SpaceX made its Nasdaq debut on Friday under the ticker SPCX, closing up 19% at around $161 after opening at $150. The stock hit an intraday high of $176.52 on day one.
Space Exploration Technologies Corp., SPCX
By Monday premarket, it had added another 5.6%, reaching $169.92. That move came as the broader market also rallied, with S&P 500 futures up 1.3% after the U.S. and Iran announced an interim peace deal.
The IPO raised $75 billion, making it the largest in history. SpaceX closed Friday with a market cap of roughly $2.1 trillion.
More than 500 million shares traded on the first day, approaching the volume Facebook saw at its 2012 debut, which drew around 580 million.
Had SPCX been an S&P 500 member, it would have ranked as the index’s fourth-best premarket performer Monday. Only Micron Technology, Seagate Technology, and Western Digital were ahead of it.
Those three names — Micron, Seagate, and Western Digital — have all earned momentum status this year, meaning investors pile in on up days expecting further gains. SpaceX appears to be following the same playbook, just 48 hours in.
On a JPMorgan Chase livestream ahead of the listing, Musk said SpaceX has been cash-flow positive since around 2015 and called the IPO the start of “a significant growth phase.” He outlined plans to put more than 100,000 satellites in orbit and build AI data centers in space.
That hasn’t stopped some investors from questioning the valuation. The stock currently trades at 61 times expected 2026 sales, and the company does not yet turn a profit.
On Sunday, Musk posted on X that SpaceX revenue could top $1 trillion by 2030, responding to a Morgan Stanley forecast circulating on the platform.
Jefferies analysts, in a note released to coincide with the IPO, estimated the global space economy has reached $600 billion and could triple to $1.8 trillion by 2035, with defense as the fastest-growing segment.
The U.S. government accounts for roughly 60% of global government space spending, at around $80 billion. The Space Force budget jumped 40% year-on-year in fiscal 2026, hitting $40 billion — well above NASA’s $24 billion budget.
SpaceX is NASA’s second-largest commercial contractor by dollars received, pulling in $2.1 billion in 2025 contracts covering launch services, communications, and IT infrastructure.
Jefferies noted that “the U.S. government has effectively outsourced significant space activity to SpaceX, creating an inextricable linkage between federal spending priorities and the company’s business.”
SpaceX cannot join the S&P 500 for at least 12 months post-IPO, per S&P Dow Jones Indices rules.
The post SpaceX (SPCX) Stock Rises 6% on Second Trading Day After Record IPO appeared first on CoinCentral.
