SpaceX (SPCX) Jumps 20% to $162 in Record $75B Nasdaq IPO

SpaceX opened at $162 per share on its Nasdaq debut on Friday, a 20% pop over the $135 IPO price set Thursday night. The 555.6 million-share sale raised $75 billion at a roughly $1.8 trillion valuation, making it the largest IPO in market history.

The listing, under the ticker SPCX, gives public investors their first direct exposure to a company that built the world's most active commercial launch business, a Starlink satellite-internet network spanning thousands of orbits, and a roughly $19 billion revenue line last year from launches, government contracts, and broadband subscribers.

Why it matters

The debut is the headline of a record year for listings, and the 20% first-day move signals real demand absorbing the $75B float. The $1.8T valuation puts SpaceX in the same tier as the largest US tech companies, while also dragging the broader AI-and-infrastructure tape higher — AI-linked names and crypto-correlated equities were both in the green on Friday.

For crypto markets, the more interesting read sits on SpaceX's balance sheet: 18,712 BTC held as of March 31, worth just under $1.2 billion at recent prices near $63,500. That makes SpaceX one of the larger corporate bitcoin holders to come public, and the first major industrial name to list with a material BTC position disclosed at IPO.

Market impact

The corporate-treasury angle is the one crypto investors will track: any future accumulation, sale, or treasury-policy disclosure from SPCX filings now feeds directly into the public read on institutional BTC demand. With a roughly $1.2B position inside a $1.8T company, the stake is small enough to be symbolic — but the disclosure cadence from a marquee name sets a template other pre-IPO BTC holders may follow.

Bitcoin itself was roughly flat on the day, suggesting the IPO trade cleared without major BTC rotation. The wider signal: a record-breaking equity debut from a company that runs satellites, rockets, and a corporate BTC wallet, all priced in one tape.