- SpaceX's shares are set to open around $171 on Nasdaq, a 27% premium over the $135 IPO price.
- The aerospace giant's public listing is the largest in history, with a valuation exceeding $300 billion.
- Strong demand reflects investor enthusiasm for Starlink and AI initiatives, despite a net loss of $4.9 billion in 2025.
A Historic Debut
SpaceX's long-awaited public listing is off to a roaring start, with shares indicated to open at $171, well above the $135 IPO price set earlier this week, according to people familiar with the matter. The opening price, while not finalized, signals robust demand for the aerospace and satellite internet giant.
Behind the Numbers
The IPO, the largest ever, comes after SpaceX disclosed full-year 2025 revenue of $18.7 billion, driven primarily by Starlink's rapid expansion. However, the company reported a net loss of $4.9 billion, reflecting heavy investment in Starship and AI capabilities. “Investors are betting on future growth over near-term profitability,” said an analyst who tracks the space sector.
Market Impact
The scale of the listing has drawn comparisons to other mega-cap tech debuts, but SpaceX’s unique blend of launch services, satellite broadband, and AI ventures sets it apart. Index inclusion is a near-term possibility, which could drive further buying from passive funds.
What's Next
Trading volatility is expected in the first sessions as the market digests the valuation. CEO Elon Musk, in a statement, said the listing marks “a new chapter” for the company, which aims to use public capital to fund its ambitious Starship program and expand Starlink’s global reach. Attempts to reach SpaceX for further comment were not immediately successful.
Correction: An earlier version of this article misstated the IPO price as $130. It is $135.