SpaceX Opens 11% Above IPO Price in Nasdaq Debut
Bloomberg Technology’s Caroline Hyde, Ed Ludlow and Yahaira Anand reported that SpaceX opened for trading on Nasdaq at $150 a share, 11% above its $135 IPO price, giving IPO buyers an immediate paper gain. Ludlow said the opening price put the company’s market value near $2 trillion, while the reporters cautioned that the first print was only an initial verdict and that the key question was whether the early gains would hold through the session.
SpaceX’s first public trade priced in an immediate premium
Caroline Hyde reported the opening trade as it came through: SpaceX began trading on Nasdaq at $150 a share, 11% above its $135 IPO price. The stock’s ticker was shown as SPCX on Nasdaq graphics, and the first market display moved quickly from the offering price to a live quote above $150.
The initial move gave IPO buyers an immediate paper gain. Hyde described the reaction on the Nasdaq floor as the opening trade crossed, saying the “Nasdaq crowd goes wild” as shares opened higher. The visible market graphics showed the same shift in real time: one Nasdaq screen listed SpaceX unchanged at $135 before the open; another showed the stock at $150.91, up 11.79%, with a net change of $15.91.
Ed Ludlow said the opening move was roughly 11% above the IPO price and cautioned that the price would “jump around” over the next few hours of trading. His point was narrow but important: the first print was not the last word on where the stock would trade during its debut session.
The opening quote put the valuation near $2 trillion
At the opening price, Ludlow said SpaceX had a market value of about $1.96 trillion and was “just a touch above $2 trillion” on a fully diluted basis. A Nasdaq graphic shown moments later placed SpaceX’s market capitalization at $2.02 trillion while the stock traded at $152.50, up 12.96%, with a net change of $17.50.
| Measure | Value shown or stated |
|---|---|
| IPO price | $135.00 |
| Opening trade | $150.00 |
| Latest visible quote | $152.50, up 12.96% |
| Displayed market cap | $2.02T |
| Fully diluted value | Just above $2T, stated by Ludlow |
Yahaira Anand said the $150 opening price valued SpaceX at “approximately less than two trillion dollars,” while also saying it instantly put the company among the most valuable companies in the world. The figures presented were all tied to the first minutes of trading: Ludlow cited about $1.96 trillion in market value and just above $2 trillion fully diluted, while Nasdaq’s screen later showed a $2.02 trillion market cap at $152.50.
The first trade immediately placed SpaceX in a valuation range around $2 trillion.
The first print shifted attention to whether the gains would hold
Anand emphasized the anticipation before the open. She described “a morning of shifting indications and intense anticipation,” with SpaceX’s president and CFO present at Nasdaq. The opening price, in her words, was “the market” delivering “its first verdict on SpaceX.”
The market has finally delivered its first verdict on SpaceX.
That verdict was a first signal, not a settled close. Ludlow said it would be “a long few hours of trading,” and Anand said the next focus would be whether those gains could hold as trading got underway.