Gotrade News – SpaceX completed the largest IPO in history and now trades publicly on Nasdaq under the ticker SPCX. The stock priced at $135, debuted on June 12, and has surged sharply in early trading.

Retail investors can now buy a slice of the company directly through brokers for the first time. The rally has also revived speculation about a possible Tesla-SpaceX merger.

• SpaceX raised $85.7 billion total, the biggest IPO ever, after the greenshoe overallotment.
• SpaceX (SPCX) is up more than 40% since its June 12 debut.
• A Tesla-SpaceX merger remains speculation, not an announced or confirmed deal.

According to CNBC, SpaceX raised an initial $75 billion in its public offering. That total climbed to $85.7 billion after underwriters exercised the greenshoe overallotment option.

Shares of SpaceX (SPCX) priced at $135 and began trading on the Nasdaq exchange. The stock rose about 19% on its June 12 debut and closed near $161 per share.

That first-day move pushed the company’s valuation past the $2 trillion mark. Goldman Sachs and Morgan Stanley were among the underwriters leading the marquee offering.

The rally has continued well beyond the opening session for the newly listed shares. As reported by Yahoo Finance, SPCX is up more than 40% since its debut.

That gain spans only the first two trading days as a public company. SpaceX is now roughly $700 billion larger than Tesla by total market value.

The company is also more than twice the size of Berkshire Hathaway (BRK.B) by capitalization. That scale reorders the listed space sector almost overnight for public investors.

The greenshoe option let underwriters sell additional shares to meet the heavy demand. Its exercise signals that institutional appetite outstripped the initial allotment at pricing.

The post-debut momentum has carried the headline valuation higher across both sessions. Investors weighing SPCX should note that early IPO volatility can cut in either direction.

The Tesla Merger Question

A potential tie-up between the two companies is speculation, not a confirmed deal. Per the Motley Fool, Wedbush analyst Dan Ives puts the odds near 80%.

Tesla (TSLA) owns about 19 million SpaceX Class A shares, less than 1% of the company. That stake was worth roughly $2.56 billion at the IPO price.

Tesla acquired the shares when its xAI stake converted after SpaceX absorbed xAI. SpaceX President Gwynne Shotwell declined to rule out a future merger when asked.

Not every analyst shares that bullish merger view at this stage. Oppenheimer analysts pushed back on the speculation, signaling the debate is far from settled.

For investors, the confirmed story is a record listing and a strong post-IPO move. The merger remains a scenario to watch, not a basis for current positioning.

Sources

• SpaceX IPO raises total of $85.7 billion as underwriters exercise greenshoe overallotment option (CNBC)
• SpaceX stock jumps for second day, now up over 40% since debut (Yahoo Finance)
• 1 Analyst Puts the Odds of a Tesla and SpaceX Merger at 80% (Motley Fool)