SpaceX stock reaches new intraday high an hour into first trading session

Clay Webster FXStreet

SpaceX (SPCX) stock swung to a new daily high an hour into its first day of trading on Friday.

After getting stopped out at $168.75 about 10 minutes into the start of trading just before noon, SPCX traded to a range low of $155.20 before embarking on a steady climb. At 12:48 PM EST, SPCX eclipsed its prior high of the session and raced up to a high of $171.00 soon after.

Shares of SpaceX are now trading north of a 26% gain on the day after its $135.00 IPO on Thursday.

SpaceX 1-minute chart — SPCX 1-minute chart, June 12, 2026

The 1-minute chart above displays SPCX breaking slightly below its bottom trendline at about 12:35 PM EST before returning to the trend and rising to a new intraday high. The small pullback there found its footing at the 50-candle Exponential Moving Average (EMA), and that moving average is now swinging higher toward $166.00.

SPCX is likely to see further buying from on any pullbacks to that 50-candle EMA, although there is not much data yet to provide any realm of certainty.

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Author

Clay Webster

FXStreet

Clay Webster grew up in the US outside Buffalo, New York and Lancaster, Pennsylvania. He began investing after college following the 2008 financial crisis.

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