringing Iran to its knees was the headline that lit the fuse Monday, and by the end of the day it was green across the screen. That AI trade that remains so sensitive to the headlines? It is alive and well, too, writes Kenny Polcari, chief market strategist at SlateStone Wealth.
The correction from the early June highs to the lows of last week was about 5% for the S&P 500 Index (^SPX). That was enough to at least temporarily remove the “bullish” designation from the SPX chart, explains Lawrence McMillan, editor of Option Strategist.
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