SpaceX debuts on the Nasdaq at a strong $171, 27% above its IPO price of $135, pushing the valuation toward $2.24 trillion.
The offering is said to have attracted more than $250 billion in institutional orders, bringing total demand to approximately $350 billion in one of the most anticipated and largest offerings on the market ever.
SPCX Live on Nasdaq: SpaceX finally opens shares for public trading
Shares are expected to open at $171, representing an approximate 27% upside from the IPO price.
This would value the company at about $2.24 trillion when it debuted and make Elon Musk the world’s first trillionaire on paper.
The offering raised nearly US$75 billion and gives the rocket and satellite giant a massive market value of US$1.77 trillion since day one.
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Elon Musk said that when he launched SpaceX, he gave the company “less than a 10% chance” of success.
Early indicators He indicated a loud opening bang 25-30% above the IPO price, which would push the stock towards $168-175. A score of 27% at $171 is no mean feat.
This marks the public debut of the dominant player in the space economy, and Starlink subscribers and revenue ramp, reusable rocket command, defense contracts, and AI/orbital upside are now available to public investors.
Notably, the opening was $171 It decreases significantly Than veteran New York Stock Exchange trader Peter Tochman expected.
Market bettors on Calci now expect Elon Musk’s net worth to reach nearly $1.5 trillion this year.
With a small float, it’s overwhelming Demand from institutions Both retail and retail, the looming passive buying of ETFs/indexes has debuted as one of the most volatile and widely followed events in market history.
Before trading begins, NASDAQ runs a price discovery auction to match orders. No trades occur until supply and demand balance.
Major IPOs like Google and Meta are often delayed by more than two hours.
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