The Biggest IPO In The World Gives Me Exactly One Signal 🚀
By Grant Hawkridge
June 11, 2026
Today's number is… 0
SpaceX is set to become the market's most anticipated IPO, but it begins trading on Friday with zero days of price history.
Here’s the chart:
Let's break down what the chart shows:
The chart contains no price data.
There are no candles.
There are no highs.
There are no lows.
There are no moving averages.
There are no support levels.
There are no resistance levels.
The chart is blank.
The Takeaway: SpaceX will dominate financial headlines on Friday.
Everyone wants to know whether it's a buy. Everyone wants to know whether the valuation is too high, too low, or somewhere in between.
I don't have an answer.
As a trader, opinions don't make me money. A repeatable process does.
Right now, my process can't give me an answer.
My process is built around trend, relative strength, and momentum. Every one of those things depends on price history. Without price history, I can't tell whether institutions are accumulating shares. I can't tell whether the stock is outperforming the market. I can't tell whether buyers are consistently willing to pay higher prices.
Without price history, every conclusion is based on opinion rather than evidence.
The first few days of trading will be driven by excitement, expectations, and price discovery. The market still needs to establish where buyers are willing to step in and where sellers are willing to take control. Until those levels begin to develop, there isn't much for me to work with.
SpaceX may eventually become a great stock.
It may not.
I don't need to answer that question on Friday.
One of the biggest mistakes investors make is believing they need to have an opinion on everything. They don't. Sometimes the highest-conviction decision is admitting there isn't enough evidence yet.
Markets reward patience far more often than they reward prediction.
If SpaceX becomes a monster winner, there will be plenty of opportunities after the IPO excitement fades and real levels begin to emerge.
My job isn't to catch the first move.
My job is to catch the right move.
For traders who want to follow the action as it unfolds, the Stock Market TV team will be live at 2:00 PM ET. They'll be discussing the IPO, breaking down the price action, and looking at the stocks most likely to benefit from the listing.
I'll be watching from the same place I always do: the chart.
The difference is that on Friday, there won't be much of one.
