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SpaceX IPO debuts at $135, promising long-term growth amid high volatility and ambitious projects.

Market News
12 Jun 2026
24/7 Wall Street
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Bullish
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SpaceX's IPO launched at $135 per share amid strong investor interest and high expectations, with some analysts targeting $190. The company holds a near-monopoly on reusable rocket launches with its Starship technology and is expanding its Starlink satellite internet service, which could disrupt the telecom industry. While ambitious projects like asteroid mining and space tourism are long-term bets, SpaceX's growth potential and innovation make it attractive for investors willing to accept volatility. The market will watch closely to see if the IPO price justifies the company's future prospects.

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SpaceX IPO debuts at $135, driven by Starlink profits but valued on risky AI promises.

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