Overview
- SpaceX priced its IPO at $135 a share and raised about $75 billion in the offering that began trading on Nasdaq on June 12, pushing its market value above $2 trillion on debut.
- Trading momentum continued into the next session with premarket gains reported on June 15 as retail investors recorded massive net buying and trading volume topped 500 million shares.
- Major investors moved quickly after the listing with ARK Invest adding SPCX to several actively managed ETFs and Hancock Prospecting buying roughly a $1 billion stake.
- The company's S-1 shows 2025 revenue near $18.7 billion with Starlink the only consistently profitable business, while xAI and Starship capex drove large GAAP losses, heavy capital spending, and a disclosed bitcoin holding of about 18,712 BTC.
- Only a small slice of shares was made immediately tradable and a tiered lockup schedule plus fast index‑inclusion rules mean passive funds could be compelled to buy limited stock soon, a setup analysts say raises the risk of sharp swings and potential dilution from future financing.