SpaceX debuts above its $135 listing price as demand outstrips supply, while rival space stocks decline ahead of the offering.
SpaceX shares opened above their $135 initial public offering price today, driven by overwhelming investor demand. The Elon Musk-led satellite and launch services company saw its stock price climb as supply constraints fueled buying interest.
Rival space stocks retreated in pre-market trading, with Rocket Lab reversing gains after its recent inclusion in the Nasdaq 100. BTIG initiated coverage of Voyager Technologies on Thursday, while Momentus trimmed its rally following an earlier announcement.
The debut reflects strong appetite for aerospace equities, though broader sector sentiment remains mixed ahead of the highly anticipated listing.