Space Exploration Technologies Corp.
The $150 opening price values SpaceX at roughly $1.96 trillion - adding approximately $197 billion in market cap above its IPO-night valuation of $1.77 trillion.
The debut came after SpaceX priced 555.6 million Class A shares at a fixed $135 each, raising $75 billion while demand for the offering topped $250 billion - nearly four times the available float, according to Bloomberg.
Goldman Sachs served as lead bookrunner, alongside Morgan Stanley, Bank of America, Citigroup and JPMorgan Chase, across a 21-bank syndicate.
The official SpaceX account on X celebrated the first trade with a post that read: "Liftoff! First $SPCX trade complete."
The opening price of $150 came in below the $174 level that pre-market activity had indicated earlier Friday morning - a signal that institutional price discovery tempered some of the early speculative enthusiasm.
MSCI confirmed on June 9 that SPCX qualifies for early large-cap index inclusion starting June 13, meaning passive index funds will be forced buyers at Friday's close, potentially providing a structural tailwind into the second trading day.
Space-related names felt the pressure of SpaceX's debut. Redwire Corp.
SPCX Stock Price Activity: SpaceX shares were up 20.41% at $162.56 at the time of publication Friday, according to Benzinga Pro.
