SpaceX shares surged 20% in early Friday trading, opening at $150 and climbing to $162. The aerospace leader priced its initial public offering at $135 per share, raising a record-setting $75 billion. Trading under the ticker SPCX on Nasdaq, the company now carries a valuation of approximately $1.8 trillion.
This blockbuster debut offers public investors their first equity stake in the firm that revolutionized commercial spaceflight with reusable rockets. Starlink, its satellite internet division, has emerged as a primary growth engine, generating significant revenue from remote areas lacking traditional broadband access.
Last year, SpaceX reported roughly $19 billion in revenue across launch services, government contracts, and Starlink operations. Beyond its core aerospace business, the company provides indirect exposure to digital assets. Disclosures indicate SpaceX held 18,712 bitcoin as of March 31, a stash valued at nearly $1.2 billion at recent market prices.