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.

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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