SpaceX To The Moon Or To The Ground? Watch 187.60 And 161.00
MarketPulse by OANDA Group·2026-06-12·via All Articles on Seeking Alpha
Summary
SpaceX’s historic US$75 billion IPO marks a major milestone for global equity markets, with the company debuting at a valuation approaching US$1.8 trillion and positioning itself as a future top-weight constituent of the Nasdaq 100.
Despite overwhelming investor demand and heavy oversubscription, the SpaceX grey market remains technically fragile, with the SPCX/USDT perpetual contract still trading within a medium-term descending channel since its launch in May.
The technical outlook hinges on two critical levels - a break below US$161.00 may trigger a deeper correction towards US$147.07 and US$138.36, while a sustained move above US$187.60 would invalidate the bearish structure and open the door towards US$205.10 and US$212.70.
Brandon Moser/iStock Editorial via Getty Images
By Kelvin Wong
Today, 12 June 2026, marks a historic watershed moment for global stock markets as Elon Musk’s SpaceX (SPCX) makes its highly anticipated debut on the Nasdaq. Priced at $135 per share