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Shares Open at $150, Surge to Close at $172.17
On its Nasdaq debut, SpaceX opens above the offer price and rallies 27.5% to close at $172.17, pushing market cap above $2 trillion.
Falcon 9 Launch from Cape Canaveral
In the same morning, a Falcon 9 rocket launches 29 Starlink satellites to low-Earth orbit, demonstrating the company's operational cadence on IPO day.
Opening Bell Ceremony at Nasdaq
Gwynne Shotwell rings the Nasdaq opening bell in New York; Elon Musk participates remotely from SpaceX’s Starbase in Texas.
SpaceX Prices IPO at $135 per Share
Late Thursday, SpaceX fixes its IPO offer price at $135, bypassing traditional roadshow book-building, set to raise ~$75 billion on 555.6 million shares.
SpaceX’s Nasdaq debut ended with a $2T+ market cap as shares surged 27.5% to $172.17, raising $75B. The listing cements the company as the commercial space sector’s funding juggernaut and a critical defense asset, with implications for NASA contracts, national security launch dependence, and the competitive landscape for military space systems.
SpaceX is reportedly preparing to file for an initial public offering as early as this week, aiming for a June debut with a massive $75 billion capital raise. The move marks a pivotal shift for Elon Musk’s aerospace giant, transitioning from a private venture to a public powerhouse as it scales Starlink and Starship operations.