SpaceX continues to make headlines as its stock rises again in premarket trading, extending a significant rally initiated by its recent debut on the Nasdaq. The stock opened at $150 and closed around $160, reflecting an approximate 19-20% increase from its initial public offering (IPO) price of $135. This impressive jump was part of the company's entrance into the market, where it raised a staggering $75 billion by selling 555 million shares. This amount establishes SpaceX as having the largest IPO in history, dwarfing the previous record held by Saudi Aramco's 2019 IPO, which raised about $25.6 billion.
What impact did SpaceX’s IPO have on its stock value?
Following its debut, SpaceX's market capitalization surged past $2 trillion, further cementing Elon Musk's status as the world’s first paper trillionaire. While the company recorded $18.7 billion in revenue for 2025, it has yet to achieve profitability. Notably, retail investors contributed to around 20% of the IPO allocations, illustrating strong individual interest in the stock.
How did the cryptocurrency markets respond to SpaceX's IPO?
The excitement around SpaceX also rippled through cryptocurrency markets. On Hyperliquid, a decentralized exchange, SpaceX contracts saw remarkable activity, recording over 7 million trades and generating more than $1.2 billion in trading volume on the inaugural day. Tokenized equities of SpaceX shares have been available on platforms like PreStocks and xStocks, showcasing a growing intersection between traditional equity markets and cryptocurrency.