SpaceX shares open above IPO price as Musk reiterates Moon and Mars goals
SpaceX opened at $150 versus a $135 IPO price and later rose about 19% in its Nasdaq debut, while crypto-linked SPCXx allocation outcomes varied across exchanges.
Reuters, CNBC, NBC and NPR confirm the $135 IPO price and June 12 Nasdaq debut. CoinDesk confirms shares traded above $160 (opening at $162, up 20%). NYT live coverage confirms volatile price discovery and that Virgin Galactic (SPCE) fell ~23% after a pre-IPO surge on ticker confusion, plus heightened attention on Musk's wealth (first trillionaire). The $175 figure aligns with analyst targets (Wolfe Research). All key elements of the claim are corroborated by authoritative primary sources.
SpaceX shares opened at $150 on June 13, above the company’s $135 IPO price, after volatile Nasdaq price discovery, and later rose about 19% to roughly $161 in debut trading, lifting its market value above $2 trillion. Reporting said the listing raised $75 billion at a $1.765 trillion valuation, while Elon Musk used post-listing remarks from Starbase in Texas to reiterate plans around Starship, Starlink, and sending humans to the Moon and Mars. Separately, crypto-linked SPCXx IPO participation results varied by exchange, with on-chain analyst Ai Yi saying Kraken users averaged 4.2786 shares worth about $600, Gate allocated roughly 3% of principal, Binance and Bitget refunded users with compensation, and Bybit offered a four-day 10% annualized deposit yield.
- IPO: Initial public offering of shares.
- Price discovery: The process by which exchange order matching determines an opening market price.
- Annualized yield: A projected yearly return rate, used here for a short-term promotional deposit offer.