SpaceX Completes Largest IPO in History

SpaceX went public on the Nasdaq under ticker SPCX at an IPO price of $135 per share, opening at $150 and trading as high as $175, making it the largest IPO in history and valuing the company above $138 per share. The debut immediately triggered a sharp sell-off in space-sector peers as capital rotated into the newly public benchmark.

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SpaceX's public debut is a structural event for the space economy, establishing a liquid benchmark against which all other launch, satellite, and space infrastructure companies will be priced. Capital rotation out of smaller space-sector proxies into SPCX is already visible in the sell-off of Virgin Galactic, space ETFs, and satellite peers. The IPO creates a new anchor for venture capital valuations in the space sector and will attract institutional capital that previously could not access SpaceX exposure. Rivals such as Rocket Lab, AST SpaceMobile, and Virgin Galactic face durable multiple compression as investors can now access the market leader directly. The IPO also accelerates competition in launch services and satellite broadband as SpaceX gains a public currency for acquisitions and expanded capital raises.