SpaceX Has Surged From $135 to $209 Since Its IPO Friday
A trading app lights up and people who were just scrolling suddenly see a company they only knew from launches show up as a live stock. The price does not settle into anything familiar. It moves like it has been waiting years for that first public second.
SpaceX opened public trading at $150 a share after being set at $135 before the market opened. It climbed to $176 during the session and finished near $160, pushing its valuation past $2.1 trillion by close. Demand for shares reportedly came in multiple times higher than what was available, with early orders far exceeding supply. The company posted $18.7 billion in revenue alongside a $4.3 billion operating loss in its latest year, a gap that did not slow down buying pressure on day one.
Elon Musk saw his estimated net worth pass $1.1 trillion based on end of day pricing tied to his ownership stake. Reports around the offering pointed to heavy oversubscription, with interest stretching up to four times the amount being raised. Around 4,400 current and former employees are expected to gain millionaire status through their shares, with a smaller group reaching nine figure outcomes. A large portion of the stock is also expected to move into index funds quickly, pulling retirement and passive money into exposure almost immediately after listing.
This is one of those openings that hits the system all at once instead of easing in. It changes how people think about scale in public markets in a single afternoon.
