SPCX intraday price chart for June 16, 2026

Hover to inspect · pre-market & after-hours shaded · MA(10) and RSI(14) computed from the session

Open

$200.51

High

$225.64

Low

$195.13

$201.99

Volume

275.1M

Vol/Avg

0.78×

SPCX · NASDAQ · June 16, 2026

SpaceX Draws First Wall Street Sell Rating From CFRA

$201.99 +$9.49 +4.93% vs prior close

SPCX closed at $201.99 on June 16, 2026, up 4.93% from the prior close of $192.50, after running as high as $225.64 intraday and fading back to finish near the lower third of the day's range.

Executive Summary

SPCX logged its third trading session as a public company and added another gain, but the shape of the day matters more than the headline number. The stock opened at $200.51, pushed to $225.64, then gave most of that back to close at $201.99. The result is a small positive close on the day paired with a large rejected upper move, the kind of intraday reversal that tends to appear when buyers and sellers are still fighting over a fair price for a freshly listed name. Volume of roughly 275.1 million shares ran above the prior session's 256.8 million but below the short post-IPO average of about 351.5 million, so the advance came on lighter participation than the stock's opening days.

The news flow around the session was unusually heavy and two-sided. The same day brought the first Wall Street Sell rating on the stock (CFRA), the start of SPCX options trading with reported heavy first-hour volume, a $60 billion all-stock deal to acquire Cursor-maker Anysphere, and a stream of valuation commentary placing SpaceX among the largest companies in the world. None of this is investment guidance, and SPCX remains too young for conventional indicators. The report below treats the price structure, the candle, real levels, and the provided headlines as the only evidence.

News

1. Elon Musk Is Weighing The Sun's Power For AI, While Crypto Bettors Weigh How Many SpaceX Starships Will Succeed In 2026 — Here Are The Odds

Elon Musk reiterated on Tuesday the importance of solar energy for the future, while cryptocurrency punters bet on how many Space Exploration Technologies Corp. (NASDAQ:SPCX) Starship launches would su (Benzinga, Jun 16, 11:24 PM ET)

2. SpaceX Stock Is Buzzing And Asset Managers Are Rushing To Launch 'MANGOS' ETFs Built Around The Elon Musk-Led Company, OpenAI And Anthropic

Two asset managers plan to launch investment funds tied to the new "MANGOS" basket of AI-focused companies. (Benzinga, Jun 16, 10:50 PM ET)

3. SpaceX's First Wall Street Bear Just Placed A Sell Rating: Here's Why

CFRA becomes the first major Wall Street firm to rate SpaceX a Sell, arguing investors are paying too much for unproven AI ambitions despite Starlink's strong growth. (Benzinga, Jun 16, 4:04 PM ET)

4. Tesla's Mass-Market Lead Faces A Looming Threat From Rivian's R2, But Prediction Markets Are Still Betting On TSLA

Rivian's R2 lands with an $829/month lease shock, delaying its threat to Tesla. Meanwhile, prediction markets are betting on a massive TSLA delivery beat. (Benzinga, Jun 16, 3:52 PM ET)

5. SpaceX Is Now Bigger Than Amazon and Closing in on Microsoft. Here's How to Think About the Valuation.

SpaceX has become the fifth-largest company by market cap at $2.82 trillion following its IPO, surpassing Amazon and approaching Microsoft. The company's valuation is heavily driven by its AI division, which includes Grok, xAI, and planned orbital data centers. While Goldman Sachs projects 100-fold revenue growth by 2030, Morningstar assigns only a 7% probability to the company sustaining its current valuation, citing ambitious but unproven promises around orbital data centers and enterprise AI applications. (The Motley Fool, Jun 16, 3:26 PM ET)

6. 'No One Is Buying SPCX On Fundamentals': Reddit's Playbook For The SpaceX Stock Mania

Retail traders discuss SpaceX investment strategies and predictions on social media. (Benzinga, Jun 16, 3:04 PM ET)

7. Did You Miss Out on the SpaceX IPO? Here Are 2 Better Stocks to Buy Instead

Following SpaceX's IPO at a $2.1 trillion valuation, analyst Geoffrey Seiler argues that Amazon and Alphabet are better investment choices. While SpaceX has ambitious AI and space-based data center plans, the stock is valued largely on hype and CEO promises with a mixed track record. Amazon and Alphabet offer more established, profitable businesses pursuing similar space and AI strategies at more attractive valuations. (The Motley Fool, Jun 16, 3:02 PM ET)

8. Why Did SpaceX Buy Cursor? The Merger Filing Offers Clues

SpaceX's $60 billion acquisition of Cursor-maker Anysphere may have started months before it was announced. An exclusive call option and a little-discussed Compute Agreement offer clues. (Benzinga, Jun 16, 2:38 PM ET)

Price Action

Metric	Value
Open	$200.51
High	$225.64
Low	$195.13
Close	$201.99
Change vs prior close ($192.50)	+$9.49 (+4.93%)
Volume	275,121,212
Average volume to date	351,454,732
Intraday range	$30.51
Close vs IPO offer ($135.00)	+$66.99 (+49.6%)
Close vs IPO Day 1 close ($160.95)	+$41.04 (+25.5%)

The session closed higher but well off its best level. The stock spent the day in a $30.51 band, ran to $225.64, and surrendered roughly $23.65 of that high to finish at $201.99, just above the round $200 level it opened near. The close landed at about 22% of the day's range measured up from the low, meaning sellers controlled the second half of the move even though the day finished green versus the prior close. Volume of 275.1 million was heavier than the prior day's 256.8 million but lighter than the post-IPO average near 351.5 million, so the up-close came without an expansion in participation. The stock remains far above both its $135 IPO offer price and its $160.95 first-day close.

A green close that gives back most of a 12%-plus intraday spike is a sign of distribution into strength, not clean accumulation.

Technicals

SPCX has only three daily closes ($160.95, $192.50, $201.99). Standard momentum and trend indicators are not yet meaningful: a 14-day RSI and the 20-, 50-, and 200-day moving averages cannot be computed from three bars, and the registry correctly reports SMA-5, EMA-5, SMA-10, SMA-20, SMA-50, SMA-200, and RSI-14 as unavailable. The read below rests on price structure, the candle, volume, and real levels only.

Trend

The three available closes rise in sequence, so the short-term path since the IPO is up. That is a slope across three points, not a confirmed trend, and the day-of reversal off $225.64 shows the advance is not one-directional intraday.

Candle read

Using the provided anatomy: range $30.51, body $1.48, upper wick $23.65, lower wick $5.38, close location 0.22. The body is tiny relative to the range and sits near the bottom of the candle, capped by a very long upper shadow. The stock pushed about $23.65 above where it ultimately closed and held only a fraction of that gain. That structure reads as rejection of higher prices, with the close near the day's lower quarter. The modest lower wick of $5.38 shows some buying interest beneath the open, but the dominant feature is the failed upside test toward $225.64.

Support levels

$200 round-number level, just under the $200.51 open and near the close
$195.13 intraday low
$192.50 prior close
$190 round-number level
$160.95 IPO Day 1 close, a deeper structural reference

Resistance levels

$210 round-number level
$220 round-number level
$225.64 intraday high and the day's rejection point

Momentum interpretation

These are levels to watch, not predictions or recommendations.

Bull scenario: price holds above $200 and the $195.13 low, then reclaims and closes above $210 on volume nearer the post-IPO average, putting the $225.64 high back in play.
Bear scenario: a close back below $195.13 opens room toward the $192.50 prior close and the $190 round number, with the long upper wick from today acting as overhead supply.
Neutral scenario: chop between roughly $195 and $210 as the market searches for a fair value, with the $225.64 high as the ceiling and $200/$195 as the floor to defend.

Trading Takeaway

Day three added a gain on paper but printed a long upper-shadow candle: a run to $225.64 that was sold back to a $201.99 close, on volume below the post-IPO average. The young uptrend across three closes is intact only as long as the stock holds the $195.13 low and the $200 area; losing $195.13 would shift attention toward the $192.50 prior close and $190. On the upside, $210 then the $225.64 high are the first hurdles, and a reclaim there would need to come with heavier participation to be convincing. The news set is genuinely two-sided, with the first Sell rating and options-driven speculation arriving alongside valuation-milestone coverage, which fits the wide intraday range. Key levels into the next session: support at $200, $195.13, and $192.50; resistance at $210, $220, and $225.64.

Sources

Disclaimer

This report is for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. SPCX is a newly public stock with a very short trading history, and the figures and headlines summarized here come from the cited third-party sources and market-data feed as of the stated date and time. Data can be revised, delayed, or wrong. Nothing here is a price target or a buy or sell call. Verify every number and claim independently against primary sources before making any financial decision.