"The SpaceX Proxy Trap: How Back-Door Investors Got Burned While SPCX Surged"

What happened

SpaceX priced at $135 on June 12, 2026, in a $75 billion offering that became the largest IPO in stock market history. The stock opened at $150 and closed at $160.95 on its Nasdaq debut - a 19% pop that sent the company's valuation past $2 trillion. Since then, SPCX has pushed even higher, sitting near $192.50 today.