Shares of SpaceX rose in premarket trading Monday following its record breaking debut last week on the Nasdaq, which set a new record for the largest initial public offering in history.
The stock was approximately 6% higher at the open, trading around $170.
On Friday, SpaceX surged 19%, closing at $161 after being priced at $135 per share. This valuation pushed the company’s market capitalization above $2 trillion.
Elon Musk’s aerospace company, known for its Starlink satellite internet service and a fleet of reusable rockets, recently merged with his artificial intelligence startup xAI in February.
Despite the impressive IPO, SpaceX reported nearly $5 billion in losses in 2025, fueling ongoing debate over whether its lofty valuation is justified.
Source (CNBC)
