SpaceX Stock Draws Crash Warnings After Record Nasdaq Debut

SpaceX shares are drawing warnings of a Tesla-style post-IPO drop days after a record Nasdaq debut, as traders debate whether scarcity can keep SPCX elevated near a $3 trillion valuation. According to BeInCrypto, SpaceX priced at $135 on June 12, raised about $75 billion in the largest IPO on record, and has since traded about 56% higher near $213.95. Kalshi said SpaceX touched a $3 trillion valuation in after-hours trading on $18.7 billion in 2025 revenue. Bears including Ted Pillows and Jo Bhakdi see a potential sharp correction, while Thierry Borgeat argues a tiny float and lockups could prolong the squeeze; lock-up expirations begin in August.