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SpaceX stock soars 50% post-IPO while Dogecoin remains flat, signaling fading Musk influence on DOGE.

Market News
17 Jun 2026
Benzinga
View Source
Neutral
pluang ai news

SpaceX (SPCX) surged 50% since its June 12 IPO, reaching $201.80, driven by strong revenue and growth prospects including $18.7 billion revenue in 2025 and a $60 billion AI tool acquisition. Meanwhile, Dogecoin (DOGE) showed only a brief 7.6% spike that quickly faded, reflecting diminishing impact of Elon Musk's influence on its price. Market experts note DOGE's fixed inflation and lack of utility as reasons for its stagnation, with future growth tied to upcoming structural developments like DogeOS and regulatory clarity rather than social media hype.

More News (DOGE)

Dogecoin struggles below $0.085 as whales sell and futures open interest drops 7%.

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