SpaceX IPO update: Latest SPCX stock price, trading start time for closely watched Nasdaq debut

SpaceX set its initial public offering (IPO) price at $135 per share, with trading scheduled to commence on the Nasdaq exchange under the ticker "SPCX" on Friday, June 12. The company plans to sell 555.5 million shares of its Class A common stock, with an additional option for underwriters to purchase up to 83.3 million shares within 30 days of the offering's closing on June 15. This offering is poised to be the largest IPO in history, with SpaceX's total valuation reported at $1.77 trillion, surpassing Saudi Aramco's market capitalization of approximately $1.74 trillion. Analysts like Matt Kennedy, senior strategist at Renaissance Capital, have described the deal as "very pricey" and cautioned that a weak market debut could negatively impact the broader market, potentially signaling a market peak. The significant valuation and the sheer scale of the offering have generated considerable anticipation across financial markets.