SpaceX’s average pre-market quote is $174, with its market capitalization surging toward $1.765 trillion.

SpaceX officially listed on the Nasdaq today (the 12th). Both the pre-market buy and sell prices were $174, up about 29% from the $135 IPO offering price, corresponding to a market capitalization of about $1.765 trillion.
(Background: Big news! Elon Musk’s SpaceX has submitted its IPO listing application, raising $80 billion, with $SPCX fixed for 6/12 to land on Nasdaq)
(Additional context: SpaceX’s epic IPO could trigger a “bloodletting effect” in technology stocks! In the short term, Bitcoin may face related selling pressure and could test as low as $56,000.)

Nasdaq welcomed SpaceX (code: SPCX) for its official listing today (the 12th). Before the open, both the buy quotes and sell inquiries were $174, up about 29% from the IPO offering price of $135.

Opening Data Overview

  • Pre-market buy and sell price: $174
  • IPO offering price: $135
  • Pre-market opening increase: about +29%
  • Corresponding market cap: about $1.765 trillion

This means the market gave SpaceX a premium of nearly 30% on its IPO’s first day. Based on a market cap of $1.765 trillion, SpaceX has already moved into the top 10 companies worldwide by market value.

The momentum behind the IPO’s first-day premium

The fundraising size of this IPO for SpaceX is $80 billion, making it one of the largest initial public offerings in history. The 29% premium before the open reflects retail and institutional investors’ optimistic expectations for the growth momentum of the space industry. SpaceX is not only part of the aerospace sector; it also covers diversified revenue sources such as satellite communications (Starlink) and AI computing infrastructure (Google rents 110,000 NVIDIA GPUs for $920 million per month).

It is also worth noting that SpaceX’s available float in this offering is limited (shares allocated to friends and family and employees—5% without any lock-up period—already account for only a minority). Such an extremely low float could amplify first-day volatility. Investors should watch for changes in trade density and liquidity after the market opens.

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