SpaceX IPO Pops 20%, Valuation Tops $2.8T as Options Begin Trading
SpaceX shares soared 20% on their June 15 IPO debut, rising above $200 and lifting its valuation past $2.8 trillion to top Amazon. Trading debut of options today signals high volatility and volume while the company moved to acquire AI coding startup Cursor for $60 billion in stock.
1. IPO Debut and Valuation
SpaceX shares trading under PSPAC surged 20% at their June 15 market debut, climbing above $200 per share and pushing market capitalization past $2.8 trillion, surpassing Amazon in valuation.
2. Options Trading Launch
On June 16, SpaceX options began trading, with brokerage platforms reporting elevated implied volatility forecasts and high order volumes, suggesting significant price swings as investors position ahead of future catalysts.
3. $60 Billion Cursor Acquisition
SpaceX agreed to buy Cursor, an AI coding specialist, for $60 billion in stock, marking its first major acquisition since the IPO and reflecting an aggressive push into artificial intelligence capabilities.
