SpaceX’s stock opened at $150 on Friday — an 11% jump from its IPO price — and finished up nearly 20% for the day.
The rocket and satellite company priced its IPO Thursday night at $135 per share ahead of today’s debut on the Nasdaq Composite, trading under the ticker SPCX.
“SpaceX going public is an important moment for the broader tech sector in our view as this AI Revolution and data takes this next step forward,” Wedbush analyst Dan Ives wrote in a note to investors Friday morning.
SpaceX stock jumped over 30% after opening, but pared some of those gains to close at $160.95, up 19.2%.
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