SpaceX (Nasdaq: SPCX) debuts its first trading day in the U.S. stock market, opening at $172 per share, marking a 27.4% surge from its IPO priced at $135 per share.
Elon Musk’s aerospace venture has secured a record-breaking $75 billion through its initial public offering, establishing a new benchmark for American capital markets. This massive influx of capital positions the satellite and AI specialist as one of the most valuable corporate entities globally.
SpaceX enters the Nasdaq as the seventh-largest company in the United States by market capitalization. At a valuation of $1.77 trillion—derived from 13.08 billion outstanding shares—the firm has surpassed the nominal record previously set by Saudi Aramco’s 2019 offering.
Elon Musk, the company’s chief executive, stands to become the first individual to attain trillionaire status if valuations hold at the end of the trading session.
U.S. equities were moving in both territories on Friday, with investors monitoring progress toward a possible agreement between Washington and Tehran, while monitoring the movement of SpaceX’s debut. The S&P 500 and the Nasdaq Composite retreated slightly earlier in the opening minutes, while the Dow Jones Industrial Average managed a narrow gain. After an hour of the opening bell, all three indicators were in the green with S&P 500 gaining 0.60%, Nasdaq rising 0.39% and the Dow increasing 1.04%.
Trading sentiment weakened during the session following President Donald Trump’s remarks on Truth Social cautioning Iran to “get their act together,” despite ongoing reports of a potential peace agreement. Following these comments, stock prices slipped, and oil erased some earlier declines.
The anticipation of the SpaceX IPO also contributed to market activity as traders adjusted their portfolios ahead of the widely anticipated listing.
