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stocksJun 18, 2026, 3:26 PM

Spacex (SPCX) Holds Firm Amid $60B Forced Buying on Nasdaq

SpaceX (SPCX) shares trade steadily in early Nasdaq sessions as an engineered float restricts selling, with $60 billion in forced buying underpinning price stability.

SPCX

SpaceX (SPCX), the company founded by Elon Musk, has entered its first few trading sessions on Nasdaq with price stability driven by its engineered float structure.

According to market commentary, almost no shares are available for sale, while an estimated $60 billion in forced buying pressures are supporting the stock. This dynamic highlights the tight supply created by the float design.

The engineered float is a mechanism intended to restrict share availability, and early data suggests it is functioning as intended, with SPCX holding firm despite significant buying demand.

Source: FXStreet Forex News