SpaceX shares jump 9.2% after Nasdaq debut, valuation tops $2.1T
SpaceX just had a huge moment: its shares shot up 9.2% on Monday, reaching $176 apiece, days after its much-hyped Nasdaq debut.
The stock was issued at $135 and quickly climbed, ending its first day with a 19% gain.
With this rally, SpaceX is now valued at over $2.1 trillion, making it the sixth-biggest public company in the US and officially bigger than Tesla.
SpaceX greenshoe boosts offering to $85.7B
The IPO included a greenshoe option that boosted the total offering to $85.7 billion and kept things steady for investors.
While SpaceX is still known for rockets and Starlink internet, its deals providing computing infrastructure to Anthropic and Alphabet's Google for as much as $2.17 billion a month are set to become its biggest source of revenue.
The buzz around this IPO shows how excited people are about tech innovation right now, with companies like OpenAI and Anthropic possibly heading for their own blockbuster listings soon.