Overview
- The company’s IPO, priced on June 12, raised roughly $86 billion and put SpaceX’s market value between about $1.75 trillion and $2 trillion while floating only a small share of total equity.
- Trading has been volatile since the debut with the stock sliding below its IPO opening and trading in the roughly $149–$160 range after an early rally and sharp one-day reversals.
- When the IPO quiet period ended this week, more than a dozen banks issued mostly bullish initiations that produced a median 12‑month price target near $250 and a wide spread of forecasts from about $131 to $800.
- Credit markets are more guarded as SpaceX’s bonds trade at spreads consistent with BB/high‑yield, reflecting roughly $29 billion of long‑term debt and signaling concern about large future capital needs.
- Rivals are reacting to the new public-market landscape with Blue Origin launching a roughly $10 billion outside funding round at a reported $130 billion pre‑money valuation, a move tied to both SpaceX’s recent capital haul and Blue Origin’s own test setbacks.