SpaceX stock closed at $160.95 after debuting at $135, marking a 19% gain amid strong investor demand.
SpaceX began trading on June 12 at $135 per share, closing the day at $160.95 for a 19% gain. The stock briefly touched $175 during the session before settling lower, reflecting robust initial demand.
The IPO followed years of anticipation, with SpaceX combining operations from its rocket-launching, satellite broadband (Starlink), AI (xAI), and social media (X) businesses. Tesla’s 2,690% gain over the past decade has fueled investor optimism, though analysts caution against extrapolating short-term performance.
As of midday Monday, SpaceX shares traded near $183, extending first-day momentum. The S&P 500 returned 319.7% over the same 10-year period, underscoring Tesla’s outperformance.