SpaceX shares surged 19.2% from their $135 IPO price, ending Day 1 with a $2.1 trillion market cap.
SpaceX opened its first trading day at $150 per share after pricing its IPO at $135, closing at $160.95 for a 19.2% gain. The stock peaked at $176.52, with over 500 million shares traded, reflecting strong investor demand.
The company’s $2.1 trillion market cap surpassed Tesla’s $1.5 trillion valuation, placing SpaceX among the world’s top 10 most valuable firms. Trading volume fell short of Facebook’s 2012 debut but signaled robust interest.
Other space-sector stocks lagged as investors focused on SpaceX’s high-profile listing, which has continued to rise post-IPO.