{"slug": "spacex-shares-jump-in-second-day-of-trading-after-record-ipo", "title": "SpaceX shares jump in second day of trading after record IPO", "summary": "SpaceX shares surged up to 8.7% in their second day of trading, boosting the company's market value to over $2.2 trillion following a record $86.2 billion IPO. The strong debut eased concerns about large tech IPOs and bolstered confidence in the AI rally, potentially paving the way for upcoming offerings from Anthropic and OpenAI.", "body_md": "**Getting your**\n\n[Trinity Audio](//trinityaudio.ai)player ready...**By Carmen Reinicke and Subrat Patnaik, Bloomberg**\n\n[SpaceX shares jumped in their second day of trading](https://www.mercurynews.com/2026/06/11/a-look-at-the-spacex-ipo-by-the-numbers-2/), adding to gains following a blockbuster debut that instantly vaulted it into the ranks of the world’s most valuable public companies.\n\nThe stock climbed as much as 8.7%, extending Friday’s 19% rally. The move boosts the company’s market value to more than $2.2 trillion, putting it among the top six largest companies in the world. At its current market capitalization, it’s roughly $400 billion away from overtaking Amazon.com Inc., which boasts a nearly $2.7 trillion value.\n\n[SpaceX](https://www.mercurynews.com/2026/06/11/spacex-ipo-billions-new-silicon-valley-hierarchy/) has exercised the IPO’s over-allotment option, which lets underwriters sell an additional 83.3 million shares, according to a statement Monday. The so-called greenshoe increases the amount raised to $86.2 billion, or $85.7 billion less the $500 million of underwriting expenses listed in the prospectus.\n\nA solid first-day performance for SpaceX assuaged fears about the market’s ability to absorb such a large IPO, helping pave the way for the potential IPOs from Anthropic PBC and OpenAI, large competitors that could go public as soon as this year. It helped bolster confidence in the artificial intelligence rally that’s driven most of the market’s gains this year.\n\n“The positive SpaceX debut and investor reception is a good sign for OpenAI and Anthropic as both companies likely head down the IPO path before year-end,” Wedbush Securities analyst Dan Ives wrote in a note to clients.\n\nFollowing the steady launch, investors are turning attention back to the broader geopolitical and macro backdrop after the US and Iran said they agreed to a deal to reopen Hormuz this week. In addition, Wednesday’s Federal Reserve meeting, followed by the first press conference for the central bank’s new chairman, Kevin Warsh, is top of mind.\n\nMonday marks the first full trading session for the stock formally known as Space Exploration Technologies Corp. Shares opened a few minutes before noon on Friday in New York, meaning it traded for just over four hours before the market close.\n\n“Overall, SpaceX going public is an important watershed moment for the broader tech sector in our view as this AI revolution and data takes this next step forward,” Ives said.\n\n–With assistance from Demetrios Pogkas and Jennah Haque.\n\n(Updates with Monday trading in second paragraph, over-allotment in third paragraph.)\n\nMore stories like this are available on [bloomberg.com](https://www.bloomberg.com)\n\n©2026 Bloomberg L.P.", "url": "https://wpnews.pro/news/spacex-shares-jump-in-second-day-of-trading-after-record-ipo", "canonical_source": "https://www.mercurynews.com/2026/06/15/spacex-shares-second-day-trading-jump/", "published_at": "2026-06-15 16:09:38+00:00", "updated_at": "2026-06-15 16:41:20.673509+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-startups", "ai-research"], "entities": ["SpaceX", "Amazon.com Inc.", "Anthropic PBC", "OpenAI", "Wedbush Securities", "Dan Ives", "Kevin Warsh", "Bloomberg"], "alternates": {"html": "https://wpnews.pro/news/spacex-shares-jump-in-second-day-of-trading-after-record-ipo", "markdown": "https://wpnews.pro/news/spacex-shares-jump-in-second-day-of-trading-after-record-ipo.md", "text": "https://wpnews.pro/news/spacex-shares-jump-in-second-day-of-trading-after-record-ipo.txt", "jsonld": "https://wpnews.pro/news/spacex-shares-jump-in-second-day-of-trading-after-record-ipo.jsonld"}}