SpaceX IPO Raises $75 Billion at $135, Triggers Sector Pullback
SPCX•SpaceX began trading under SPCX after raising $75 billion at $135 per share in the largest IPO on record. Sector peers Rocket Lab and AST SpaceMobile slid 6.5% and 8.5% while SpaceX saw 21,000 call options traded—four times the daily average, led by the June 6/12 130-strike.
1. Historic IPO Launch
SpaceX commenced trading under the SPCX ticker after securing $75 billion in proceeds at $135 per share, the largest initial public offering on record.
2. Sector Peers Share Slump
Benchmark space-sector peers saw sell-offs, with Rocket Lab shares down 6.5% and AST SpaceMobile off 8.5%, and EchoStar tumbled 4.8% to $120.10 as holders reacted to the new SPCX listing.
3. Call Option Surge
Options traders exhibited bullish appetite, executing 21,000 SpaceX call contracts—four times the daily norm—with the June 12 130-strike call most active and the June 150 strike also drawing heavy volume.
