SpaceX IPO Stress Tests Crypto’s Bid to Reinvent Stocks

SpaceX signage at the Nasdaq MarketSite after the SpaceX initial public offering (IPO) in New York, US, on Friday, June 12, 2026. Shares of SpaceX climbed in their first day of trading on Friday following a $75 billion IPO that smashed records and instantly turned the crown jewel of Elon Musk’s business empire into one of the most-valuable public companies in the world.