SpaceX IPO Raises $10.7B, Stock Soars 19% and Trades at 110x P/S
SPCX•SpaceX’s Nasdaq debut valued the company at $1.78 trillion and its stock closed up 19.2% on day one, then jumped another 10% on day two. It trades at a 12-month price-to-sales ratio of 110x versus Palantir’s 63x and raised $10.7 billion from its IPO.
1. SpaceX IPO Performance
On June 11, SpaceX offered 555.6 million shares at $135 per share, valuing the company at $1.78 trillion. Strong demand drove a 19.2% first-day gain and a further 10% increase in session two, pushing market capitalization above $2.1 trillion.
2. Premium Valuation Metrics
Investors have bid the stock to a trailing 12-month price-to-sales ratio of 110x, topping Palantir’s 63x and far exceeding the S&P 500’s 3.5x and Nvidia’s 20x. SpaceX’s price-to-book ratio also sits at double Palantir’s level.
3. IPO Fundraising Proceeds
The combined offering has raised $10.7 billion, earmarked for scaling Starlink broadband, pursuing government contracts and investing in next-generation launch technologies.
