Hupzy (Spot On Chain)|Jun 12, 2026 14:24
🚀 SpaceX (SPCX) begins trading today at $𝟭𝟳𝟱/𝘀𝗵𝗮𝗿𝗲 — a ~30% jump from the $135 offer price. The IPO closes above $𝟮.𝟮 𝘁𝗿𝗶𝗹𝗹𝗶𝗼𝗻 market cap, making it the 6th largest public company globally. Total demand hit $𝟯𝟱𝟬 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 ($250B institutional), with 70% of institutional allocation going to long-only investors.
𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: A $350B IPO debut of this scale is a watershed moment for capital markets. Long-only dominance signals conviction, not flipper demand. If SPCX holds above offer price through day one, it could catalyze a broader re-rating of space/defense adjacencies. Risk: a first-day fade from $175 would trigger immediate profit-taking across the $350B book.
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