SpaceX IPO Pushes Valuation to $1.78T, Shares Jump to $178
SPCX•SpaceX priced 555.6 million shares at $135 on June 11, valuing the company at $1.78 trillion, and closed its first trading session at $160.95 before rising to $178. The stock now trades at a trailing 12-month price-to-sales ratio of 110, surpassing Palantir’s 63 and dwarfing the S&P 500’s 3.5 multiple.
1. IPO Pricing and Debut Performance
On June 11, SpaceX sold 555.6 million shares at $135 each, securing a $1.78 trillion valuation. The stock opened on Nasdaq at $160.95 on June 12, up 19.2% from the offer price, and climbed another 10% to reach $178 by June 15.
2. Valuation Metrics and Peer Comparison
SpaceX’s trailing 12-month price-to-sales ratio now stands at 110, exceeding Palantir’s 63 multiple and far above the S&P 500’s 3.5 benchmark and Nvidia’s roughly 20x. This premium valuation underscores strong investor confidence in SpaceX’s growth trajectory.
3. Growth Drivers and Revenue Expectations
Investors are betting on expanded Starlink subscriber growth, lucrative government launch contracts and future revenue streams from satellite internet, space infrastructure and advanced launch services to sustain the current valuation.
4. Sector Impact and Competitor Response
The blockbuster IPO has reignited interest across the space launch sector. Subsequent analyst upgrades lifted Rocket Lab and Firefly Aerospace shares by over 4% and 6%, reflecting a rotation into high-growth space economy peers.
