SpaceX debuts on Nasdaq and rises 19%: What does it mean?
By: WEEX|2026/06/16 08:00:00
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SPCX opened at $150, hit a high of $176.52, and closed at $161 on June 12, 2026. The largest IPO in financial history now has a real price. And Latin America was watching.
June 12, 2026, will go down in the financial history books. SpaceX debuted on the Nasdaq under the ticker SPCX with an offering price of $135 per share, opened at $150, reached an intraday high of $176.52, and closed the day at $161: a gain of 19% on its first day of public trading, with a trading volume that exceeded 480 million shares.
At the session high, the market capitalization of SpaceX briefly exceeded $2.3 billion, which for a moment made it the sixth most valuable company in the world, according to data from BeinCrypto and Yahoo Finance. At the close, the valuation stabilized above $2 billion, consolidating SPCX as the largest IPO in history, with $75 billion raised, more than double the previous record held by Aramco in 2019.
For Latin Americans who had been following this debut (whether from the conventional stock market or from cryptocurrency platforms that operated synthetic SPCX contracts weeks earlier), the result exceeded expectations. But as always in the market, day one is just the beginning.
What exactly happened on June 12: crypto market
In the crypto market, the parallel was equally interesting. The rally in perpetual futures linked to SpaceX on Hyperliquid experienced slippage, and the SPCX-USDC trading contract reached nearly $172, down from the earlier $176 that day, but still 27% above the $135 IPO price. Trading activity for perpetual futures increased early on, with a trading volume of $322.5 million in 24 hours and an increase in open interest of more than $293 million.
What makes this IPO special: it is more than just a rocket on the stock exchange
SpaceX is not a conventional tech company going public in search of capital to grow. It is the private company that redefined access to space, turned reusable rockets into the industry standard, and built Starlink, the satellite internet network that already has over 10 million subscribers worldwide and generates most of the company's profitable operating revenue.
SpaceX will become the seventh most valuable company in the U.S., surpassing tech giants and consolidating space infrastructure as a high-profit sector.
There is one detail that particularly affected the crypto ecosystem: the S-1 revealed that SpaceX holds 18,712 BTC in its treasury, with a market value of approximately $1.42 billion, more than Tesla. That makes SPCX buyers indirect holders of a significant position in Bitcoin, a detail that did not go unnoticed by the Latin American crypto community.
Latin America and the SpaceX IPO: a closer relationship than it seems
To understand why the SPCX debut generated so much interest in the region, one must look at the context. Latin America is living through a permanent economic paradox: it is one of the regions with the greatest digital consumption potential in the world, and at the same time, one of those that faces the most barriers to accessing global financial markets.
Venezuela maintains one of the highest inflation rates in the world, in Argentina the peso has accumulated nearly 95% of loss against the dollar since 2018, and Mexico faces both exchange rate pressures and an economy highly dependent on remittances, which exceeded $63 billion in 2024, according to the Bank of Mexico.
In that context, access to dollar-denominated assets listed on global markets (whether through SPCX shares, stablecoins in USDT, or exposure through crypto contracts) is exactly the type of tool that Latin Americans need to protect their wealth from currency erosion. And the SpaceX IPO, with all its global media visibility, was also an opportunity for more Latin Americans to discover what it means to have direct access to international capital markets.
The risks that cannot be ignored after the first day
A 19% debut is exciting. But the history of major IPOs teaches us that day one is rarely the definitive picture.
SpaceX's net losses in 2025 reached $4.9 billion in GAAP terms, driven mainly by the $6.4 billion losses in the AI (xAI) segment. Elon Musk retains more than 82% of voting control, which means SPCX shareholders have minimal governance power. And the closing price of the first day already incorporated a significant premium over the IPO price, which reduces the margin of safety for those who entered the open market after the debut.
Before participating, any investor should consider the risks of liquidity, concentration of control, and operating losses in non-space segments. A historic IPO does not guarantee a historic return.
WEEX: the platform to navigate the SPCX ecosystem with judgment
WEEX was one of the platforms that enabled exposure to SpaceX for its Latin American users earliest, with neutral and quality analysis in its Wiki in Spanish even before the debut. With over 300 trading pairs, a 1,000 BTC protection fund, and educational resources that are scarce in the regional market, WEEX is the place where the Latin American investor can make informed, not impulsive, decisions.
For those who want to understand the full picture of SPCX and how these types of events connect with Latin American financial strategy, the WEEX Wiki has the resources you need:
- 📖 SPCX before the IPO: what you need to know: SpaceX's pre-IPO analysis: what is behind the synthetic token, the real business numbers, and the risks every investor should know before entering.
- 📖 Stablecoins in Venezuela and Argentina: Financial revolution: How digital assets became a tool for financial survival in the two most volatile economies in Latin America, and what lessons apply to the rest of the region.
Conclusion: the SPCX IPO closed its first day in profit, but the story is just beginning
SpaceX entered the public markets with the largest IPO in history and a 19% debut that confirmed global appetite for the asset. The $2 billion valuation at the close, the 480 million shares traded, and the $322 million in volume in parallel crypto contracts tell the story of an unprecedented financial event. For Latin Americans, who arrived at this debut from economies under pressure but with an increasingly sophisticated crypto and digital community, SPCX is more than just a stock: it is the symbol that access to the best global assets is no longer exclusive to those who have an account at a New York bank. With platforms like WEEX, the right information, and the judgment to distinguish hype from real analysis, any investor in the region can participate in these historic moments with a cool head. Register on WEEX today to start your crypto experience without wasting time. Join the SpaceX frenzy and share $60,000.
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