SpaceX shares continue their rapid ascent in premarket trading, building on the momentum of a historic Nasdaq debut. The stock, which opened at $150 after pricing at $135, closed near $161 on its first day-a gain of roughly 20%. Early indicators suggest an additional 6% surge, as investor demand remains insatiable.
The initial public offering stands as the largest in history. The company raised $75 billion by selling 555 million shares, nearly tripling the previous record held by Saudi Aramco. This catapulted the firm’s market capitalization beyond $2 trillion, establishing Elon Musk as the world’s first paper trillionaire. The company reported $18.7 billion in revenue for 2025, though profitability remains elusive.
The mania is rippling through digital asset markets. On Hyperliquid, a decentralized perpetual futures exchange, SpaceX contracts exploded with over 7 million trades and $1.2 billion in volume on launch day. Tokenized equity representations of the shares are actively trading across various blockchain-based platforms.