VIX Falls Below 16 as SpaceX Jumps 13% After $2 Trillion IPO

2 articles · Updated · CNBC · Jun 15

Wall Street's fear gauge dropped below 16 on Monday, fully unwinding the volatility spike that began June 5 as investors absorbed SpaceX's record $2 trillion IPO without disruption.
SpaceX shares rose 13% to nearly a $2.5 trillion market value, helping drive a rebound in risk appetite that lifted the Nasdaq 100 3% and pushed the S&P 500 up 1.7% near a record.
Cboe said the VIX decline was amplified by investors unwinding protective 12-month hedges and downside-convexity positions, signaling a more bullish view even after this month's tech whipsaw.
Options flows still showed caution beneath the rally: more than $70 million of the day's $93 million in VIX premium was tied to puts, while chip ETF SMH remained put-heavy despite semiconductors hitting fresh highs.
Attention now shifts to Tuesday, when SpaceX options begin trading, a debut likely to test whether the IPO-fueled calm can hold in one of the market's favorite speculative arenas.

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SpaceX’s $2 Trillion IPO: Market Shockwaves, AI Ambitions, and the High-Stakes Road Ahead

Overview

SpaceX made its historic market debut on June 12, 2026, with President Gwynne Shotwell and CFO Bret Johnsen ringing the Nasdaq opening bell. This event marked a new era for the space industry and financial markets, immediately drawing analyst attention. NewStreet Research quickly initiated coverage with a bullish $165 price target, reflecting strong early optimism. The debut triggered a major reshuffling of investor portfolios, as funds moved into SpaceX and away from other space and satellite companies. This immediate reaction highlighted the significant impact of SpaceX’s entry on both market sentiment and the competitive landscape.

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