Overview
- SpaceX priced its IPO at $135 and raised about $75 billion, and the stock jumped roughly 19% on its Nasdaq debut, closing near $161 on Friday and valuing the company above $2 trillion.
- Shares extended gains in Monday premarket trading, with investors focused on immediate events that could amplify volume and swings, including the start of options trading and the underwriters’ 30‑day greenshoe period.
- The company’s public finances show roughly $18.7 billion in 2025 revenue and a GAAP loss near $4.9–5 billion, with heavy capital spending directed to AI projects and the Starship program.
- SpaceX listed with a very small free float roughly 4–5%, a dual‑class voting structure that leaves Elon Musk with dominant control, and a staggered lock‑up schedule that will steadily expand tradable supply over the next six months.
- Near‑term market catalysts to watch are fast‑track inclusion by Nasdaq, FTSE Russell and MSCI that will force passive fund buying, broker holding restrictions and widespread merger talk such as proposals about combining Tesla and SpaceX that analysts and investors are debating as speculation.