SpaceX IPO debuts on Nasdaq at $135, ticker SPCX

SpaceX began trading on Nasdaq under the ticker SPCX after the company priced 555.6 million shares at $135 each. The offering raised about $75 billion and assigned a market value around $1.8 trillion at the open. Demand during allocation exceeded the shares available by multiple times, giving individual investors their first direct chance to buy SpaceX stock on a public exchange.

Underwriters completed the sale at the $135 price before the stock began trading. Institutional investors and many retail accounts received allocations through the IPO process. Investors who did not receive shares in the allocation can place orders once SPCX appears on the Nasdaq order book.

U.S. investors can buy SPCX through brokerage platforms that offer access to Nasdaq-listed equities, including mainstream retail brokers. International investors can access the stock through brokers that provide U.S. market trading. Several brokers permit fractional-share purchases, which allow investors to buy part of a share rather than a full share.

Limit orders allow buyers to set the maximum price they will pay and can reduce the risk of executing at an unexpectedly high price when trading begins. Market orders execute at the prevailing price and can result in larger-than-expected fills during periods of heavy trading. Investors should confirm their brokerage accounts are approved for U.S. trading and funded before market open.

Newly listed stocks frequently show wide price swings in the first hours, days and weeks after listing. Some IPOs surge immediately and later fall, while others start lower and gain over time. After its 2012 IPO, Meta Platforms’ stock fell sharply and took more than a year to recover its initial losses, illustrating the range of possible outcomes for large listings.

SpaceX’s public valuation reflects expectations for growth in Starlink satellite internet, commercial and government rocket launches, and the company’s work in artificial intelligence. The number of shares available to trade and heavy retail interest are factors that market participants will monitor for potential volatility.

The early trading performance of SPCX will provide a public market test of the company’s near-$1.8 trillion valuation. Market participants will watch trading volume, price swings and how investors price SpaceX’s future revenue from its key businesses. Observers will also note whether SPCX’s debut affects sentiment for other large private technology companies preparing to list.