SpaceX shares fell for a second consecutive day after the company’s historic stock market debut, while U.S. indices opened higher on Thursday, June 18, 2026, amid mixed global market reactions. The company’s stock dropped 10.3% on Thursday, following a 5% decline on Wednesday, though it remained 30% above its $135 initial offering price as the first full week of trading neared its end, according to news.google.com.
SpaceX Stock Volatility and Analyst Predictions
SpaceX’s stock volatility has remained high, with the first week of trading marking a 55% average drop from the opening price for major initial public offerings, as noted by Truist Wealth. The company’s shares closed Wednesday at a 5% loss, but the Vanda Research reported net buying of $2.3 million, which shifted to $3.5 million in net selling by Thursday’s first 10 minutes before stabilizing. Analysts remain divided, with Andrew Beale of Arete Research issuing a buy rating and a $401 target price, projecting the company could surpass $200 billion in revenue by 2030. However, he cautioned that the space sector’s unpredictability, including technical challenges and environmental concerns, requires careful management of expectations.
Market Reactions Across Indices
U.S. indices opened positively on Thursday, with the Nasdaq Composite rising 1.48% to 26,405, the S&P 500 gaining 1.07% to 7,499, and the Dow Jones Industrial Average (DJIA) increasing 0.27% to 51,629, according to Tőzsdefórum. In Europe, the DAX rose 0.38%, while the FTSE 100 fell 0.90%. The Brent crude oil price dropped to $78.13 per barrel, and gold futures declined 2.37% to $1,036.75 per ounce. The TTF gas price fell 2.50% to €40.86 per megawatt-hour, marking a significant drop from its three-month high of €61.14.
The $20 Billion Bond Offering and Its Implications
SpaceX is set to begin negotiations with investors for a $20 billion bond offering, aimed at refinancing an existing $29.1 billion long-term debt that matures in September 2027. The company has secured investment-grade ratings from all three major credit agencies, providing favorable borrowing terms. The transaction will be coordinated by major banks including Bank of America, JPMorgan Chase, and Goldman Sachs. This move comes as the company seeks to manage its debt load following its $135 stock price debut, which made Elon Musk the world’s first dollar-ezermilliárdos (a term used in Hungarian to denote a billionaire in the context of the Hungarian economy).
Broader Market Trends and Geopolitical Context
The U.S. stock market’s positive start contrasted with European market fluctuations, with Frankfurt and Paris showing gains while London lagged. The broader market dynamics were influenced by optimism over a potential Middle East peace agreement, though this detail was not elaborated in the sources.
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