SpaceX shares climbed about 12% in their second Nasdaq session Monday, extending a post-IPO rally that lifted the company’s market value near $2.35 trillion.
Key Points:
- SpaceX stock rose to $179.97 in early afternoon trading, adding $19.02 on the session.
- The move followed a 19% first-day surge after the company priced its IPO at $135 a share.
- The rally has pushed SpaceX far above some analyst targets, even as the company remains unprofitable.
SpaceX Stock
SpaceX Class A shares, listed on the Nasdaq under the ticker SPCX, opened at $171.81 and traded as high as $179.50.
The stock stood at $179.97 by early afternoon, up from a prior close of $160.95, while trading volume topped 144 million shares as demand stayed heavy after the listing.
The move built on SpaceX’s first trading day, when shares rose 19% from the $135 offer price and closed well above the IPO level.
The company raised about $75 billion by selling more than 555 million shares, making the offering the largest IPO on record.
That debut valued SpaceX above $2 trillion and strengthened Elon Musk’s position among the world’s wealthiest people, while placing the company ahead of Meta, Samsung and Tesla by market value.
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SpaceX Valuation
The rally also sharpened questions around valuation, since SpaceX remains unprofitable despite its scale and investor demand.
The company booked $18.7 billion in revenue last year and lost $8.7 billion between the start of 2025 and Mar. 31, 2026.
The average one-year analyst price target cited in the report sits at $164, below Monday’s trading level, which suggests the stock could face pressure if early momentum slows.
Still, Kevin O’Leary has argued that the valuation reflects future growth rather than current earnings, a view that has helped frame SpaceX as a long-term infrastructure and space-economy bet. Saudi Arabia’s Kingdom Holding Co., controlled by Prince Alwaleed bin Talal, said its SpaceX stake rose to about $6.83 billion after the Nasdaq debut.
The firm holds 42.4 million Class A shares, or a 0.34% stake, after carrying the position at $4.47 billion as of Mar. 31.
Those shares cannot be sold immediately because they are subject to a lock-up of up to 180 days, although early-release terms depend on SpaceX earnings and share-price thresholds. SpaceX’s latest move follows a first session in which the stock opened at $150, reached $176.52 and finished more than 19% above the IPO price.
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