SpaceX surges 16% as IPO rally pushes valuation near Amazon
SpaceX shares surged more than 16% on Monday, extending the rally that followed the company’s record Nasdaq debut on Friday.
SPCX recently traded near $188, up about 39% from its $135 IPO price and roughly 25% above its $150 opening trade. The move pushed SpaceX’s implied market value to roughly $2.4 trillion, making it one of the six largest US listed companies and putting it closer to Amazon, which is valued at about $2.68 trillion.
The rally builds on a historic debut for Elon Musk’s rocket, satellite, and AI company. SpaceX sold 555.6 million shares at $135 each, initially raising $75 billion at a valuation of about $1.75 trillion. Reuters reported Monday that underwriters exercised the greenshoe option, lifting total IPO proceeds to $85.7 billion.
The stock’s second session also coincided with the launch of a wave of leveraged SpaceX ETFs, giving traders immediate tools to amplify long or short exposure to SPCX. Several issuers, including Defiance, Direxion, GraniteShares, ProShares, Leverage Shares, Tradr, REX Shares, and Tuttle, have moved to launch products tied to the stock.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
5% US Treasury pressure weighs on global assets, while Australian government bonds open up a window for allocation? Fixed income giant Pimco calls the rate hike expectations too aggressive
Pacific Investment Management Company (Pimco) holds a constructive view on Australian bonds, believing that market expectations for rate hikes are too high. Pimco stated that the rate hike cycle in Australia has been "fully priced in," and cracks are beginning to appear in the economy, making Australian bonds look attractive, especially in the 5- to 10-year segment of the yield curve.
Only a few stocks are rising! Goldman Sachs warns: US stock market breadth hits the worst level since the 2000 internet bubble, with rare divergence in bond volatility
Flood, a Goldman Sachs partner, believes that leading AI companies are propping up the market indexes, while median stocks have fallen 16% from their highs. More unusually, Garrett, the head of derivatives trading at Goldman Sachs, warns that the bond volatility MOVE index is at an extremely high percentile, yet the VIX remains subdued. Jonathan Krinsky, a strategist at BTIG, points out that while total hedge fund leverage is rising, net leverage is falling, indicating a contradiction of "increasing exposure without increasing direction," and warns: "Something has to give."
Hyperliquid’s big test: Can institutional demand absorb $100M in whale selling?
Gold falls below $4,200: Triple pressures rise, bears eye $4,000 or even $3,800
Crypto prices
More
