SpaceX stock rose nearly 50% above its IPO price
SpaceX priced its initial public offering at $135 per share and closed its first trading day at $160.95.
The company’s market value reached about $2.6 trillion after the stock closed at nearly $201.80 on June 16.
SpaceX is the clear leader in rocket launches, completing 161 commercial launches in 2025 and controlling 82% of the US commercial launch market.
The Starlink-powered connectivity segment generated $11.4 billion in revenue.