SpaceX, trading on Nasdaq under ticker SPCX, gained 8.06% by 11:45 a.m. Eastern time Monday, rising $12.96 to $173.91 from Friday's close of $160.95. Volume topped 106.6 million shares as the stock tested an intraday market capitalization near $2.275 to $2.284 trillion. The surge followed the company's record-breaking $75 billion IPO, which priced 555.6 million shares at $135 each and became the largest public offering in history.
SPCX Trading Details and Volume
SPCX opened at $171.81 and traded between $168.36 and $175.90 on Monday. At the quoted level of $173.91 as of about 11:37 a.m. EDT, the stock stood roughly 28.8% above its IPO price of $135 per share. SpaceX closed Friday at $160.95 after its debut.
Market Capitalization Reaches $2.28 Trillion
The IPO valued SpaceX at around $1.77 trillion to $1.8 trillion at pricing. By Monday morning, the company's intraday market capitalization stood near $2.275 to $2.284 trillion. Elon Musk owns about 46.4% of SpaceX, and the IPO pushed his net worth past $1 trillion for the first time, according to Forbes. Current estimates place his wealth between $1.2 trillion and $1.3 trillion.
SpaceX Bitcoin Holdings and Crypto Market Impact
SpaceX holds $1.25 billion in bitcoin, or approximately 18,712.35503938 BTC, on its balance sheet. Bitcoin climbed past the $67,000 range by 11:45 a.m. Eastern time as well. The SPCX move reflects risk appetite that can drive bitcoin, ethereum, and high-beta digital assets, particularly when liquidity chases narrative-heavy assets. Positive market sentiment after easing U.S.-Iran headlines likely helped tech and growth names.
Financial Performance and Valuation Metrics
SpaceX reported trailing 12-month revenue of about $19.3 billion, with Starlink serving as the key growth engine. Launch services, NASA, defense contracts, and Starship development round out the company's core operations. The company remains unprofitable, with a trailing net loss of $9.36 billion, a negative 45% profit margin, and a price-to-sales ratio near 109 times.
Stated Risks and Catalysts
Near-term catalysts include the company's first public earnings report, Starlink subscriber and margin data, Starship milestones, new government or enterprise wins, and continued trading momentum. Stated risks include Starship delays, capital intensity, regulatory fights, spectrum issues, lockup expirations, future dilution, and Musk's divided attention.
FAQ
What did SpaceX stock do on Monday by 11:45 a.m. Eastern time?
SpaceX stock (ticker SPCX) gained 8.06% by 11:45 a.m. Eastern time Monday, rising $12.96 to $173.91 from Friday's close of $160.95, with volume topping 106.6 million shares.
How much bitcoin does SpaceX hold on its balance sheet?
SpaceX holds $1.25 billion in bitcoin, or approximately 18,712.35503938 BTC, on its balance sheet.
What is SpaceX's market capitalization after Monday's trading?
By Monday morning, SpaceX's intraday market capitalization stood near $2.275 to $2.284 trillion, up from around $1.77 trillion to $1.8 trillion at IPO pricing.
