Back
SpaceX begins Wall Street trading after $75 billion IPO as on-chain SPCX shorts build

SpaceX begins Wall Street trading after $75 billion IPO as on-chain SPCX shorts build

Shares were priced at $135 for a $1.77 trillion valuation, while pre-IPO SPCX markets showed a premium and large leveraged bearish positions emerged ahead of the Nasdaq display period.

HYPE

Fact Check
Multiple high-authority primary news sources (CNBC, WSJ, Le Monde) confirm the core claims: SpaceX began public trading on June 12, 2026 (Nasdaq, ticker SPCX) after raising $75 billion in the largest IPO on record, with shares priced at $135 and a $1.77 trillion valuation. The Saudi and Kuwaiti sovereign wealth fund $1B-$5B order detail is independently reported (Bloomberg-sourced and via Binance/Jin10). The claim's phrase 'Wall Street trading' is accurate in spirit, though the precise venue is Nasdaq. The only weakly corroborated detail is the PreStocks tokenized pre-IPO $141 indication; the exact figure was not directly confirmed by a primary source, but a pre-IPO premium above $135 is consistent with reported ~30% expected opening pop. Given the strength of corroboration on all major facts, the claim is likely true.
Summary

SpaceX began trading on Wall Street after raising $75 billion in what the source described as a record-breaking IPO, with shares priced at $135 and the company valued at $1.77 trillion. Earlier reports said Saudi Arabia and Kuwait’s sovereign wealth funds had each placed subscription orders of $1 billion to $5 billion, while Qatar Investment Authority was considering a large commitment. At the same time, blockchain-based pre-IPO markets tied to SpaceX showed prices above the IPO level and drew large bearish trades: Arkham said address “wenyu8888888” used its full $5.7 million balance to open a 2x SPCX short, while Hyperinsight reported a separate $3.52 million 3x short on Hyperliquid entered at $177.7 with a $222 liquidation price ahead of a Nasdaq display period.

Terms & Concepts
  • initial public offering: A company’s first sale of shares to public investors.
  • sovereign wealth fund: A state-owned investment fund that manages national capital.
  • liquidation price: Price level where an exchange forcibly closes a leveraged trade.