SpaceX Makes Highly Anticipated Stock Market Debut with 11% Opening Pop
SpaceX Goes Public
SpaceX, the aerospace company founded and led by Elon Musk, made its long-awaited debut on the stock market on Friday. The company priced its IPO at $135 per share but opened trading at $150, marking an 11% pop from the initial pricing.
The debut was widely anticipated, with many market observers calling it one of the most watched IPOs in recent history. SpaceX has grown from a startup with ambitions of making space travel more affordable to a major player in the aerospace industry, serving both NASA and commercial customers.
The successful opening reflects strong investor demand for shares in the company, which has established itself as a dominant force in satellite launches through its Starlink constellation and holds a leading position in the commercial space launch market.