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Jim Cramer has praised Space Exploration Technologies Corp. (NASDAQ: SPCX), popularly known as SpaceX, after it surpassed the $200 mark for the first time since its mega initial public offering (IPO)
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Just two regular sessions after its initial public offering (IPO), SpaceX (NASDAQ: SPCX) stock has already rallied 42.59% to $192.50, while including the Tuesday pre-market pushes the gains to 56.83% at $211.72. Still, one prominent analyst and broker believes Elon Musk's newer public company is bound to more than double its value.
SpaceX (NASDAQ:SPCX) shares rose 17% to $187.70 on Monday, the first full day of trading following the company's record-breaking initial public offering on Friday, when the stock closed at $161.11, pushing its market capitalization above US$2.2 trillion and placing it among the six largest companies in the world. The gain puts SpaceX (NASDAQ:SPCX) roughly US$400 billion shy of overtaking its nearest rival, which carries a market cap of nearly US$2.7 trillion.
Shares of SpaceX (NASDAQ:SPCX) are up 15% in Monday afternoon trading, climbing to about $185 as buyers extend the post-IPO surge that began last Friday.
Ten leveraged SpaceX ETFs launched this week alongside the public debut of Space Exploration Technologies Corporation (SPCX), which began trading on the Nasdaq, giving traders an immediate lineup of tools to bet for or against the stock. Key Takeaways: Ten leveraged SpaceX ETFs launched alongside SPCX's Nasdaq debut.
Space Exploration Technologies Corp. (NASDAQ: SPCX), popularly known as SpaceX, has held 18,710 Bitcoin (BTC) since its Initial Public Offering (IPO) on June 12, 2026.
SpaceX (NASDAQ:SPCX) at $160.95 presents an interesting entry-point question on any macro-driven post-IPO consolidation at or below $140.
It looks like the Space Exploration Technologies (NASDAQ:SPCX) enjoyed quite a successful lift-off on Friday's session, with the broad markets both enjoying a big up day as the $2.1 trillion whale found a spot without causing mass profit-taking elsewhere.
Elon Musk thinks SpaceX (NASDAQ: SPCX) will have $1 trillion in revenue in 2031.
SpaceX shares surged 19% on debut, yet history shows many high-profile IPOs struggle after the initial excitement fades.