SpaceX had an impressive debut on the Nasdaq exchange when shares continuously increased sharply in the first two trading sessions, thereby helping the assets of co-founder Elon Musk increase significantly.
In the trading session on June 15 (US time), SpaceX shares increased by 19.7%, to 192.8 USD/share. This increase followed the 19% increase of the previous trading session, when the stock began to be listed with a starting price of 135 USD.
At the end of the June 15 session, SpaceX sold nearly 639 million shares, of which more than 83 million shares were additionally issued. The enterprise raised a total of 85.7 billion USD, exceeding the initial target of 75 billion USD.
The positive developments of the stock have pushed SpaceX's market capitalization to surpass 2,500 billion USD. This achievement puts the company in the top 6 largest value enterprises in the world, surpassing many large corporations such as Broadcom, Saudi Aramco and Tesla, and closely following Amazon.
According to published information, SpaceX's debut on Wall Street has overshadowed the largest initial public offering (IPO) deals ever recorded. This development also helped Elon Musk become the first person in the world to own assets worth trillions of USD.
Founded in 2002, SpaceX, from a startup in the rocket field, has developed into a major global satellite operator. The company has also merged with xAI, an artificial intelligence company that owns social network X, formerly Twitter.
Analysts believe that the strong growth of SpaceX shares reflects investors' belief in Elon Musk's ability to realize ambitious goals, including plans to send humans to settle on Mars and build outer space data centers using unproven technologies.
