SpaceX went public on Nasdaq in June 2026, closing its first trading day with a market valuation exceeding $2 trillion. The company's high valuation is largely driven by Starlink, which generated $11.4 billion in revenue in 2025, accounting for about 61% of SpaceX's total revenue and showing 48% growth year-over-year. This listing is significant as it highlights SpaceX's dominant position in satellite internet services, while European governments are seeking alternatives like the EU's IRIS² project to reduce dependence on US providers for critical communications. The IRIS² initiative, funded mostly by the EU, aims to launch services by 2030 through a multi-orbit satellite constellation led by the SpaceRISE consortium including SES and Eutelsat.
The Tuttle Capital Heavy Assets Low Obsolescence ETF (HALX) updated its index in June, adding seven new companies including SpaceX, which became the fund's largest holding at 3.46%. The rebalance also removed six stocks such as CoreWeave and trimmed ...
SpaceX has successfully raised $25 billion through a senior unsecured notes offering, receiving nearly $90 billion in orders, shortly after its record-breaking IPO that raised nearly $86 billion. This debt sale increases SpaceX's cash reserves to ove...
SpaceX's stock has fallen about 28% from its June 16 peak following its June 12 IPO, wiping out hundreds of billions in market value. Despite this sharp decline, short selling remains modest, with only 5% to 7% of the float sold short, indicating cau...
SpaceX shares rose 2.5% on Tuesday following a steep two-day selloff that erased over $600 billion from the company's market value. The drop, one of the largest ever for a newly listed mega-cap stock, pushed shares below their initial $150 opening pr...
SpaceX stock initially surged 50% after its June 12 IPO, reaching an all-time high of $225.64. However, it then plunged nearly 22% in the following week, erasing all gains and closing below its IPO price. The rapid early rise likely prompted profit-t...
