I think the first trading day of Space Exploration Technologies $SpaceX(SPCX)$ will be driven more by momentum and positioning than fundamentals. At a $135 IPO price and a $1.77T valuation, expectations are already very high, but strong narrative demand and FOMO can still dominate day-one price discovery.
My base case is a strong gap up with volatile trading as liquidity stabilizes. Despite cash burn and ongoing losses, the market often initially rewards category-defining companies with powerful long-term stories in space, satellites, and AI-adjacent infrastructure. If momentum holds into the close, buyers likely stay in control.
So my prediction for the first-day close is $200. I see a FOMO-driven spike where sentiment temporarily outweighs valuation concerns, even if longer-term pricing later normalizes.
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[Events] Guess SpaceX's IPO Closing Price — Win 888 Tiger Coins!
@TigerEvents：Elon Musk’s reusable rocket company $Space Exploration Technologies(SPCX)$ is set to make its NASDAQ debut this Friday. The IPO is priced at $135 per share, with SpaceX raising $75 billion by selling 555.6 million shares. The deal values the company at $1.77 trillion, making it one of the most valuable companies in the U.S. market. What do you think SpaceX will close at on its first trading day? Drop your prediction in the comments and stand a chance to win 888 Tiger Coins! 🔍 Quick Facts Founded in 2002, SpaceX is best known for reusable rockets, Starlink satellite internet, and its long-term goal of making space travel more affordable. This IPO is set to become the largest IPO on record. At a valuation of $1.77 trillion, SpaceX would be worth more than Tesla, and would rank among the top U.S. companies by market value. SpaceX is no longer just a rocket company. Its Starlink satellite internet business now accounts for most of its revenue and is currently its only profitable unit. The company also owns xAI, Elon Musk’s artificial intelligence business, which merged with SpaceX earlier this year. According to its prospectus, SpaceX revenue rose 33% to $18.67 billion last year. In the latest quarter, revenue increased 15% year over year to $4.69 billion. However, the company is still burning a lot of cash. SpaceX posted a net loss of $4.28 billion in the latest quarter, after losing $4.94 billion in 2025. Its cumulative deficit since founding has reached around $41.3 billion. Wall Street has already started weighing in. Oppenheimer initiated coverage with an Outperform rating and a $190 price target, implying about 40% upside from the IPO price. New Street Research gave SpaceX a $165 price target and highlighted the potential value of xAI. So here comes the big question: Will SpaceX soar on day one? How to participate? Leave a message in the comments section of this post. Predict the closing price of $Space Exploration Technologies(SPCX)$ on its first trading day. Please round your answer to a whole number. For example, round $188.88 to $189. 🎁 Reward The first Tiger who posts the correct answer will be rewarded 888 Tiger Coins 🎁🎁🎁. ⏰ Event Duration The deadline for this event is 23:00 on 12 June 2026. $Space Exploration Technologies(SPCX)$
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