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Closing Bell: SpaceX Soars, Roku Gains, Space Stocks Decline | Stock Movers
Posted
June 12, 2026
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June 12, 2026
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Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Griefeld, Carol Massar and Tim Stenovec
- Shares of SpaceX (SPCX) climbed in their first day of trading on Friday following a $75 billion IPO that smashed records and instantly turned the crown jewel of Elon Musk’s business empire into one of the most-valuable public companies in the world.The stock climbed as high as $176.52, or 31% above its offering price, in afternoon trading in New York. The jump in price turned Musk into the world’s first trillionaire and sent the company’s market capitalization above $2 trillion.
- Roku (ROKU) is in talks to sell itself, with discussions being held with at least one US media company about a potential combination. No final decisions have been made on a potential sale, and there's no certainty the deliberations will lead to a transaction. Roku's shares rose as much as 24% in New York trading Friday, giving the company a market value of more than $21 billion.
- SpaceX’s initial public offering triggered a selloff in the shares of other rocket, satellite and space-related companies. Shares of companies like Rocket Lab Corp., Redwire Corp., and Virgin Galactic Holdings Inc. declined, with some falling as much as 13%, 14%, 16%, 17%, 20%, and 38%.
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Closing Bell: SpaceX Soars, Roku Gains, Space Stocks Decline
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