SpaceX made history with its initial public offering (IPO) on the Nasdaq under the ticker SPCX last Friday, marking the largest IPO ever at a valuation of approximately $1.77 trillion. Priced at $135 per share, the stock opened at $150, peaked at $176.52, and closed its first day at $160.95, a 19.2% increase from the IPO price. Trading volume exceeded 500 million shares, equating to nearly $33 billion.
Starlink, SpaceX’s satellite-internet service, had reached 10.3 million subscribers in Q1 2026, up from 8.9 million in 2025 and 2.3 million in 2023. Early estimates project Starlink’s 2026 revenue between $15.5 billion and $20 billion, generating a $1.2 billion quarterly profit run-rate and accounting for over 60% of the company’s total revenue.
SpaceX is gearing up to release its first quarterly results as a public company in August or September. However, the company faces risks including rising operating losses and a high valuation, trading at over 100 times trailing sales. A lock-up expiration is also on the horizon, which could introduce volatility in stock price.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
