SpaceX Valuation Tops $2.1 Trillion After $75B IPO; ARK Buys $444M Stock
SPCX•SPCX•SPCX•SPCX•SpaceX shares climbed 7.7% in premarket trading following a 19% first-day gain, lifting its valuation above $2.1 trillion after a record $75 billion IPO. ARK Invest bought roughly 3.29 million shares valued at $444 million, increasing its private-space allocation in multiple ETFs.
SpaceX priced shares at $135 in its initial offering, raising $75 billion and closing first session at $160.95 for a 19% gain that valued the company at over $2.1 trillion.
In the first full trading session, shares climbed as much as 7.7% in premarket, extending the initial surge and reflecting investor enthusiasm around its AI and space strategy.
ARK Invest acquired roughly 3.29 million shares at an aggregate cost of $444 million, reallocating from AMD, Tesla and other tech names to boost its private-space holdings.
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