**SpaceX Goes Public: Strong Initial Performance**
SpaceX, now publicly traded as Space Exploration Technologies (NASDAQ: SPCX), successfully launched its initial public offering (IPO) on October 1, 2026. Shares opened at $150, closed at approximately $161, marking a 19% increase from the IPO price of $135. The company is valued at roughly $2.1 trillion, making it one of the most valuable companies in the U.S., surpassing Meta Platforms and Tesla, founded by Elon Musk.
The majority of SpaceX’s revenue comes from its Starlink internet service, generating $11.4 billion in 2025, contributing to 61% of total revenue. Starlink also reported an operating income of $4.4 billion with a 39% margin. The company has seen substantial subscriber growth, with numbers expected to surpass 10 million by early 2026. However, the valuation presents risks, trading at over 100 times anticipated 2025 revenue, and concerns linger about profitability and market volatility. As early shareholders may sell portions of their holdings soon, potential investors are advised to assess their entry timing.
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