SpaceX Stock Gains 12% in Second Trading Day as Post-IPO Rally Continues

SpaceX shares pushed higher again on Monday, extending the rally that followed one of the largest stock market debuts in history. The stock, listed on the Nasdaq under the ticker SPCX, climbed roughly 12% to $179.97 by early afternoon, up $19.02 on the session and lifting the company’s intraday market value to about $2.35 trillion.

Strong Volume Lifts SpaceX Shares in Second Session

The Class A shares opened at $171.81 and traded as high as $179.50, building on a previous close of $160.95, according to data from Yahoo! Finance. Volume topped 144 million shares, underscoring the heavy investor demand that has defined the listing since day one.

The heightened demand comes as SpaceX rose 19% on its first day of trading, becoming one of the world’s biggest listed companies with a valuation above $2 trillion. The offering raised roughly $75 billion through the sale of more than 555 million shares at $135 each, making it the biggest IPO ever recorded. The shares opened at $150, peaked at $176.52, and finished up more than 19% from the offer price.

The debut cemented Elon Musk’s status as the world’s first trillionaire and placed SpaceX among the most valuable public companies in the US. The listing lifted its market value to $2.2 trillion, ranking it ahead of Meta, Samsung and Musk-owned Tesla, though still behind Nvidia.

However, it is worth noting that SpaceX remains unprofitable. It booked $18.7 billion in revenue last year and lost $8.7 billion between the start of 2025 and March 31, 2026. The average one-year analyst target of $164 also sits below current levels, hinting at downside if momentum fades.

Still, investors like Kevin O’Leary have defended the company’s lofty valuation, arguing the premium reflects where the company is headed rather than what it earns now.

Saudi Fund’s Investment in SpaceX Pay Off

As reported, Saudi Arabia’s Kingdom Holding Co., the Riyadh-based investment firm controlled by Prince Alwaleed bin Talal, said the value of its SpaceX stake has climbed to about $6.83 billion (SR25.6 billion) following the company’s Nasdaq debut, marking an unrealized gain of roughly $2.36 billion. The firm holds 42.4 million SpaceX Class A shares, a 0.34% stake that had been carried at $4.47 billion as of March 31.

The shares cannot be sold immediately, as they are subject to a lock-up of up to 180 days from listing, with early-release provisions tied to SpaceX’s earnings and share-price thresholds.