SpaceX Stock Closed Up 19% in Its First Day Of Trading. Should Investors Buy, or Wait for the Hype to Cool?
Written by Daniel Sparks for The Motley Fool -> SpaceX shares opened at $150 and closed at about $161 on their first day, up about 19% from the $135 IPO price. Starlink generates the majority of revenue and is the company's only consistently profitable segment. The stock's val
SpaceX shares opened at $150 and closed at about $161 on their first day, up about 19% from the $135 IPO price.
Starlink generates the majority of revenue and is the company's only consistently profitable segment.
The stock's valuation already prices in years of rapid growth, leaving little room for missteps.
The debut is done. After 24 years as a private company, SpaceX (NASDAQ: SPCX) is now a public stock, and a volatile one. Shares priced at $135, opened at $150, traded as high as about $177, and closed at about $161 as of this writing -- a gain of about 19% on the day, with the stock continuing to climb in after-hours trading.
That move values the rocket and satellite company at roughly $2.1 trillion, up from the $1.77 trillion the IPO price implied. It makes SpaceX one of the most valuable companies in the U.S. on day one, ahead of names like Meta Platforms and founder Elon Musk's own Tesla .
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So the interesting question is no longer whether the IPO would succeed. It clearly did. The question for anyone watching the ticker now is whether buying after a 19% pop is a disciplined move or a foolish chase.
Start with Starlink, the satellite internet business that does most of the heavy lifting. SpaceX's initial public offering (IPO) disclosures show the connectivity segment, primarily driven by Starlink, generated about $11.4 billion in revenue in 2025, about 61% of the company's total, and it is the only segment producing consistent profits -- roughly $4.4 billion in operating income, or an operating margin of about 39%.
