SpaceX Stock Rises Again on First Full Trading Day After Record IPO
SpaceX shares moved higher Monday, extending gains from a historic Nasdaq debut that already made the company one of the most valuable publicly traded firms in the world.
The stock rose between 5% and 8% during its first full day of trading after climbing roughly 19% on Friday, when investors rushed to buy shares of Elon Musk’s aerospace company following its record-setting public offering.
The IPO raised approximately $75 billion and briefly pushed SpaceX’s valuation above $2 trillion, surpassing many established technology giants and becoming one of the largest public offerings ever completed.
Subscribe free for daily political analysis they won’t broadcast. Join 110K+ readers →
Investor demand remained strong after the opening session. Data cited by MarketWatch showed retail investors purchased more than $117 million worth of SpaceX stock on IPO day, accounting for more than half of all net retail buying activity that session.
Supporters argue the enthusiasm reflects SpaceX’s dominant position in commercial launches, the growth of its Starlink satellite network, and investor confidence in future expansion plans.
Not everyone is convinced. Several analysts have warned that the company’s valuation remains difficult to justify using traditional financial metrics and have pointed to future volatility as additional shares become available for trading after lockup periods expire.
The company now faces a different challenge than its IPO launch: proving it can meet the expectations embedded in one of the market’s highest-profile valuations.
Subscribe free for daily political analysis they won’t broadcast. Join 110K+ readers →