SpaceX Shares Surge 20% After Record-Breaking Nasdaq IPO Debut

SpaceX delivered a strong start to public trading as shares jumped about 20% during their Nasdaq debut, making it one of the most closely watched stock market launches in recent years. The company began trading under the ticker SPCX after completing a historic initial public offering.

SpaceX IPO Raises $75 Billion

The aerospace and satellite communications company priced its IPO at $135 per share, selling 555.6 million shares and raising approximately $75 billion. The offering valued the company at around $1.8 trillion, making it the largest IPO ever recorded.

Shares opened at $150 before climbing above $165 in early trading, reflecting strong investor demand and confidence in the company’s long-term growth prospects.

Starlink and Space Business Drive Growth

SpaceX has transformed the commercial space industry through reusable rocket technology and its rapidly expanding Starlink satellite internet network. The company generated roughly $19 billion in revenue last year from launch services, government contracts and satellite operations.

Bitcoin Holdings Add Investor Interest

Investors are also gaining exposure to one of the largest bitcoin holdings among publicly traded companies. As of March 31, SpaceX held 18,712 Bitcoin. Based on recent market prices, those holdings are valued at nearly $1.2 billion.

Market Reaction Remains Positive

While Bitcoin traded relatively flat near $63,800, technology and AI-related assets posted gains, adding to the positive sentiment surrounding SpaceX’s public market debut.