Coinbase to Unveil Next Stage of 'Everything Exchange' Plan on June 16

June 12: SpaceX’s stock price climbed to $160, posting an approximately 18% intraday gain, according to Bitget’s data.

June 12: Binance has released an official announcement noting that due to force majeure, the Binance Wallet SPCXx Initial Public Offering (IPO) cannot move forward as scheduled. Below are the solutions arranged for participating users: **Full Refund** All locked USDC belonging to participating users will be fully refunded to their original payment methods. Users do not need to take any action to receive this refund. Refunds will be processed in batches, with all payments scheduled to be completed by June 12, 2026. **$1,000,000 SPCXB Airdrop** As a gesture of gratitude to users who took part in this event, Binance will airdrop a total of $1 million worth of bStocks SpaceX tokens (SPCXB) to every eligible participant. The airdrop will automatically be deposited into participating users’ spot accounts by June 18, 2026—no action is required from users to claim this airdrop.

BREAKING: June 12, per CNBC — SpaceX is set to start trading in 5 minutes.

June 12 marked the first day of SpaceX’s U.S. initial public offering (IPO). Its shares opened at $150 apiece, against an IPO price of $135 per share. This puts the company’s market capitalization at $1.96 trillion, a 12% increase from its $135-per-share IPO price.

On June 12, SpaceX kicked off its U.S. stock IPO, with shares opening at $150 on the first trading day. This valuation lifted the aerospace giant’s market capitalization to $1.96 trillion, briefly making Elon Musk the world’s first trillionaire.

On June 12, Nasdaq announced that SpaceX’s stock trading won’t kick off for several hours. The exchange’s president noted that extra time is needed to ensure the IPO proceeds are managed in an orderly fashion and to finalize the correct share price.