Business
Day One For SpaceX Is In the Books. It Was Remarkably Unremarkable.
SpaceX stock closed at $160.95, according to Nasdaq, up 19% from its IPO price of $135 and up 7% from the $150 opening price. Shares never broke below $150 and traded as high as $176.52. Some 509 million shares traded hands, an enormous amount, given that SpaceX sold about 556 million shares in its IPO.
SpaceX’s IPO saw shares soar 19% Friday, with the rocket-maker ending its first day as the sixth-most valuable public company in the U.S. An army of individual investors bought into Elon Musk’s vision of putting data centers in space to support the rise of AI.
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Shares in SpaceX SPCX 19.22%increase; up pointing triangle soared 19% Friday as Elon Musk’s rocket maker pulled off the largest initial public offering ever and one of the smoothest in recent history.
The company, valued at $1.77 trillion when it sold $75 billion worth of shares a day earlier, ended its first day of trading with a market value of $2.1 trillion, putting it ahead of Broadcom and Tesla to make it the sixth-most valuable public company in the U.S.
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The latest Market Talks covering Basic Materials. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.
1431 ET – Gold finishes up 3.1%, while silver gains 6.2% as a preliminary deal to end the three-and-a-half-month conflict between the U.S. and Iran appears within reach. “Gold prices are largely moving in line with statements from President Trump and continue to remain affected by broader macro factors,” says ADM Investor Services in a note. While gold and silver close the day higher, they finish the week with losses. Gold off 2.8% to $4,215 a troy ounce, and silver down 1.6% to $67.859 a troy ounce for the week. (kirk.maltais@wsj.com)
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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