local
Inside the SpaceX trading frenzy
By CNN Newsource at KVIA ABC-7
· June 30, 2026
· 5 min read
By John Towfighi, CNN
New York (CNN) — SpaceX was expected to be one of the hottest stocks on Wall Street this year – and it has quickly delivered on that promise, shattering trading volume records while companies race to launch new products tied to the stock.
Both the size of the IPO and the...
Key takeaway 15% on the day Trading frenzy Charles Schwab, which has been offering trading services for more than 50 years, told CNN that SpaceX’s IPO day was in the top five most active trading days in Schwab’s history.
Why this matters in The El Paso
El Paso investors are likely watching the SpaceX trading frenzy with great interest, given the city's own connections to the tech and aerospace industries. As a border city with a growing reputation for innovation, El Paso may see potential benefits from the growth of companies like SpaceX. The city's business leaders and entrepreneurs may be inspired by the company's dominance in the launch industry and its profitable Starlink satellite constellation. Additionally, the University of Texas at El Paso's strong engineering and computer science programs may produce graduates who could contribute to the development of new technologies in the aerospace sector. As the trading frenzy surrounding SpaceX continues, El Pasoans may be wondering what opportunities could arise for local investment and partnership with companies involved in the space industry. The city's economic development officials may also be exploring ways to attract aerospace-related businesses to the area, potentially creating new jobs and stimulating economic growth.
About this story
Original reporting by KVIA ABC-7 . The El Paso surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KVIA ABC-7 . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: June 30, 2026 ·
Source: KVIA ABC-7 ·
Reading time: 5 min
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Frequently asked about this story
What is this story about? By John Towfighi, CNN
New York (CNN) — SpaceX was expected to be one of the hottest stocks on Wall Street this year – and it has quickly delivered on that promise, shattering trading volume records while companies race to launch new products tied to the stock.
Both the size of the IPO and the...
When was this published? This article was first published on June 30, 2026 by KVIA ABC-7 and curated for The El Paso readers.
Who reported this story? This story was reported by CNN Newsource at KVIA ABC-7. To learn more about how The El Paso selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The El Paso, or browse our daily briefing and topic hubs .
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