Space Exploration Technologies Corporation began trading on Nasdaq under the ticker SPCX, closing its first day at $160.95 — a 19% gain from its $135 IPO price. The offering, the largest in market history, valued SpaceX at $2.1 trillion at close. Ten leveraged ETFs tracking the stock launched the same week, and European retail investors received just $600 million worth of shares — under 1% of the total deal.
At $2.1 trillion, SpaceX enters the public market as one of the largest companies on earth, instantly relevant to any broad index fund that must eventually include it. The thin European allocation and Robinhood CIO commentary signal retail demand will far outstrip early supply, which typically sustains price momentum in the near term. Investors in aerospace ETFs and leveraged SPCX products face both outsized opportunity and significant volatility risk from day one.
Next 30 days: Watch for SpaceX's first post-IPO earnings or revenue disclosure. Ongoing: Monitor whether major index providers (S&P, Russell) announce inclusion timelines for SPCX, which would force index funds to buy shares automatically.
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