SpaceX (NASDAQ:SPCX)’s closely watched public debut is off to a flying start.
The stock, trading under $SPCX, opened at $150 after pricing its IPO at $135 — already signaling strong demand right out of the gate
Before the open, CNBC reported indications of a $175 launch price, underscoring just how heated expectations had become heading into the listing. Since trading began, momentum has stayed firm. The shares have climbed to about $159.18, up roughly 18% in the first stretch of trading as investors pile into what is shaping up to be one of the most closely followed IPOs in years.
It’s a volatile but upbeat start, with early price action suggesting the market is still trying to find equilibrium after a heavily anticipated debut. Beyond the price action, analysts are already framing the listing as more than just an IPO story. Eric Chia, financial markets analyst at Exness, pointed to what he called “the multiplier nobody can ignore,” arguing that while Starlink and AI compute deals are already generating substantial revenue momentum, the real inflection point sits elsewhere. “Starlink generates revenue.