SpaceX stock surges more than 40% in two days, targeting $2.5 trillion valuation

KuCoinFlash

Release Time: 06/16/2026 08:52:32

Summary

SpaceX's stock surged more than 40% over two days, with trading volume spiking as the company approached a $2.5 trillion valuation. On June 16, shares rose 11% in pre-market trading, extending gains since its IPO. The over-allotment option added 83.3 million shares, increasing proceeds to $86.2 billion. Retail buying in the first two days equaled a full week’s U.S. trading volume. As altcoins to watch gain momentum, market attention remains divided between traditional and digital assets.

BlockBeats news: On June 16, SpaceX's stock surged approximately 11% in pre-market trading in the U.S., potentially continuing its more than 40% gain over the previous two trading days. At Monday's close, the company's market capitalization exceeded $2.5 trillion, nearing Amazon's valuation of approximately $2.7 trillion.

According to a statement released on Monday, SpaceX has exercised the overallotment option for its initial public offering (IPO), allowing underwriters to sell an additional 83.3 million shares. This so-called "greenshoe" mechanism increased the total proceeds to $86.2 billion; after deducting the $500 million underwriting fees listed in the prospectus, the net proceeds amount to $85.7 billion.

Data from Vanda Research shows that retail buying volume for SpaceX in the two days prior to its listing equaled the total retail buying volume across the U.S. stock market last week, easing some concerns about the market’s ability to absorb such a large IPO.

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