SpaceX market value tops $2 trillion as shares jump 19% in Nasdaq debut
Elon Musk's rocket firm SpaceX closed up 19% at $161 on its first Nasdaq trading day, pushing market capitalization above $2 trillion. The record IPO raised $152 billion in fresh capital and lifted Musk to trillionaire status.
SpaceX shares began trading under ticker SPCX at $135 and closed at $161, a 19.3% first-day gain. Market capitalization reached $2.03 trillion, closing in on Amazon's $2.18 trillion valuation.
Morgan Stanley analyst Adam Jonas told clients the IPO pricing was "quickly seen as conservative". Goldman Sachs's Noah Poponak wrote that commercial Starship operations could generate an additional 35-40% upside through end-2027.
SEC Chair Gary Gensler told the Wall Street Journal the offering "sets a template for the next generation of mega IPOs". SpaceX said it will direct the $152 billion proceeds toward Starlink satellite manufacturing and the Mars programme. Not investment advice.
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