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Pre-market indications suggested the shares could begin trading near $171, representing a premium of about 27% over the IPO price of $135. However, the stock is not expected to start trading immediately after the opening bell, as the exchange works through buy and sell orders while underwriters seek to establish a balanced market before trading commences.<\/p>\n
The $75 billion offering has already set a new benchmark, raising more than twice the amount generated by Saudi Aramco’s record-breaking 2019 IPO. At its proposed valuation, SpaceX would become the first US company to debut on the stock market with a valuation exceeding $1 trillion and would rank among the country’s largest listed firms by market capitalisation.<\/p>\n
The company’s valuation could move even higher if underwriters choose to exercise their option to sell additional shares, a decision that is typically made within a month of the offering. While immediate inclusion in the S&P 500 may not be possible, SpaceX is widely expected to gain rapid entry into the Nasdaq-100 Index, potentially making it a significant holding for index-tracking ETFs and passive investment funds and creating an additional source of demand for the stock.<\/p>\n<\/div>\n