{"id":1894,"date":"2026-06-12T22:38:12","date_gmt":"2026-06-12T22:38:12","guid":{"rendered":"https:\/\/metrotransitreview.com\/?p=1894"},"modified":"2026-06-12T22:38:12","modified_gmt":"2026-06-12T22:38:12","slug":"spacex-debut-sparks-trading-frenzy-but-threatens-to-suck-oxygen-out-of-stock-market","status":"publish","type":"post","link":"https:\/\/metrotransitreview.com\/?p=1894","title":{"rendered":"SpaceX debut sparks trading frenzy, but threatens to suck oxygen out of stock market"},"content":{"rendered":"
\n

Elon Musk\u2019s historic SpaceX debut caused a trading frenzy Friday, shooting the company to a $2.15 trillion valuation \u2013 but its sheer size is threatening to suck oxygen out of the rest of the market.<\/p>\n

Read more Jimmy Kimmel accuses Elon Musk of \u2018stealing\u2019 as SpaceX founder becomes a trillionaire<\/a><\/p>\n

The rocket-launch firm debuted on the Nasdaq just after 11:47 a.m. at $150 a share, making it the largest-ever IPO \u2013 and making Musk the world\u2019s first trillionaire. The stock closed up 19% at $160.95.<\/p>\n

But other space stocks plummeted, suffering such big losses that they erased strong gains from the previous day as traders unable to get their hands on SpaceX shares attempted to cash in on the frenzy.<\/p>\n

\u201cIt\u2019s pulling a ton of money into just one company, which could temporarily drain liquidity from the rest of the market as investors focus on this,\u201d Ken Mahoney, chief executive of Mahoney Asset Management, told The Post.<\/p>\n

\u201cThis kind of massive offering draws in cash from all directions \u2014 big institutions, everyday investors, and funds that might otherwise be buying other stocks,\u201d he added. \u201cWith so much excitement around SpaceX, some of that money is shifting away from smaller companies or different sectors, at least for now.\u201d<\/p>\n

Shares in Virgin Galactic, the space company founded by English business magnate Sir Richard Branson, plummeted about 30% Friday. The stock was down 11% this week.<\/p>\n

Intuitive Machines and Rocket Lab Corporation fell 12.8% and 7%, respectively, over the week.<\/p>\n

Satellite companies were also hit hard, since SpaceX owns Starlink \u2013 Musk\u2019s satellite internet service provider, which has grown into a major defense contractor over the past few years. Its drones have reportedly been used in \u201ckamikaze\u201d attacks in Iran.<\/p>\n

AST SpaceMobile, Planet Labs and Satellogic were down 12%, 8.8% and 11.4%, respectively, this week.<\/p>\n

Kenin Spivak, chief executive of SMI Group, warned the SpaceX IPO could still create \u201ca whirlpool effect unlike anything we have seen before.\u201d<\/p>\n

Read more What is SpaceX, exactly? Here\u2019s a rundown of its massive bets \u2014 and why they\u2019re fueling excitement and anxiety across Wall Street<\/a><\/p>\n

Bitcoin, for example, traded roughly flat Friday at about $63,000 \u2013 but the cryptocurrency was battered over the past two weeks, as analysts attribute the pullback to investors preparing for massive AI IPOs.<\/p>\n

\u201cThe fact of the IPO and its performance will affect the funds available for other IPOs, particularly if SpaceX falls short of expectations,\u201d Spivak told The Post. \u201cWe are in uncharted waters, with two supersized IPOs just ahead.\u201d<\/p>\n

AI firms Anthropic and OpenAI have also filed for IPOs. Their stock market debuts are expected later this year, though the companies have not set dates.<\/p>\n

Mahoney warned that in the short-term, the massive SpaceX IPO could fuel more volatility in some areas of the market, though he remained optimistic about the long run.<\/p>\n

\n<\/div>\n

Amid hopes for a US-Iran peace deal, the Dow Jones Industrial Average on Friday gained 353 points, or 0.7%, while the S&P 500 and Nasdaq jumped 0.5% and 0.3%, respectively.\u00a0\u00a0<\/p>\n

SpaceX\u2019s mammoth debut could boost investor confidence by signaling that AI, space and tech stocks have been undervalued, Mahoney said.<\/p>\n

That\u2019s a sharp turnaround from earlier this year, when investors were warning about a potential \u201cAI bubble\u201d akin to the dot-com crash of the late 1990s and early 2000s.<\/p>\n

\u201cThe market has held on fairly well today. Some were speculating that the market would implode today, which of course did not happen,\u201d Mahoney said.<\/p>\n

Read more Elon Musk just became world\u2019s first trillionaire\u2014 how much is a trillion dollars really?<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Elon Musk\u2019s historic SpaceX debut caused a trading frenzy Friday, shooting the company to a $2.15 trillion valuation \u2013 but its sheer size is threatening to suck oxygen out of the rest of the market.<\/p>\n","protected":false},"author":1,"featured_media":1893,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1894","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\nSpaceX debut sparks trading frenzy, but threatens to suck oxygen out of stock market - Metro Transit Review<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/metrotransitreview.com\/?p=1894\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SpaceX debut sparks trading frenzy, but threatens to suck oxygen out of stock market - Metro Transit Review\" \/>\n<meta property=\"og:description\" content=\"Elon Musk\u2019s historic SpaceX debut caused a trading frenzy Friday, shooting the company to a $2.15 trillion valuation \u2013 but its sheer size is threatening to suck oxygen out of the rest of the market.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/metrotransitreview.com\/?p=1894\" \/>\n<meta property=\"og:site_name\" content=\"Metro Transit Review\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-12T22:38:12+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/?p=1894#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/?p=1894\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/#\\\/schema\\\/person\\\/7cd7bd9683106710eed62ba5da559b14\"},\"headline\":\"SpaceX debut sparks trading frenzy, but threatens to suck oxygen out of stock market\",\"datePublished\":\"2026-06-12T22:38:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/?p=1894\"},\"wordCount\":596,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/?p=1894#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/metrotransitreview.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/e8600bb42bfd3bcdbe81e2c473e5e40d.webp\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/metrotransitreview.com\\\/?p=1894#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/?p=1894\",\"url\":\"https:\\\/\\\/metrotransitreview.com\\\/?p=1894\",\"name\":\"SpaceX debut sparks trading frenzy, but threatens to suck oxygen out of stock market - Metro Transit Review\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/?p=1894#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/?p=1894#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/metrotransitreview.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/e8600bb42bfd3bcdbe81e2c473e5e40d.webp\",\"datePublished\":\"2026-06-12T22:38:12+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/#\\\/schema\\\/person\\\/7cd7bd9683106710eed62ba5da559b14\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/?p=1894#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/metrotransitreview.com\\\/?p=1894\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/?p=1894#primaryimage\",\"url\":\"https:\\\/\\\/metrotransitreview.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/e8600bb42bfd3bcdbe81e2c473e5e40d.webp\",\"contentUrl\":\"https:\\\/\\\/metrotransitreview.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/e8600bb42bfd3bcdbe81e2c473e5e40d.webp\",\"width\":1200,\"height\":799},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/?p=1894#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/metrotransitreview.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"SpaceX debut sparks trading frenzy, but threatens to suck oxygen out of stock market\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/#website\",\"url\":\"https:\\\/\\\/metrotransitreview.com\\\/\",\"name\":\"Metro Transit Review\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/metrotransitreview.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/#\\\/schema\\\/person\\\/7cd7bd9683106710eed62ba5da559b14\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\\\/\\\/metrotransitreview.com\"],\"url\":\"https:\\\/\\\/metrotransitreview.com\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SpaceX debut sparks trading frenzy, but threatens to suck oxygen out of stock market - Metro Transit Review","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/metrotransitreview.com\/?p=1894","og_locale":"en_US","og_type":"article","og_title":"SpaceX debut sparks trading frenzy, but threatens to suck oxygen out of stock market - Metro Transit Review","og_description":"Elon Musk\u2019s historic SpaceX debut caused a trading frenzy Friday, shooting the company to a $2.15 trillion valuation \u2013 but its sheer size is threatening to suck oxygen out of the rest of the market.","og_url":"https:\/\/metrotransitreview.com\/?p=1894","og_site_name":"Metro Transit Review","article_published_time":"2026-06-12T22:38:12+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/metrotransitreview.com\/?p=1894#article","isPartOf":{"@id":"https:\/\/metrotransitreview.com\/?p=1894"},"author":{"name":"admin","@id":"https:\/\/metrotransitreview.com\/#\/schema\/person\/7cd7bd9683106710eed62ba5da559b14"},"headline":"SpaceX debut sparks trading frenzy, but threatens to suck oxygen out of stock market","datePublished":"2026-06-12T22:38:12+00:00","mainEntityOfPage":{"@id":"https:\/\/metrotransitreview.com\/?p=1894"},"wordCount":596,"commentCount":0,"image":{"@id":"https:\/\/metrotransitreview.com\/?p=1894#primaryimage"},"thumbnailUrl":"https:\/\/metrotransitreview.com\/wp-content\/uploads\/2026\/06\/e8600bb42bfd3bcdbe81e2c473e5e40d.webp","articleSection":["Business"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/metrotransitreview.com\/?p=1894#respond"]}]},{"@type":"WebPage","@id":"https:\/\/metrotransitreview.com\/?p=1894","url":"https:\/\/metrotransitreview.com\/?p=1894","name":"SpaceX debut sparks trading frenzy, but threatens to suck oxygen out of stock market - Metro Transit Review","isPartOf":{"@id":"https:\/\/metrotransitreview.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/metrotransitreview.com\/?p=1894#primaryimage"},"image":{"@id":"https:\/\/metrotransitreview.com\/?p=1894#primaryimage"},"thumbnailUrl":"https:\/\/metrotransitreview.com\/wp-content\/uploads\/2026\/06\/e8600bb42bfd3bcdbe81e2c473e5e40d.webp","datePublished":"2026-06-12T22:38:12+00:00","author":{"@id":"https:\/\/metrotransitreview.com\/#\/schema\/person\/7cd7bd9683106710eed62ba5da559b14"},"breadcrumb":{"@id":"https:\/\/metrotransitreview.com\/?p=1894#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/metrotransitreview.com\/?p=1894"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/metrotransitreview.com\/?p=1894#primaryimage","url":"https:\/\/metrotransitreview.com\/wp-content\/uploads\/2026\/06\/e8600bb42bfd3bcdbe81e2c473e5e40d.webp","contentUrl":"https:\/\/metrotransitreview.com\/wp-content\/uploads\/2026\/06\/e8600bb42bfd3bcdbe81e2c473e5e40d.webp","width":1200,"height":799},{"@type":"BreadcrumbList","@id":"https:\/\/metrotransitreview.com\/?p=1894#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/metrotransitreview.com\/"},{"@type":"ListItem","position":2,"name":"SpaceX debut sparks trading frenzy, but threatens to suck oxygen out of stock market"}]},{"@type":"WebSite","@id":"https:\/\/metrotransitreview.com\/#website","url":"https:\/\/metrotransitreview.com\/","name":"Metro Transit Review","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/metrotransitreview.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/metrotransitreview.com\/#\/schema\/person\/7cd7bd9683106710eed62ba5da559b14","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/metrotransitreview.com"],"url":"https:\/\/metrotransitreview.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/metrotransitreview.com\/index.php?rest_route=\/wp\/v2\/posts\/1894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/metrotransitreview.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/metrotransitreview.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/metrotransitreview.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/metrotransitreview.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1894"}],"version-history":[{"count":0,"href":"https:\/\/metrotransitreview.com\/index.php?rest_route=\/wp\/v2\/posts\/1894\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/metrotransitreview.com\/index.php?rest_route=\/wp\/v2\/media\/1893"}],"wp:attachment":[{"href":"https:\/\/metrotransitreview.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/metrotransitreview.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/metrotransitreview.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}