SpaceX surges 20% on Nasdaq debut, SPCX opens at $162!

SpaceX shares opened at $162 on Friday, a 20% premium over the $135 IPO price, marking the strongest debut of the largest public offering in history. The company raised $75 billion by selling 555.6 million shares, valuing SpaceX at roughly $1.8 trillion at the offering price — a figure that now trades live under the ticker SPCX on Nasdaq.

Why it matters

The listing gives public investors their first direct stake in a company that has fundamentally restructured commercial launch economics through reusable rockets and built one of the world's largest satellite networks via Starlink. With approximately $19 billion in revenue last year from launch services, government contracts, and Starlink operations, SpaceX is not a speculative growth story — it is a cash-generating infrastructure business now accessible to retail and institutional portfolios alike.

For crypto markets, the IPO carries a specific angle: SpaceX disclosed holdings of 18,712 BTC as of March 31, worth just under $1.2 billion at recent prices near $63,500. That makes SPCX one of the larger publicly traded BTC proxies, and any material move in Bitcoin's price will now be reflected — however modestly — in SpaceX's balance sheet and, by extension, its stock.

Market impact

Bitcoin was roughly flat on the day of the debut, while AI-related crypto stocks moved into the green. The IPO's success reinforces appetite for large-cap technology and infrastructure listings and may draw fresh institutional attention to companies with dual exposure to space infrastructure and digital assets.