Shares surged past $170 following a 19% first-day gain, valuing the company at over $2 trillion amid mixed analyst ratings.
SpaceX shares rose approximately 6% in premarket trading Monday, reaching around $170, after a historic Nasdaq debut last week. The stock, priced at $135, closed Friday at $161, marking a 19% first-day gain and pushing the company’s market value above $2 trillion.
Analysts remain divided on the valuation. CFRA rated the stock a “sell” with a $115 target, citing aggressive expansion and high capital needs. Morningstar pegged fair value at $63, while NewStreet Research set a $165 target, arguing long-term potential justifies current levels.
The debut underscored SpaceX’s dominance in rocket launches, with NewStreet Research projecting a decade-long lead over competitors.