SpaceX Shares Soared After Their First Day of Trading, Post-IPO. Will the Stock Keep Rising?
SpaceX stock can keep climbing, but investors should watch whether Starlink profits and AI execution can support its rich valuation.
SpaceX Shares Soared After Their First Day of Trading, Post-IPO. Will the Stock Keep Rising?
Overview
Space Exploration Technologies (NASDAQ: SPCX) has become one of the biggest post-IPO stories of 2026. The company priced its initial public offering at $135 per share, opened for trading at $150, and closed its first trading day at $160.95. Investors who received shares at the IPO price were sitting on a gain of roughly 19% by the end of day one. The stock closed at nearly $201.80 on June 16, nearly 50% above its IPO price, pushing SpaceX's market value to about $2.6 trillion.
The real question now is whether SpaceX stock can keep climbing after its sharp post-IPO rally, and whether the move is driven more by stronger business fundamentals or by investor excitement. Shares slipped slightly on Thursday, but the stock is still showing solid gains from its IPO price.
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Originally published at www.fool.com.
