SpaceX Rally Hits $192, Valuation Nears $2.3 Trillion After $75B IPO
SPCX•SpaceX raised $75 billion in its record $135-per-share IPO and saw shares rally 19% to $160.95 on Friday and $192 in the second trading day, valuing the company at ~$2.3 trillion. ETF issuers GraniteShares and Defiance launched 2× leveraged ETFs including SPAL, SNK and SPCU.
1. Record IPO and valuation
SpaceX raised $75 billion by pricing shares at $135 each, creating the largest IPO on record. The offering drew about $250 billion in orders—3.5 times the subscribed volume—surpassing the $29.4 billion Saudi Aramco listing by roughly 2.5 times.
2. Post-IPO share performance
Shares jumped 19% to $160.95 in the first day, then traded near $192 in session two, driving the valuation to nearly $2.3 trillion. This debut positioned SpaceX among the world’s highest-valued listed companies and solidified Elon Musk’s status as the first paper trillionaire.
3. Leveraged ETF launches
Several issuers launched 2× leveraged SpaceX ETFs for short-term trading, including GraniteShares’ SPAL and SNK, and Defiance’s SPCU, each resetting daily and charging around a 1.50% net expense ratio. They join offerings from ProShares, Direxion and Leverage Shares, part of about 25 filings ahead of the listing.
