On June 17, SpaceX rose 3.04% in pre-market trading, trading at $210.99/share, with turnover of $110 million. The stock has now gained approximately 56% from its IPO price of $135 over just three trading days.
The continued upside is driven by multiple catalysts. SpaceX disclosed in a regulatory filing that it has signed an agreement to acquire AI coding tool Cursor in a deal with an implied equity value of $60 billion, expected to close in Q3. The acquisition strengthens the xAI ecosystem and positions SpaceX as a vertically integrated AI infrastructure player. Simultaneously, SpaceX options began trading on their first full session, with call option volume reaching nearly one million contracts, ranking fifth across all U.S. equities and fueling additional speculative demand.
Limited free float remains a structural tailwind — only approximately 4.2% of total shares outstanding are currently tradable, amplifying buying pressure. Analysts note that passive index fund rebalancing could inject an estimated $8–18 billion in mandatory buying within 15 days of listing, while early shareholders remain locked up.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
