SpaceX IPO Valued at $1.8T; Shares Up 30%, ETF Hits $1.3B Volume
SPCX•SpaceX's IPO valued the company at roughly $1.8 trillion and shares jumped over 30% since debut, including a 20% first-day surge. The Leverage Shares 2X SpaceX ETF recorded $1.3 billion in second-day volume while smaller space stocks fell 5–20% and the company's P/S ratio reached 117.
1. Record-Breaking IPO and Share Performance
SpaceX's $75 billion initial offering valued the company at roughly $1.8 trillion, triggering a 20% share jump on its first day and a 30% gain from debut through June 17.
2. Sector Divergence Among Space Stocks
Since the IPO, legacy aerospace names like GE Aerospace and Howmet have risen 5–9%, while smaller space equities such as Rocket Lab and Planet Labs have dropped 5–16%, with some plunging over 20%.
3. Elevated Valuation and Investment Risks
At a price-to-sales ratio of 117, SpaceX's valuation surpasses peers, raising concerns about profitability, governance under founder control and the sustainability of aggressive growth projections.
4. Leveraged ETF Trading Surge
The leveraged 2X SpaceX ETF recorded $1.3 billion in second-day volume, setting a new benchmark for single-day trading, though its daily rebalancing may induce volatility decay that can erode returns over time.
