SpaceX Shares Soar 19%, Hit $2.1 Trillion Market Cap on Debut
SPCX•SPCX•SPCX•SPCX•SpaceX shares surged 19% on debut, valuing the company at about $2.1 trillion and making it one of the largest US public firms. Retail investors bought roughly $118 million of stock, including $18 million within the first 20 minutes, fueling a broader equity market rally after a volatile week.
SpaceX shares climbed 19% in their first trading session, establishing a market capitalization of approximately $2.1 trillion and ranking the company among the largest publicly traded firms in the United States.
Individual investors accounted for roughly $118 million of SpaceX purchases on day one, with about $18 million acquired within the initial 20 minutes of trading, underscoring strong demand from retail channels.
The successful debut helped alleviate market jitters following a week of volatility driven by higher interest rate expectations and geopolitical tensions, supporting a broader rally across equities and bolstering confidence ahead of upcoming AI-related IPOs.
