SpaceX Surpasses USD2T in Blockbuster Nasdaq Debut
Shares of Space Exploration Technologies Corp., listed on the Nasdaq under ticker "SPCX," closed at $160.95 — a 19.2% premium over their $135 IPO price. The company priced 555.6 million Class A shares, generating roughly $75 billion in gross proceeds and pushing its closing valuation to approximately $2.11 trillion, up from $1.77 trillion at offer price.
The stock opened at $150, already well above its listing price, and briefly breached $2.2 trillion in intraday trading as investor demand surged.
At closing, SpaceX ranked approximately sixth globally by market capitalization — trailing Nvidia, Alphabet, Apple, Microsoft, and Amazon, while overtaking Taiwan Semiconductor Manufacturing Co., Broadcom, Saudi Aramco, Meta, and Tesla.
The listing eclipsed Saudi Aramco's landmark 2019 offering, long considered the largest share sale on record.
Friday's debut represents a pivotal test of public-market appetite for high-growth space, satellite internet, and AI-linked ventures — granting investors their first direct stake in Musk's flagship aerospace business alongside his electric vehicle company, Tesla.
Founded by Musk in 2002, SpaceX has evolved from a commercial launch provider into a sprawling aerospace and communications enterprise anchored by its Falcon rocket family, Starlink satellite internet network, and ambitious long-term Mars colonization ambitions — despite lingering investor questions surrounding capital demands, profitability timelines, and Musk's expansive influence across multiple industries.
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