SpaceX opened at $162 per share after pricing its IPO at $135, raising $75 billion and valuing the company at $1.8 trillion.
SpaceX shares jumped 20% to $162 in their Nasdaq debut, trading under the ticker SPCX. The company priced its initial public offering at $135 per share, raising a record $75 billion and valuing SpaceX at approximately $1.8 trillion.
The IPO sold 555.6 million shares, marking the largest in history. SpaceX generated $19 billion in revenue last year from launch services, government contracts, and its Starlink satellite network. The company also holds 18,712 bitcoin, disclosed as of March 31.
Bitcoin remained flat, while AI-related crypto stocks rose following the debut. The listing provides public investors access to a leader in commercial space and satellite internet.