That Didn't Take Long: SpaceX Earned Its First Wall Street Sell Rating Less Than an Hour After Trading Began

Published June 16, 2026 · Category: Finance

Overview

The fireworks were flying on June 12, with arguably the most anticipated initial public offering (IPO) of the decade making its debut: Elon Musk's SpaceX (NASDAQ: SPCX)

SpaceX displaced oil giant Saudi Aramco as the largest IPO capital raise in history ($75 billion) and closed out its first trading session with a market cap of approximately $2.1 trillion. Musk's artificial intelligence (AI) and space economy conglomerate surpassed the likes of Broadcom, Tesla, and Meta Platforms to become the seventh-largest publicly traded company.

Details

But this wasn't the only history made on Friday. A little more than 20 minutes after the first SpaceX trade printed on the Nasdaq exchange, it earned its first Wall Street sell rating.

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Source

Originally published at www.fool.com.

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