SpaceX shares jumped nearly 20% in early trading, propelling the company to fifth-largest by market value after its $150 IPO debut.
SpaceX stock (SPCX) opened at $150 and climbed to $192.50 within days, marking a near-20% gain in its second trading session. The surge pushed the company past Amazon to become the fifth-largest publicly traded firm by market capitalization.
The stock’s rapid ascent follows its IPO debut, with initial trading sessions exceeding expectations. Prior to listing, market consensus anticipated a strong opening but not an immediate leap into the top five.
Investors holding IPO shares face trading restrictions, including penalties for early sales within 15-30 days. Analysts caution against overconcentration in SPCX amid volatility.