SpaceX Starts Trading At $150, Before Rising To $165: 'Liftoff', Says Elon Musk-Led Company

AST SPACEMOBILE INC
Bank of America Corp
Goldman Sachs Group, Inc.
Jpmorgan Chase
Morgan Stanley

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Space Exploration Technologies Corp. (NASDAQ:SPCX) opened at $150 per share Friday, per Benzinga Pro data, delivering an initial 11% pop over its $135 IPO price in the largest public offering in history. The shares subsequently climbed to trade at $165 at the time of publication.

  • SPCX stock is trading now. See the chart and price action here.

SPCX Opens For Trading

The $150 opening price values SpaceX at roughly $1.96 trillion — adding approximately $197 billion in market cap above its IPO-night valuation of $1.77 trillion.

The debut came after SpaceX priced 555.6 million Class A shares at a fixed $135 each, raising $75 billion while demand for the offering topped $250 billion — nearly four times the available float, according to Bloomberg.

Goldman Sachs served as lead bookrunner, alongside Morgan Stanley, Bank of America, Citigroup and JPMorgan Chase, across a 21-bank syndicate.

The official SpaceX account on X celebrated the first trade with a post that read: “Liftoff! First $SPCX trade complete.”

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The opening price of $150 came in below the $174 level that pre-market activity had indicated earlier Friday morning — a signal that institutional price discovery tempered some of the early speculative enthusiasm.

MSCI confirmed on June 9 that SPCX qualifies for early large-cap index inclusion starting June 13, meaning passive index funds will be forced buyers at Friday’s close, potentially providing a structural tailwind into the second trading day.

Space-related names felt the pressure of SpaceX’s debut. Redwire Corp. (NYSE:RDW) and Satlogic Inc. (NYSE:SATL) each fell over 10%, while AST SpaceMobile Inc. (NASDAQ:ASTS) dropped 9% and EchoStar Corp. (NASDAQ:SATS) fell 12%.

SPCX Stock Price Activity: SpaceX shares were up 20.41% at $162.56 at the time of publication Friday, according to Benzinga Pro

Read Also: Retail Is Cashing Out Of Micron, AMD, AI Stocks Ahead Of SpaceX IPO

Photo: Shutterstock

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