Shares of Space Exploration Technologies Corp. (SPCX) surged 25% in midday trading Friday following the company's record-breaking $75 billion initial public offering, the largest IPO ever completed.
The stock is currently trading at $168.63, up $33.63 or 24.91%, after opening at $150.00. Shares were priced at $135 in Thursday night's IPO and climbed nearly 30% during intraday trading as investor demand remained strong.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.