SpaceX Debuts on Nasdaq with Largest IPO, Shares Jump 20%
SpaceX shares surged 20% in their first trading day on Friday, opening at $150 before hitting $162, after pricing its record-setting initial public offering at $135 per share. The IPO raised $75 billion by selling 555.6 million shares, making it the largest IPO in history, and valued the company at around $1.8 trillion. Trading under ticker SPCX on Nasdaq, the debut gives public investors access to a company that has reshaped commercial spaceflight with reusable rockets and built a massive satellite internet network via Starlink. SpaceX generated about $19 billion in revenue last year from launch services, government contracts, and Starlink. The company also holds one of the largest bitcoin reserves among public firms—18,712 BTC as of March 31, worth nearly $1.2 billion at current prices. Bitcoin remained flat around $63,400, while AI-related crypto stocks saw modest gains.
Key facts
- SpaceX shares rose 20% on first trading day, from $150 open to $162.
- IPO priced at $135 per share, raising $75 billion—largest ever.
- Company valued at $1.8 trillion based on IPO price.
- SpaceX holds 18,712 bitcoin, worth ~$1.2 billion.
- Bitcoin flat at $63,400; AI crypto stocks slightly up.