SpaceX IPO surges on first trading day
SpaceX Nasdaq debut surged above its offering price in a record-setting IPO See why investors still question valuation, Starship, and long-term cash growth
SpaceX made its market debut on Nasdaq on Friday and finished its first day of trading well above its offering price. The stock opened at $150, closed at $160.95, and later rose further in afterhours trading.
The company’s debut was the largest IPO ever, with more than 500 million shares traded and a firstday market value above $2.1 trillion. The move was orderly compared with some expectations, even with a large retail allocation.
Investors and analysts said the strong opening has not removed longerterm questions about SpaceX’s valuation. Market commentary focused on whether its Starship program, AIrelated plans, and future cash generation can justify the company’s size over time.