SpaceX Heads Toward Its Historic IPO, Will Elon Musk’s Giant Offering Become A Massive Profit Taking Event?
June 10, 2026 · Nitsan
One Of The Biggest IPOs In Market History Is About To Arrive
Elon Musk’s space company SpaceX is expected to begin trading on the Nasdaq under the ticker SPCX with an IPO price of $135 per share.
The offering is already generating enormous attention across financial markets, with the company expected to enter the public market at an estimated valuation of approximately $1.75 trillion.
Much of the excitement surrounding the IPO comes from Starlink, government contracts, satellite communications, rocket launches and the fact that SpaceX has become one of the most recognizable companies associated with Elon Musk.
There Is Currently No Public Trading Chart
At this stage, there is still no real public trading chart for SPCX.
This means that a full technical analysis cannot yet be performed the same way it can with stocks that have been trading publicly for years.
Only after trading officially begins and real candles, volume, support levels, resistance zones and market structure start forming will it become possible to build a more reliable technical perspective.
In our opinion, the first trading days could become extremely volatile.
Is The IPO Arriving At The Worst Possible Timing?
One of the most interesting aspects surrounding the IPO is its timing.
In our recent articles regarding U.S. stock indices, we explained that in our opinion the Nasdaq is entering a significant profit taking zone after years of aggressive upside fueled by massive money printing, the AI boom and semiconductor stocks.
If a deeper correction indeed begins across U.S. equity markets, we believe that even a highly popular new stock such as SpaceX could experience substantial downside pressure.
Could We See A Sharp Selloff Immediately After The Opening?
Despite the massive excitement surrounding the IPO, we believe there is a strong possibility of unusually high volatility during the first trading sessions.
Even if the stock opens around $135 or quickly rallies toward $140, $145 or even $155, in our opinion these levels could become major profit taking zones where traders place SELL LIMIT orders.
Very often in financial markets, the biggest IPOs that receive the most media attention eventually experience aggressive selloffs after the initial wave of excitement fades.
We believe there is a significant possibility that after the early enthusiasm, the stock could eventually decline directly below $100 before attempting to build a new long term bullish structure.
Round Numbers Could Become Major Psychological Levels
Once trading officially begins, we believe many traders will closely watch important psychological round numbers such as:
$50
$100
$150
$200
In financial markets, these round levels often become zones where profit taking, false breakouts and aggressive volatility appear.
Could The $215 Area Become A Future Short Opportunity?
In our opinion, if SPCX eventually rallies toward the $200 area, the $215 zone could become an important area where professional traders begin searching for short opportunities.
We believe that similarly to what happened in large technology stocks such as NVIDIA after aggressive rallies, SPCX could eventually experience sharp profit taking after a major upside move.
In such a scenario, we believe the stock could potentially decline back toward the $190 area after a strong rally.
Conclusion
SpaceX is entering public markets with enormous expectations, a massive valuation and extraordinary global attention.
However, precisely because expectations are so high, we believe the first trading sessions could become extremely volatile.
At the moment there is still no real public trading chart, meaning technical analysis will only become possible after trading officially begins and real market structure starts forming.
In our opinion, once the initial excitement begins fading, there is a strong possibility that aggressive profit taking could appear before the stock attempts to establish a new long term trend.
Disclaimer:
This article reflects technical analysis, personal opinion and market interpretation only and does not constitute investment advice or a financial recommendation. Trading financial markets involves substantial risk.
