SPCX intraday price chart for June 22, 2026

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

Open

$176.05

High

$176.75

Low

$154.00

$154.59

Volume

150.9M

Vol/Avg

0.52×

SPCX · NASDAQ · June 22, 2026

SpaceX Signs $6.3 Billion AI Compute Deal as Shares Sink

$154.59 $30.41 -16.44% vs prior close

SPCX closed at $154.59, a decline of 16.44% from the prior session, as a reported $20 billion bond offering and a broad AI-sector selloff hit the stock hard in its first full week of public trading.

Executive Summary

SPCX endured its sharpest single-day decline since its June 12 IPO, shedding $30.41 per share to close at $154.59 on volume that ran well below the stock's short trading average. Two headline catalysts appear to have driven the move: a Wall Street Journal report that SpaceX is planning a bond offering of at least $20 billion, which shifts capital-raise activity toward debt and raises questions about equity dilution, and a sector-wide rotation out of AI-exposed technology names that sent Alphabet and Microsoft down sharply. The stock is now trading below its June 12 IPO-day close of $160.95 but remains above the $135 IPO offer price.

Today's session also brought a wave of analyst commentary, including a Keybanc initiation at Sector Weight, governance concerns from an MSCI triple-C ESG rating, and several Motley Fool pieces questioning whether the stock's post-IPO valuation is justified relative to current revenue. The aggregate message from published coverage is that the initial supply-constrained enthusiasm is giving way to more skeptical fundamental scrutiny.

News

1. SpaceX Is Now the Most Popular Trade on Hyperliquid. That's Exactly Why I'm Buying HYPE.

SpaceX's IPO generated $1.4 billion in trading volume on Hyperliquid's decentralized exchange, making it the most-traded asset. The author argues this demonstrates Hyperliquid's value proposition: its permissionless perpetual futures market and fee-buyback mechanism that burns tokens and rewards holders. As more high-profile IPOs list on the platform, Hyperliquid's business model should continue generating value, though market sentiment cooling could slow the buyback engine. (The Motley Fool, Jun 22, 4:19 PM ET)

2. Better Buy: SpaceX vs. Intuitive Machines

Following SpaceX's record $1.77 trillion IPO, the article compares it with Intuitive Machines, which dropped 20% post-IPO. While SpaceX projects 73.5% revenue CAGR through 2028, it trades at an expensive 117x sales multiple and remains unprofitable due to losses in space and AI divisions. Intuitive Machines, though smaller with declining 2025 revenue, is valued more reasonably at 17x sales, projects faster 87.8% CAGR growth, and has a simpler business model focused on NASA lunar contracts. The analyst recommends Intuitive Machines as the better long-term investment despite SpaceX's higher growth expectations. (The Motley Fool, Jun 22, 4:14 PM ET)

3. I Didn't Buy the SpaceX IPO. Here's Why, and What I Bought Instead.

SpaceX's IPO has been highly successful with shares up 15% since debut and a market cap of $2.43 trillion. However, the author believes the valuation is too rich relative to current sales and has instead invested in Kraken Robotics, a subsea technologies company with a $2 billion market cap. Kraken is positioned for rapid growth through its acquisition of Covelya and benefits from rising defense spending and offshore energy projects. (The Motley Fool, Jun 22, 4:05 PM ET)

4. SpaceX Fuels AI Ambitions With $6.3 Billion Reflection Compute Deal

SpaceX signs $6.3 billion AI compute deal with Reflection which joins Anthropic and Google as Colossus tenants. (Benzinga, Jun 22, 3:54 PM ET)

5. GOOGL, MSFT Plunge Up To 6% On Monday: What Is Going On With AI Hyperscalers?

AI CapEx fears have Big Tech sliding, but David Katz is using the selloff to buy more. Find out why he's bullish on hyperscalers and cautious on chips. (Benzinga, Jun 22, 3:54 PM ET)

6. Elon's Biographer Says 'There Will Be A Merger' Between Tesla And SpaceX

Is an Elon Musk megamerger coming? Biographer Walter Isaacson predicts a massive Tesla (TSLA) and SpaceX tie-up. Here’s what prediction markets are pricing in. (Benzinga, Jun 22, 3:19 PM ET)

7. Musk Outshines Buffett, Gates, Zuckerberg And Bezos, Andrew Ross Sorkin Says: ‘Genius’

Financial journalist Andrew Ross Sorkin considers Musk a "genius," and says the new trillionaire is the answer to a tough question. (Benzinga, Jun 22, 2:41 PM ET)

8. SpaceX Lockup Countdown: When Shares May Become Safer to Buy

SpaceX's IPO on June 12, 2026, raised $75 billion at $135/share and surged 67% to $225, but only 5% of shares were publicly available. The company uses a unique 16-tranche lockup structure releasing shares over 12 months, with major unlock dates in late July/August, late September, October 31, and December 8, 2026. Insider selling pressure from employee tax liabilities and diversification will likely depress prices, but index inclusion demand and institutional buying may provide support. Patient investors should accumulate shares during unlock windows rather than chase the initial supply-constrained rally. (Investing.com, Jun 22, 2:08 PM ET)

Price Action

Metric	Value
Open	$176.05
High	$176.75
Low	$154.00
Close	$154.59
Change vs prior close	-$30.41 / -16.44%
Volume	150,907,101
Intraday range	$22.75
Close vs IPO offer price	+$19.59 / +14.51%

SPCX opened essentially at its intraday high of $176.75, then sold off in a nearly uninterrupted move through the session, closing at $154.59 — just $0.59 above the day's low of $154.00. The session's entire range of $22.75 was traveled almost entirely to the downside; the upper wick measures only $0.70, indicating sellers were in control from the first print. Volume of 150.9 million shares represents approximately 52% of the stock's short-lived daily average of 287.7 million shares, meaning this was not a panic-driven capitulation on outsized participation but a steady, below-average-volume decline.

Today's close of $154.59 puts SPCX below its IPO-day close of $160.95 for the first time, erasing the premium that had built from the June 12 first-day gain. The stock remains $19.59 above the $135 IPO offer price. From the June 16 intraday peak close of $201.80, the stock has now retraced approximately $47 over four sessions.

The five-session SMA-5 sits at $185.14 and the EMA-5 at $175.81; today's close is meaningfully below both, confirming the short-term trend has turned sharply lower.

Today's price action represents the steepest single-session decline in SPCX's brief trading history, closing within $0.59 of the session low on below-average volume.

Technicals

SPCX has been publicly traded for eight sessions. The 14-day RSI, 20-day, 50-day, and 200-day moving averages are not yet computable and would be statistically meaningless if they were. Technical analysis here is confined to price structure, candle shape, volume character, and identifiable levels derived from the actual trade history.

Trend

The short-term trend is unambiguously lower. The stock peaked at a closing high of $201.80 on June 16 and has printed four consecutive lower closes: $191.82, $185.00, and now $154.59. The EMA-5 at $175.81 and SMA-5 at $185.14 are both well above the current close, which is consistent with a stock that has broken below its near-term smoothed average and is in a downtrend on the only timeframe available. There is no longer-term trend to assess.

Candle read

Today's candle is a large bearish marubozu-like formation. The body measures -$21.46, spanning from the open at $176.05 to the close at $154.59. The upper wick is $0.70 and the lower wick is $0.59, making both negligible relative to the body. The close location value of 0.03 places the close at 3% of the range above the session low — essentially at the bottom. This is one of the more decisive single-session candles possible: the open was the high, the close was near the low, and there was almost no intraday recovery attempt. It signals persistent selling without meaningful demand absorption.

Support levels

The nearest identifiable support is the session low of $154.00, just below today's close. The next meaningful reference level below is the IPO offer price at $135.00, which represents where institutional allocations were priced and is a common psychological anchor for early holders. There are round-number levels at $150, $145, and $140 between today's close and the offer price, but none of these are derived from prior trade activity — they are round numbers only. No closing support below $154.59 exists in SPCX's eight-session history other than the $135 offer price.

Resistance levels

The IPO-day close of $160.95 is now the first overhead resistance level, having been broken from above today. The area around the session open at $176.05 and the EMA-5 at $175.81 represents a natural recovery target that also coincides with where today's selling began. The SMA-5 at $185.14 and the prior close of $185.00 form a cluster of resistance above that. The June 16 closing high at $201.80 remains the upper boundary of the established trading range.

Momentum interpretation

Bull scenario: SPCX holds the $154.00 session low on the next test, base-builds in the $154–$161 zone, and closes back above the IPO-day close of $160.95. Such a reclaim would suggest today's move was a shakeout rather than a trend change, with the next level to watch being the $175–$176 open area.

Bear scenario: SPCX fails to hold $154.00, trades into the $140–$150 range where there is no prior support, and tests the $135 IPO offer price. A close below $135 would mark a full round-trip to offer price in under two weeks and would likely accelerate selling from early holders.

Neutral scenario: The stock consolidates between $154 and $161, with volume remaining subdued and no clear directional resolution. A period of low-volume churn near the IPO close would not resolve the technical picture but would allow the short-term averages to compress toward the current price.

Trading Takeaway

Today's session combined two distinct pressures: a company-specific catalyst (the reported $20 billion bond deal signaling SpaceX is choosing debt over equity for near-term capital needs) and macro-sector rotation away from AI-exposed technology names. The resulting candle is technically bearish without qualification. The close below the IPO-day close of $160.95 is a meaningful threshold breach that removes a reference level many short-term holders were using as a floor.

For the next session, the key level to watch on the downside is the $154.00 session low. A break and close below that level with increasing volume would suggest the selling is not yet exhausted and opens a path toward the $135 offer price. On the upside, a reclaim of $160.95 — the IPO-day close — would be the minimum signal needed to suggest stabilization; the more meaningful recovery level is $175.81 (EMA-5), which is where the short-term average currently prices the trend.

Volume context matters: today's decline arrived on below-average participation. Heavy-volume selling on a subsequent down day would be a more definitive capitulation signal; a bounce on light volume would not yet clear the air.

Sources

Disclaimer

This report is for informational purposes only and does not constitute investment advice, a solicitation, or a recommendation to buy or sell any security. Market data is sourced from Alpaca Markets (SIP feed) and cited third-party publications. All figures should be independently verified before making any financial decision. Past price action does not predict future results. SPCX has been publicly traded for fewer than ten sessions; limited price history increases uncertainty in all technical observations made here.