Space Exploration Technologies (SpaceX) launched its Nasdaq debut under the ticker SPCX on Friday, closing the session roughly 19% higher near $161 after an opening price of $150 per share.
Opening Day Performance
The stock surged to a high of $176.52 during its first trading hours, generating approximately $75 billion in proceeds and pushing the company's market valuation to about $2.1 trillion. First‑day trading volume topped 500 million shares, a figure comparable to the 580 million shares that changed hands when Facebook went public in 2012. Investors, including those active in the crypto and blockchain sectors, noted the strong price momentum as a sign of robust demand.
Morning Trade and Index Context
In Monday’s pre‑market session, SPCX added another 5.6% to its price, reaching $169.92, while S&P 500 futures rose 1.3% after news of an interim peace agreement between the United States and Iran. Had SPCX qualified for S&P 500 inclusion, its pre‑market gain would have placed it fourth among index constituents, trailing only Micron Technology, Seagate Technology, and Western Digital. The early rally mirrors patterns seen in other high‑growth stocks that attract investors seeking exposure to both traditional markets and emerging blockchain‑related assets.