Elon Musk's SpaceX soars 20% in blockbuster Nasdaq debut
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- SpaceX shares rose 20% in early trading on Friday, reaching $162 after opening at $150.
- SpaceX priced its IPO at $135 per share, selling 555.6 million shares and raising $75 billion, the largest IPO ever.
- SpaceX is trading under ticker SPCX on Nasdaq, giving the company a market valuation of about $1.8 trillion.
- SpaceX generated roughly $19 billion in revenue last year from launch services, government contracts and Starlink operations.
- SpaceX held 18,712 bitcoin as of March 31, valued at just under $1.2 billion at $63,500 per coin.
- Bitcoin price remained roughly unchanged during SpaceX’s debut, contrasting with the rally in AI‑related crypto stocks.
Why it matters: The IPO gives public investors direct exposure to SpaceX’s $1.8 trillion valuation and its sizable Bitcoin holdings, while the massive $75 billion fund raise underscores unprecedented market appetite for private‑sector space ventures. It also signals a shift in capital allocation toward high‑growth aerospace and crypto‑linked assets, potentially reshaping portfolio strategies for institutional and retail funds alike.
