The Week Wall Street Went to Space

June 12, 2026

Happy Friday,

Elon just out-IPO'd Saudi Aramco by 3x. SpaceX hit the Nasdaq today under ticker SPCX, raised $75 billion, and spiked as much as 25% above its $135 offer price before settling up about 19% at the close. That's still a roughly $2.1 trillion market cap on day one.

What makes this different from your average billionaire vanity listing: SpaceX carved out roughly 30% of the public float for retail investors. That's not a typo. Wall Street usually gets the buffet, and we get the crumbs. Today, the velvet rope moved.

Inside this week: whether SPCX at these prices is actually investable or just a very expensive lottery ticket, what the mega-IPO frenzy is doing to the rest of the Nasdaq, and one boring health stock quietly recovering from misery while everyone stares at rockets. Buckle up.

Now let's dive in.

In The News

SpaceX makes its market debut

CNBC.COM

SpaceX began trading on the Nasdaq today under ticker SPCX in the largest IPO in history. The stock closed at $161.11, up about 19% from its $135 offer price, after spiking as much as 25% intraday. The broad market gyrated as Wall Street weighed the debut against hopes for a US Iran peace deal, and other space names fell hard as money rotated into SPCX.

Stock market news for June 11, 2026

CNBC.COM

Stocks roared back Thursday after Trump called off planned strikes on Iran and signaled a nuclear deal is close, with the Dow jumping nearly 930 points. Chip stocks led the rebound, with Intel up 9% on a Bank of America upgrade and the semiconductor ETF gaining over 8%. Oracle bucked the trend, dropping about 11% after announcing a $20 billion equity raise to fund its AI buildout.

Sector Highlights

Technology

Semiconductors just took investors on a roller coaster, and the lesson is bigger than the ride. On June 5, the Nasdaq dropped 4%, its worst day in over a year, after Broadcom played coy on its AI outlook and bond yields spiked.

Then chips ripped back. The SOXX (a basket of chip stocks) jumped over 8% in a single session, with Intel popping 9% on a Bank of America upgrade.

Here's the thing: anyone who panic-sold Friday missed the rebound by Thursday. Process beats reflexes, every single time. Watch whether this bounce holds, or if it was just a head fake.

Stocks to Watch

SPCX ASYMMETRIC BET

Betting on Elon's rockets at a $2.1 trillion price tag, with a side of nausea.

SpaceX is the rare debut that's already priced like it owns the future of orbit, satellites, and eventually Mars takeout delivery. The financials are what you'd expect from a moonshot factory: real and growing revenue, roughly $20 billion forecast this year with Starlink as the profit engine, sitting on top of about $41 billion in accumulated losses since 2002. Skeptics aren't shy. CFRA openly questions the $1.77 trillion price, and Steve Eisman of "The Big Short" fame is steering clear. This is not a value stock. It's a belief stock.

The asymmetric pitch is simple: if Starlink scales into a global broadband monster and Starship actually works, today's nosebleed valuation looks quaint in a decade. If it doesn't, you'll wish you bought boring dividend stocks.

Worth a look if you want to understand how markets price science fiction with a balance sheet.

Charter Member Access

Everyone on finance Twitter is shouting about whether it's worth $1.77T based on vibes, but as a pro member you can run it through the Audit Engine and get an actual score. We also drop fresh sector deep dives, the usual morning briefs, and recommended stocks for all 3 categories of growth and capital preservation. New course launch coming stay tuned!

If you want the audits, the courses, the daily briefs, and a Discord that doesn't suck, the door's open. No pressure, no countdown timer nonsense. Join at chartequity.com → Pro.

Full stock audit engine access
Unlimited Stock Analyzer
Full Discord community access
See my full portfolio, buys and sells, and my top 10 picks

Become a PRO Member →

The Bottom Line

So, SPCX at $161-ish? My honest take: if you've wanted a piece of SpaceX for a decade, buy a starter position and stop refreshing the chart. Anything more than that and you're paying 2026 prices for 2032 cash flows, which is a great way to feel smart for six weeks and stupid for two years.

The mega-IPO frenzy is quietly draining liquidity from the rest of the Nasdaq, which is why your other tech names felt heavy this week even on green days. Money is finite, even when it doesn't feel that way.

And that boring health stock I teased up top? It's still boring, still cheap, and still grinding higher while everyone watches rockets. Full writeup just hit discord! Go read it. See you next week. (and over the weekend in Discord)

That's all for this week. See you next time.

Joey
ChartEquity

This newsletter is for informational purposes only and does not constitute investment advice. All information is provided as-is without warranty. Past performance is not indicative of future results. Investing involves risk, including the potential loss of principal. ChartEquity is not a registered investment advisor.

You're receiving this because you subscribed to ChartEquity.

Unsubscribe · chartequity.com · Discord

The Week Wall Street Went to Space.