SpaceX has entered a new era after making its historic debut on the public market, as the stock opened significantly higher, climbing to around $150 before pushing above $160 during early trading.
The aerospace company founded by Elon Musk began trading on the Nasdaq on Friday under the ticker symbol SPCX after pricing its IPO at $135 per share.
SpaceX(ticker: SPCX) shares are actively trading on the Nasdaq, opening at $150. They quickly rose to peak above $176 during their initial market debut, following a finalised IPO price of $135 per share.
The offering raised about $75 billion, making it the largest IPO ever recorded and surpassing previous mega-listings such as Saudi Aramco’s 2019 market debut.
Read also: Here’s what investors need to know about SpaceX historic trading day
The strong market reaction pushed SpaceX’s valuation above $2 trillion, placing it among the world’s most valuable companies.
Investors are betting heavily on the company’s future growth in space transportation, satellite internet, artificial intelligence infrastructure and long-term space exploration.
SpaceX marked its Wall Street debut with another major operation in space, launching a Falcon 9 rocket carrying 29 Starlink satellites from Florida’s Space Coast on the same day the company began trading publicly.
The launch highlighted the importance of Starlink, SpaceX’s satellite internet division, which has become one of the company’s biggest commercial assets and a key part of investor expectations.
The company’s ambitions include expanding Starlink globally, developing next-generation spacecraft, building space-based artificial intelligence infrastructure and eventually supporting missions to Mars.
The debut represents a turning point for the commercial space industry, transforming SpaceX from one of the world’s most influential private companies into a publicly traded giant watched by investors worldwide.
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