This Friday, June 12, day traders and short-term market participants on X have one dominant topic: SpaceX going public. The company begins trading on the Nasdaq under the ticker $SPCX, priced at $135 per share and carrying a valuation of roughly $1.77 trillion — the largest IPO in history.
Why It Matters
SpaceX's Nasdaq debut is more than just a big tech IPO. It marks the first time the public market gains full exposure to the world's most valuable private company. Day traders see a once-in-a-decade volatility event, complete with options plays, watch lists, and pre-market positioning. But the valuation — already pricing in years of future growth — leaves little room for error.
What Traders Are Saying
The conversation is split between euphoria and caution. Some traders are calling it "full astronaut mode" and sharing custom watch lists tailored to the debut. Others are asking whether the $135 offering price already bakes in too much optimism.
@thestockwhale remains bullish on rare earth and critical minerals stocks, framing the recent June pullback — the S&P 500's worst sell-off of 2026 on June 5 — as a healthy correction. "Markets will still keep going up long-term," the account noted, while warning that we may be "in the 8th–9th inning" with a potential 5% pullback ahead. The advice: buy the dip, especially in rare earth names.
@ultrawavetrader, an experienced options trader, has been active in tech. Recent posts show large NVDA call purchases — 1,500 contracts on the $222.5 strike at roughly $0.53 — signaling conviction that semiconductor momentum continues.
$TSLA is also drawing attention. The stock closed at $399.15 on Thursday, up 4.6%, and traders are eyeing support in the $379–397 range with upside targets at $413+. Some warn of rotation out of Musk-related names as the SPCX debut creates a new focal point for capital.
The Macro Context
Thursday's rally was massive: the Dow surged 930 points (+1.86%), the S&P 500 gained 1.75% to close at 7,394, and the Nasdaq jumped 2.54% — all driven by signals of a potential U.S.-Iran de-escalation. Oil prices eased, fueling a broad risk-on move.
The May CPI print, released Wednesday, showed inflation at 4.2% year-over-year — the highest in three years but in line with expectations. The data hasn't derailed the rally, but it's a reminder that the Fed's job is far from done.
The Bottom Line
Today is a historic session for U.S. markets. SpaceX is now public, and day traders are preparing for what could be one of the most volatile trading days of the year. Sentiment is broadly positive, but caution flags are visible: elevated inflation, geopolitical uncertainty, and an IPO priced for perfection.
Short-term momentum is driven by event-level catalysts, not a shift in macro fundamentals. Experienced traders know days like this can deliver fast gains — and equally fast losses.
