--- title: "RKLB, SPCE, LUNR: Space Stocks Fall Hard after SpaceX Blockbuster IPO Opens on Nasdaq" type: "News" locale: "en" url: "https://longbridge.com/en/news/289613722.md" description: "Space stocks plummeted over 10% following SpaceX's historic $75 billion IPO on Nasdaq, which valued the company at $1.8 trillion. Investors sold shares of competitors like Rocket Lab and Virgin Galactic to take profits and fund the massive offering. Despite the sector-wide sell-off, Oppenheimer analyst Timothy Horan rates SpaceX a 'Moderate Buy' with a $190 price target." datetime: "2026-06-12T14:32:13.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289613722.md) - [en](https://longbridge.com/en/news/289613722.md) - [zh-HK](https://longbridge.com/zh-HK/news/289613722.md) --- # RKLB, SPCE, LUNR: Space Stocks Fall Hard after SpaceX Blockbuster IPO Opens on Nasdaq Space stocks sank sharply on Friday as Space Exploration Technologies (SPCX), or SpaceX, made its long‑awaited public debut on the Nasdaq (NDAQ). Shares of Rocket Lab (RKLB), Virgin Galactic (SPCE), Intuitive Machines (LUNR), Firefly Aerospace (FLY), and EchoStar (SATS) all fell more than 10% at the open, giving back much of yesterday's big rally. Elon Musk and SpaceX President and COO Gwynne Shotwell rang the opening bell on Friday, marking one of the most anticipated IPO moments in years. ### Introducing TipRanks MCP for Agents Explore FLYT for 2X leverage on FLY ## **Hard Reversal After Yesterday's Surge** The sector had soared on Thursday as traders piled into anything tied to space ahead of the historic listing. But once SpaceX began trading, the sentiment shifted. Investors rushed to take profits, unwind speculative bets, and shift capital toward the SpaceX IPO itself. Fund managers and retail traders are also selling other space names to free up cash for the massive offering. Many of these stocks had run up sharply over the past week, making them prime targets for "sell‑the‑news" moves now that the IPO is live. ## **Details of the SpaceX IPO** SpaceX's debut ranks among the biggest in market history, with the company raising $75 billion by selling 555.6 million shares at a fixed price of $135 each, giving it a valuation near $1.8 trillion. Investor demand was massive, with more than $250 billion in orders placed for the offering. That means the deal was oversubscribed nearly four times, drawing intense interest from both big institutions and retail buyers. The size of the offering has led investors to reshuffle portfolios, adding pressure to other space stocks. It is worth noting that trading does not start the moment the market opens. After the 9:30 a.m. bell, the stock went into an auction phase so buy and sell orders could line up and set a fair opening price. For a big IPO like this, steady trading can take a few hours to really start. ## **Is SPCX Stock a Good Buy?** Based on the rating of a single analyst covering SpaceX, Timothy Horan from Oppenheimer, the stock is a Moderate Buy. His price target of $190 implies about 41% upside from the IPO price of $135 per share. ### Related Stocks - [SPCX.US](https://longbridge.com/en/quote/SPCX.US.md) - [SATS.US](https://longbridge.com/en/quote/SATS.US.md) - [ASTS.US](https://longbridge.com/en/quote/ASTS.US.md) - [LUNR.US](https://longbridge.com/en/quote/LUNR.US.md) - [PL.US](https://longbridge.com/en/quote/PL.US.md) - [VCX.US](https://longbridge.com/en/quote/VCX.US.md) - [DXYZ.US](https://longbridge.com/en/quote/DXYZ.US.md) - [RKLB.US](https://longbridge.com/en/quote/RKLB.US.md) - [SPCE.US](https://longbridge.com/en/quote/SPCE.US.md) - [LUNRW.US](https://longbridge.com/en/quote/LUNRW.US.md) - [159227.CN](https://longbridge.com/en/quote/159227.CN.md) - [563380.CN](https://longbridge.com/en/quote/563380.CN.md) - [ROKT.US](https://longbridge.com/en/quote/ROKT.US.md) - [JEDI.US](https://longbridge.com/en/quote/JEDI.US.md) - [ARKX.US](https://longbridge.com/en/quote/ARKX.US.md) - [RKLX.US](https://longbridge.com/en/quote/RKLX.US.md) - [159241.CN](https://longbridge.com/en/quote/159241.CN.md) - [UFO.US](https://longbridge.com/en/quote/UFO.US.md) - [XAR.US](https://longbridge.com/en/quote/XAR.US.md) - [PPA.US](https://longbridge.com/en/quote/PPA.US.md) - [ITA.US](https://longbridge.com/en/quote/ITA.US.md) - [ASTX.US](https://longbridge.com/en/quote/ASTX.US.md) - [SPCH.US](https://longbridge.com/en/quote/SPCH.US.md) - [SPCF.US](https://longbridge.com/en/quote/SPCF.US.md) - [SPAL.US](https://longbridge.com/en/quote/SPAL.US.md) - [SNK.US](https://longbridge.com/en/quote/SNK.US.md) - [SSPC.US](https://longbridge.com/en/quote/SSPC.US.md) - [SPCU.US](https://longbridge.com/en/quote/SPCU.US.md) - [NDAQ.US](https://longbridge.com/en/quote/NDAQ.US.md) ## Related News & Research - [SpaceX IPO is said to be over two times oversubscribed already](https://longbridge.com/en/news/288937244.md) - [SpaceX opens at $150 per share.](https://longbridge.com/en/news/289619238.md) - [What did SpaceX stock close at after its first day of trading?](https://longbridge.com/en/news/289643703.md) - [Demand for SpaceX Shares Exceeds $250 Billion](https://longbridge.com/en/news/289229625.md) - [SpaceX opens at $150, an 11% pop for the most anticipated debut in history](https://longbridge.com/en/news/289620017.md)