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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InReflecting immense investor appetite for private space infrastructure, SpaceX shares (trading under the ticker SPCX) surged nearly 20% on their first day of trading on the NASDAQ following the world's largest-ever initial public offering. This historic debut follows Cathie Wood's ARK Venture fund acquiring an additional 3.3 million shares, positioning SpaceX as the fund's top holding. Elon Musk noted that the company is now entering a significant growth phase as it solidifies its dominance in the global launch services sector.
The company's valuation climbed by $75 billion last week, pushing its market capitalization well beyond the previously reported $210 billion mark per Bloomberg data. This valuation spike highlights a robust rotation into space-tech, even as Tesla (TSLA) remains the primary holding in Wood's flagship ARK Innovation ETF per market data. The massive capital inflow into SPCX underscores a structural shift in how markets value Musk-led ventures compared to traditional tech peers.
In the secondary markets, TSLA shares closed at $406.43 (close June 12, 2026), while traders monitor the sustainability of the SPCX rally. Looking ahead, the market is focused on the U.S. Existing Home Sales data scheduled for June 16 and upcoming commentary from ECB President Christine Lagarde. These catalysts will be crucial in determining if global liquidity remains supportive of the high-valuation growth trajectory seen in the space and EV sectors.