Live Coverage – SpaceX (SPCX) just opened on Nasdaq at $150 per share – up 11% from the $135 IPO price. The largest IPO in stock market history is now trading. Early desk indications hit $175 (+30%) before pulling back.
$75B raised | 555.6M shares | ~7th largest US company by market cap
At the $150 opening, SpaceX is valued at approximately $1.97 trillion – placing it above Tesla and making it roughly the 7th most valuable company in the United States.
The early desk indication of $175 (+30%) suggested even stronger demand, but pulled back to $150 by the official open – still a solid +11% pop that signals institutional confidence without the frothy excess that would worry long-term holders.
What the Market Is Pricing
An 11% pop on the largest IPO ever is a goldilocks outcome – not too hot (suggesting underpricing), not flat (suggesting weak demand). It tells you the market believes:
Starlink’s 12M subscribers are a real, recurring revenuebusiness
80%+ of US launches = infrastructure monopoly
Orbital data centers = the option value on AI infrastructure in space
Reusable rockets = cost advantages competitors can’t match
The pullback from $175 to $150 tells you the market is also wary of Musk’s 82% voting control, the capital intensity, and the speculative nature of the orbital compute thesis.
The AI IPO Wave – Scorecard
SpaceX (SPCX)LIVE – opened $150 (+11%)
OpenAI$852B – IPO within a year, model 5.6 this month
Anthropic~$200B – S-1 filed, Fable 5 live
Databricks$165-175B – raising
Bending Spoons$20B – F-1 filed
SpaceX is the first of the wave to actually trade. The market’s reaction sets the tone for every IPO that follows. An 11% pop on $75B raised = strong. OpenAI and Anthropic are watching closely.
Gennaro is the creator of FourWeekMBA, which reached about four million business people, comprising C-level executives, investors, analysts, product managers, and aspiring digital entrepreneurs in 2022 alone | He is also Director of Sales for a high-tech scaleup in the AI Industry | In 2012, Gennaro earned an International MBA with emphasis on Corporate Finance and Business Strategy.
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