Stocks

SpaceX began trading on Wall Street under the SPCX ticker after selling 556 million shares at $135 each, with the stock opening at $150 and later swinging as high as $170 before slipping below $160. The IPO raised $75 billion and pushed SpaceX's market capitalization above $2 trillion, placing it ninth globally at the time of reporting. The newly assigned trillion-dollar valuation also lifted Elon Musk's paper wealth, with one post claiming he became the world's first trillionaire.

BlackRock filed a Form 8-A with the SEC on June 11 for its iShares Bitcoin Premium Income ETF (BITA), registering shares for listing on Nasdaq. Bloomberg ETF analyst Eric Balchunas said the step typically indicates trading could begin in about a week, pointing to a potential June 18 launch. BTC was priced at $63,476.23 at press time, up 1% over 24 hours and 2.5% over seven days.

On June 11, 2026, BlackRock saw combined net inflows of $38.89 million into its Bitcoin and Ethereum spot ETF products. IBIT posted a $30.26 million inflow and held about $48.59 billion in total assets, while ETHA added $8.63 million and had roughly $4.79 billion in net assets. Over the past seven days, Bitcoin rose 2.47% to $63,440 and Ethereum gained 0.64% to around $1,666.

SpaceX is scheduled to start trading on Nasdaq on June 12, 2026, after a $75 billion IPO, and market participants are weighing how the listing could affect crypto sentiment. One view is that more than $5 billion of outflows from bitcoin ETFs helped push BTC below $60,000 as investors sought IPO liquidity, which could later rotate back into crypto. Others warn that record IPOs have often appeared near equity-market peaks, potentially pressuring risk assets, including bitcoin, which has hovered around $63,000 after briefly dipping under $60,000 last week.

On 12 June 2026, Solana Foundation President Lily Liu said on CNBC that crypto’s key value is always-on financial access for anyone with an internet connection, which she framed as a potential market of 5.5 billion users. Her comments came as SOL traded at $67.21, about 33% below its 200-day average of $100.43, while the network hosted tokenized exposure tied to SpaceX’s Nasdaq debut priced at $135 per share and valued near $1.75 trillion.

Elon Musk's SpaceX begins trading on Wall Street today following a record $75 billion initial public offering. The deal prices 555,555,555 Class A shares at $135.00 each, valuing the company at $1.77 trillion. Underwriters have an option to purchase an additional 83.3 million shares, which could raise the IPO size to about $86 billion.

Bitcoin's recent drop to $59.1K pushed short-term holders into a severe stress phase, with short-term holder whales carrying $16.4 billion in unrealized losses. Bitcoin ETFs have also seen the deepest drawdown on record, with an estimated $10.5 billion leaving since 12 October. Miner indicators worsened too, as the 30-day Puell Multiple slid to 0.74 and Miner Capitulation hit -21%, raising concerns that deteriorating conditions could echo 2022-style equipment shutdowns.

Broadcom (AVGO) gains 3.62% on June 11, 2026, closing at $385.57 following the official launch of a massive $2.5 billion senior note cash repurchase program.

Advanced Micro Devices (AMD) rebounds 7.97% to close at $488.45 on June 11, 2026, as geopolitical relief and sovereign data infrastructure commitments bring buyers back to the chipmaker.

Intel (INTC) shares rocket 9.27% on June 11, 2026, climbing past $116.96 following a rare double upgrade from Bank of America highlighting central processor demand in the artificial intelligence sector.