SpaceX Stock: To the Moon, or Just a Rocket Full of Hot Air?

Well, strap in, folks, because SpaceX (SPCX) has decided that gravity is for suckers and has launched itself into the stratosphere of the stock market. On Monday, it traded near $178, which is roughly 32% above the $135 price set last week. Because, you know, why walk when you can blast off into the financial unknown?

This has, of course, kept investors’ eyes glued to their screens like they’re watching a particularly exciting episode of The Great British Bake Off, except instead of cakes, it’s leveraged exchange-traded funds. Thrilling stuff.

SPCX began its journey on June 12 at $135 per share, raising a cool $75 billion in the largest initial public offering ever. Because nothing says “humble beginnings” like raising more money than most countries’ GDPs. Goldman Sachs led the charge, drawing in $250 billion in orders, which is roughly the amount of money I’d need to feel comfortable ordering the truffle fries at a fancy restaurant.

The stock then proceeded to jump 19% on Friday, closing at $160.95, and climbed to around $192 on Monday. At this rate, it’ll be buying its own planet by next week. SpaceX’s market cap now sits near $2.3 trillion, making it one of the most valuable companies in the world and ensuring Elon Musk’s title as the first trillionaire remains safely in his back pocket.

SpaceX stock closed its second day of trading up 19.6% today, pushing the company’s market cap above $2.5 trillion for the first time.

SpaceX added $420 billion to its market cap today.

– Sawyer Merritt (@SawyerMerritt) June 15, 2026

Now, the question on everyone’s mind is whether this rally is the real deal or just the financial equivalent of a sugar rush. After all, heavily oversubscribed deals have a way of leaving investors feeling like they’ve just eaten an entire cake and are now wondering where their dignity went.

ETF Issuers Pile In Like It’s a Buffet

GraniteShares and Defiance decided to join the party on Monday, launching their 2x Long SpaceX Daily ETFs (SPAL and SPCU, respectively). Because if you’re going to bet on a rocket company, why not do it with leverage? What could possibly go wrong?

SPAL, with its 1.50% net expense ratio, is basically the financial equivalent of a rollercoaster-exciting for a day, but you probably wouldn’t want to live on it. Meanwhile, Defiance’s SPCL fund drew $10 million in first-day volume and rose 46% before SPCX even started trading. Because nothing says “confidence” like betting on a stock before it’s even available.

These launches follow the playbook of single-stock leveraged funds, which have been all the rage since 2022. Direxion’s 2x Tesla fund (TSLL) and GraniteShares’ 2x Nvidia fund (NVDL) grew to $6.5 billion and $4.4 billion in assets, respectively. Because retail traders love nothing more than amplified bets on a single stock. It’s like putting all your eggs in one basket, then launching that basket into space.

ARK Invest, meanwhile, has been cozying up to SpaceX since 2023, holding SPCX across four active ETFs. They picked up 3.3 million shares worth $444 million, making SpaceX their largest holding. Because if you’re going to bet on the future, why not bet on the guy who wants to colonize Mars?

So, will this rally keep going, or will it fizzle out like a firework on a rainy day? Only time will tell. But one thing’s for sure: SpaceX has given us all something to talk about-and a few more gray hairs in the process.

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2026-06-16 00:46