SpaceX IPO Valued at $2.1T with 11% First-Day Gain
SPCX•SpaceX closed its debut trading session at $150 per share, an 11% premium to the $135 IPO price, giving it a $2.1T market cap as the sixth-largest U.S. company. This week’s Federal Reserve meeting marks Kevin Warsh’s first rate decision and press conference under his chairmanship.
1. SpaceX IPO Performance
SpaceX launched its public trading at $150 per share, an 11% premium over the $135 IPO price, driving its market capitalization to $2.1 trillion and positioning it as the sixth-largest U.S. company.
2. Federal Reserve Meeting
The Federal Reserve’s upcoming policy meeting marks Kevin Warsh’s first rate decision and press conference as chair, with markets expecting rates to remain unchanged but seeking guidance on future monetary policy shifts.
3. Potential Tesla Merger
SpaceX holds close ties with Tesla via a $2 billion stake and Starlink integrations, and analysts assign at least an 80% probability that Elon Musk will merge the two entities to consolidate EV, robotics, and orbital ventures.
