SpaceX raised $25 billion in a debt sale last week. But analysts warn this could lead to concentration risk in multi-asset portfolios.
The shares should be getting a boost Monday as it's set to begin trading in a major stock index for the first time, after joining the Russell 1000 after the close Friday.
SpaceX stock (NASDAQ: SPCX) has had a wild first few weeks as a public company. The shares, priced at $135 in the company's record June 12 IPO, surged to an intraday high of $225.64 by June 16, and then slid to around $153 by June 27.
SpaceX (NASDAQ: SPCX) insiders have sold approximately $1.2 million worth of the stock over the past year, according to insider trading data.
SpaceX has already managed to launch more than 1,500 satellites in 2026. Future launches could accelerate aggressively with the Starship megarocket.
Cory Johnson believes the SpaceX (SPCX) IPO is "pretty unique," saying that the stock holding above its IPO price with current valuations is "kind of a miracle." He attributes the price action to the rising demand for the IPO market that includes names like Anthropic, which Cory calls "the biggest company out there.
The company's pivot toward offering hardware access to rivals could hamstring its own AI goals.
SpaceX's sky-high valuation hardly makes sense right now. The company could face political risk moving forward.
SpaceX made a splash earlier this week with a $25 billion bond deal, less than two weeks after it raised tens of billions of dollars in cash through its record initial public offering.
Two weeks after its record-breaking IPO, SpaceX isn't far from where it started.
Shares of SpaceX (SPCX) rose 3% on Friday as investors prepared for the company's addition to the Russell 1000 Index. The move is expected to drive demand from passive investment funds and broaden the stock's presence across major benchmarks.
Two weeks after the largest IPO in history priced, SpaceX (NASDAQ:SPCX) opened at $1.8 trillion valuation and has drifted to roughly $2 trillion, which Chad Anderson, managing partner at Space Capital and a decade-long SpaceX backer, calls cheap.