Bret Johnsen (C), SpaceX Chief Financial Officer, and Gwynne Shotwell (center R), SpaceX President and Chief Operating Officer, celebrate as they ring the opening bell at the Nasdaq MarketSite to celebrate the launch of SpaceX’s initial public offering (IPO) in New York on Friday. Timothy A. Clary/AFP/Getty Images
16 min agoSpaceX’s IPO reportedly attracted $350 billion worth in demandBy Kate TrafecanteA view of an advertisement of Starlink on the day of SpaceX’s IPO at the Nasdaq MarketSite, in New York City, on Friday.A view of an advertisement of Starlink on the day of SpaceX’s IPO at the Nasdaq MarketSite, in New York City, on Friday.
Jeenah Moon/ReutersInvestors placed orders for more than $350 billion worth of stock as part of SpaceX’s blockbuster IPO, according to reports.
Bloomberg reports that SpaceX’s initial public offering attracted hundreds of billions in demand from from both institutional and retail investors, according to people familiar with the matter.
The company sold 556 million shares at $135 per share, the biggest IPO in history.25 min agoMorningstar makes the case against buying SpaceX right nowElisabeth BuchwaldBy Elisabeth BuchwaldOne major investment-rating firm is warning investors to stay away from Friday’s SpaceX market debut.Analysts at Morningstar valued SpaceX shares at less than half of the $1.77 trillion valuation implied by the initial public offering price of $135 a share.“
We think the company has been significantly overvalued and investors will have opportunities to buy the stock at more attractive levels after the IPO,” analysts said in a note last week.
They also took aim at SpaceX’s disclosure in its IPO filing with the Securities and Exchange Commission, essentially claiming its total potential revenue is $1.6 trillion. Morningstar analysts think it’s closer to $129 billion due to technological constraints they believe the company didn’t properly take into account.20 min agoSpaceX shares could open around $175, per reportsBy John TowfighiWhen trading begins, SpaceX shares could open higher than their target price, according to indications of interest.SpaceX could open around $175, a jump of about 30% from its IPO target price of $135, according to reports from CNBC and Bloomberg.
Indications of interest from traders are shared ahead of the start of trading to help discover the starting price.43 min agoThis is why Starlink dominates the marketJackie WattlesBy Jackie WattlesA SpaceX Falcon 9 rocket rises after launching from Vandenberg Space Force Base carrying 25 Starlink internet satellites on April 6, 2026 as seen from Pasadena, California.A SpaceX Falcon 9 rocket rises after launching from Vandenberg Space Force Base carrying 25 Starlink internet satellites on April 6, 2026 as seen from Pasadena, California. Mario Tama/Getty ImagesSpaceX’s space-based internet service, Starlink, is the big money maker for the company.
Its 12 million active users around the world helped bring in more than 61% of SpaceX’s 2025 revenue.
Even when Musk swore he would never take SpaceX public, he considered spinning Starlink off on its own IPO.Starlink works by beaming internet connectivity down from a hive of satellites operating in low-Earth orbit.
Before SpaceX, the space industry was wary of using such low-lying tech. Telecom satellites of old lie in geosynchronous orbit some 22,000 miles above ground, which leads to frustratingly long lag times. Any closer, and those big dishes outside people’s homes wouldn’t be able to keep a stable connection with them.
But SpaceX solved those drawbacks, creating a constellation of thousands of interconnected satellites in low-Earth orbit, whipping by just a few hundred miles above ground and offering low latencies.The company also stunned naysayers by developing receivers, called phased array antennas, that can track satellites across the sky and keep connections stable, all at $500 or less. And it’s all truly wireless.
No need for subterranean cables.Leveraging SpaceX’s in-house rockets, the company has launched more than 10,000 satellites — more than any other institution, company or country in the world.
Competitors like Amazon Leo are by comparison just ramping up.41 min agoSpaceX has first dual opening bell ceremony in Nasdaq historyBy John TowfighiBret Johnsen (C), SpaceX Chief Financial Officer, and Gwynne Shotwell (center R), SpaceX President and Chief Operating Officer, celebrate as they ring the opening bell at the Nasdaq MarketSite to celebrate the launch of SpaceX’s initial public offering (IPO) in New York on Friday.Bret Johnsen (C), SpaceX Chief Financial Officer, and Gwynne Shotwell (center R), SpaceX President and Chief Operating Officer, celebrate as they ring the opening bell at the Nasdaq MarketSite to celebrate the launch of SpaceX’s initial public offering (IPO) in New York on Friday.
Timothy A. Clary/AFP/Getty ImagesSpaceX shares are set to list on the Nasdaq exchange in New York as well as the new Nasdaq Texas exchange.
The company held a dual opening bell ceremony for the IPO Friday, which was a first in Nasdaq history, a company spokesperson confirmed.
SpaceX execs rang in the bell from the Nasdaq’s MarketSite in New York. Meanwhile, CEO Elon Musk rang the bell from SpaceX’s headquarters in Texas.
People walk near the Nasdaq MarketSite on the day of SpaceX’s initial public offering Friday in New York City, where Elon Musk can be seen speaking via video before the ringing of the opening bell. Jeenah Moon/Reuters
