SPCX Price On Fire: Will Elon Musk Drive More SPCX Demand?

Coinpedia2026/06/16 19:30

By:Coinpedia

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SPCX/USDT.P has gained approximately 41% since June 12.
Price revisited the $224-$228 supply zone after rallying from $175.
Elon Musk's AI-themed post attracted nearly 8 million views.

The SpaceX IPO may have officially arrived on June 12, but traders in crypto markets had already been placing their bets weeks earlier.

That’s because tokenized versions of SpaceX shares were actively trading in the pre-market, giving investors an early glimpse into where demand and supply were building before traditional markets even opened. Now, those early levels are proving surprisingly relevant.

Early Trading Levels Return To Focus

SPCX/USDT.P on Binance has climbed roughly 41% since June 12, highlighting strong interest in the tokenized version of SpaceX shares.

More interestingly, today’s rally brought price back into the $224-$228 supply zone that had previously emerged during pre-market trading. Meanwhile, buyers initially stepped in around the $160-$165 demand area on the four-hour chart, establishing what became the foundation for the latest advance.

Markets love memory, and this week appears to be another example of that principle in action.

SPCX Price On Fire: Will Elon Musk Drive More SPCX Demand? image 0

Viral Musk Post Fuels Fresh Attention

Then came Elon Musk. A post today by the SpaceX and Tesla CEO quickly gained traction across X after he shared thoughts on the future of artificial intelligence and solar energy.

Musk wrote that if humanity could harness just one millionth of the Sun’s power for AI, it would represent intelligence vastly exceeding that of humanity. The post reportedly attracted nearly 8 million views, adding fresh attention to the broader SpaceX narrative.

Coincidence or catalyst? Traders seem to have made up their minds.

SPCX Price On Fire: Will Elon Musk Drive More SPCX Demand? image 1

SPCX Demand Remains In Spotlight

For now, SPCX continues to benefit from growing market attention following the SpaceX IPO debut.

The combination of active trading in tokenized markets, strong post-listing performance, and renewed visibility from Musk’s viral commentary has helped keep momentum elevated. As a result, market participants are closely watching whether future updates from Musk or SpaceX can sustain interest in both traditional shares and tokenized versions trading across crypto exchanges.

At the moment, SPCX remains one of the most closely watched post-IPO assets across both markets.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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09:12 AM EDT, 10/06/2026 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.5% and the actively traded Invesco QQQ Trust (QQQ) was 0.6% higher in Tuesday's premarket activity amid lower oil prices and optimism around tech stocks. US stock futures were also higher, with S&P 500 Index futures up 0.5%, Dow Jones Industrial Average futures advancing 0.7%, and Nasdaq futures gaining 0.7% before the start of regular trading. The US international trade deficit widened to $105.57 billion in August from a $92.83 billion gap in July, compared with a $102.1 billion gap expected in a survey compiled by Bloomberg as of 7:35 am ET. In premarket activity, bitcoin was up by 0.7%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1% higher, Ether ETF (EETH) advanced 1.6%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat. Power Play: Health Care The State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.3%, while the Vanguard Health Care Index Fund (VHT) and the iShares US Healthcare ETF (IYH) were inactive. The iShares Biotechnology ETF (IBB) was 0.7% higher. Option Care Health (OPCH) shares were up 21% pre-bell Tuesday after McKesson (MCK) and CD&R agreed to buy the company for roughly $5.80 billion. Winners and Losers: Technology The State Street Technology Select Sector SPDR ETF (XLK) gained 0.7%, the iShares US Technology ETF (IYW) was 0.5% higher, and the iShares Expanded Tech Sector ETF (IGM) was inactive. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was inactive, while the iShares Semiconductor ETF (SOXX) rose by 0.5%. Xanadu Quantum Technologies (XNDU) shares were up 7% in premarket activity after the company entered a multiyear deal with GlobalFoundries (GFS). GlobalFoundries was 1.4% higher. Financial The State Street Financial Select Sector SPDR ETF (XLF) advanced 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.9%, while its bearish counterpart, Direxion Daily Financial Be

MT newswire•2026/10/06 13:12