SpaceX Stock Surges 19% After Record IPO; Shares Hit $2T Valuation Mark
SpaceX shares climbed 19% on first trading following the company's historic IPO, bringing its market cap to approximately $2 trillion. TD Securities analysts flagged even larger rally potential as private-market liquidity unlocks and broader investor rotation toward space/infrastructure plays accelerates.
The move underscores appetite for hard-asset and infrastructure bets amid AI capex supercycle projections; ripple effects include a secondary-market boom in private equity and venture stakes tied to SpaceX founders and backers.