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stocksJun 12, 2026, 4:12 PM

SpaceX Rises 24% in IPO Debut

Space Exploration Technologies (SPCX) shares surged 24% shortly after the start of its first trading day on Friday.

SPCX

SpaceX (SPCX), the rocket and AI company founded by Elon Musk, launched its initial public offering on Friday. Shares began trading at approximately 11:46 a.m. EST and quickly gained 24%,

Trading volume was heavy as investors rushed to buy into the high-profile listing. The company's debut underscores strong demand for space-related equities.

Source: FXStreet Forex News