SpaceX Completes IPO, Raising Nearly $86 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: Fool
- Historic Fundraising: SpaceX successfully raised nearly $86 billion in its IPO, marking the largest IPO in history and dispelling doubts about its ability to raise such a large sum at an initial valuation of $1.77 trillion, further solidifying its market capitalization exceeding $2.5 trillion.
- Index Inclusion: SpaceX is expected to be added to several major market indexes within three weeks of trading, and while it cannot join the S&P 500 for a year, this inclusion will drive forced buying from index funds and ETFs, thereby increasing stock demand.
- Options and Leveraged ETFs: Options and leveraged ETFs for SpaceX will begin trading on June 16, allowing investors to bet on future stock prices, which adds liquidity and can narrow the bid-ask spread, making the stock more attractive to traders.
- Lock-Up Expiration Risks: The lock-up period for SpaceX will begin to expire after the release of its second-quarter earnings, allowing insiders to sell 20% of their shares shortly thereafter, with additional sales contingent on stock performance, potentially flooding the market with shares and increasing supply pressure.
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Analyst Views on NDAQ
Wall Street analysts forecast NDAQ stock price to rise
10 Analyst Rating
9 Buy
1 Hold
0 Sell
Strong Buy
Current: 89.290
Low
101.00
Averages
111.50
High
123.00
Current: 89.290
Low
101.00
Averages
111.50
High
123.00
About NDAQ
Nasdaq, Inc. is a global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. The Company manages, operates and provides its products and services in three business segments: Capital Access Platforms, Financial Technology and Market Services. Its Capital Access Platforms segment comprises Data & Listing Services, Index and Workflow & Insights. The Financial Technology segment comprises Financial Crime Management Technology, Regulatory Technology and Capital Markets Technology businesses. Its Market Services segment includes its equity derivative trading and clearing, cash equity trading, fixed income, currency and commodities trading. It operates over 19 exchanges across several asset classes, including derivatives, commodities, cash equity, debt, structured products and exchange-traded products (ETPs).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
SpaceX's IPO Boosts Nasdaq's Prominence
- Massive IPO Scale: SpaceX's initial public offering raised $75 billion (or $85.7 billion including overallotments), providing significant funding for the company while enhancing Nasdaq's market stature.
- Strong Stock Performance: The stock surged nearly 20% on its first trading day and another 20% on the second day, indicating robust market confidence in SpaceX's growth potential and generating substantial trading volume for Nasdaq.
- Attracting More Tech Companies: SpaceX's decision to list on Nasdaq may encourage other major tech firms like OpenAI and Anthropic to follow suit, further solidifying Nasdaq's position as the preferred exchange for tech IPOs and enhancing its competitive edge.
- Sustained Revenue Streams: Nasdaq benefits from listing fees and ongoing data sales from IPOs, creating a stable income stream that not only boosts its financial performance but also provides funding for future business expansion.
See More
SpaceX Completes IPO, Raising Nearly $86 Billion
- Historic Fundraising: SpaceX successfully raised nearly $86 billion in its IPO, marking the largest IPO in history and dispelling doubts about its ability to raise such a large sum at an initial valuation of $1.77 trillion, further solidifying its market capitalization exceeding $2.5 trillion.
- Index Inclusion: SpaceX is expected to be added to several major market indexes within three weeks of trading, and while it cannot join the S&P 500 for a year, this inclusion will drive forced buying from index funds and ETFs, thereby increasing stock demand.
- Options and Leveraged ETFs: Options and leveraged ETFs for SpaceX will begin trading on June 16, allowing investors to bet on future stock prices, which adds liquidity and can narrow the bid-ask spread, making the stock more attractive to traders.
- Lock-Up Expiration Risks: The lock-up period for SpaceX will begin to expire after the release of its second-quarter earnings, allowing insiders to sell 20% of their shares shortly thereafter, with additional sales contingent on stock performance, potentially flooding the market with shares and increasing supply pressure.
See More
SpaceX Completes IPO, Surpassing $2.5 Trillion Market Cap
- Successful IPO and Valuation: SpaceX has officially completed its IPO, raising nearly $86 billion and surpassing a market cap of $2.5 trillion as of June 15, marking the largest IPO in history and dispelling doubts about its ability to raise such funds at an initial valuation of $1.77 trillion.
- Index Inclusion: The company is expected to be added to several major market indexes within the next three weeks, which, while not including the S&P 500 for a year, will drive forced buying from passive investors, thereby enhancing stock demand and solidifying its market position.
- Lock-Up Period and Liquidity: Insiders will be able to sell shares over the next six months, with the first key date following the release of Q2 earnings; if the stock trades above $175.50, additional shares can be sold, potentially increasing supply in the market and affecting stock price volatility.
- Investor Strategy Recommendation: Given the upcoming index additions and lock-up expirations, analysts suggest that investors may be better off waiting until after 180 days to reassess the true market value of SpaceX before making purchasing decisions.
See More
Apple Price Hike and New Highs for Major Banks
- Apple Price Increase: Apple plans to raise product prices due to rising memory chip costs, and while its stock has risen 16% over the past three months, it is currently down 7% from earlier this month, which may impact consumer demand and market share.
- Moderna Vaccine Progress: Moderna is making its case for the mRNA flu vaccine before the FDA committee, with shares up 11.6% on Wednesday and nearly 24% over three days, indicating strong market confidence in its product.
- New Highs for Major Banks: Bank of America, Citigroup, Goldman Sachs, JPMorgan, and Morgan Stanley reached new highs on Wednesday, with Bank of America up 9.5% in June, reflecting investor optimism in the financial sector.
- Oil Price Decline: Brent crude oil fell below its 200-day moving average for the first time since February, down over 27% in the past month, which puts pressure on energy stocks and may affect the earnings outlook for related companies.
See More
Nasdaq to Delist Smart Digital Group Securities
- Delisting Notice: Nasdaq has informed Smart Digital Group that its securities will be delisted on June 24 unless the company appeals to a Listing Qualifications Hearings Panel, which could severely impact the company's market reputation and fundraising capabilities.
- Trading Suspension: Trading of Smart Digital's ordinary shares has been halted since October 11, 2025, due to a temporary suspension by the U.S. Securities and Exchange Commission, preventing investors from trading and increasing market uncertainty.
- Regulatory Basis: Nasdaq's decision to delist under IM-5101-4 reflects serious concerns regarding the company's compliance and financial health, potentially affecting its future financing and business development.
- OTC Market Outlook: Following delisting, Smart Digital's securities may be eligible for trading in the over-the-counter market, which, while providing an opportunity for continued trading, may also lead to reduced liquidity and decreased investor confidence.
See More
SpaceX IPO Boosts Nasdaq's Market Position
- IPO Success: SpaceX's initial public offering on Nasdaq raised a substantial $75 billion (or $85.7 billion including overallotments), with the stock surging nearly 20% on its first trading day and another 20% on the second day, indicating strong market interest.
- Enhanced Nasdaq Reputation: By choosing to list on Nasdaq, SpaceX reinforces the exchange's status as the preferred venue for tech companies, likely attracting other major players like OpenAI and Anthropic to follow suit, thereby enhancing Nasdaq's market influence.
- Diverse Revenue Streams: Nasdaq benefits from a variety of income sources, including listing fees from IPOs, sales of trading data, and licensing fees, creating a stable annuity-like cash flow that bolsters its financial health.
- Investor Appeal: For conservative investors looking to capitalize on the tech IPO boom without the associated risks, investing in Nasdaq itself presents a more attractive option, given its profitability and relatively reasonable price-to-earnings ratio, suggesting a sound investment opportunity.
See More
SpaceX's IPO Boosts Nasdaq's Prominence
- Massive IPO Scale: SpaceX's initial public offering raised $75 billion (or $85.7 billion including overallotments), providing significant funding for the company while enhancing Nasdaq's market stature.
- Strong Stock Performance: The stock surged nearly 20% on its first trading day and another 20% on the second day, indicating robust market confidence in SpaceX's growth potential and generating substantial trading volume for Nasdaq.
- Attracting More Tech Companies: SpaceX's decision to list on Nasdaq may encourage other major tech firms like OpenAI and Anthropic to follow suit, further solidifying Nasdaq's position as the preferred exchange for tech IPOs and enhancing its competitive edge.
- Sustained Revenue Streams: Nasdaq benefits from listing fees and ongoing data sales from IPOs, creating a stable income stream that not only boosts its financial performance but also provides funding for future business expansion.
See More
SpaceX Completes IPO, Raising Nearly $86 Billion
- Historic Fundraising: SpaceX successfully raised nearly $86 billion in its IPO, marking the largest IPO in history and dispelling doubts about its ability to raise such a large sum at an initial valuation of $1.77 trillion, further solidifying its market capitalization exceeding $2.5 trillion.
- Index Inclusion: SpaceX is expected to be added to several major market indexes within three weeks of trading, and while it cannot join the S&P 500 for a year, this inclusion will drive forced buying from index funds and ETFs, thereby increasing stock demand.
- Options and Leveraged ETFs: Options and leveraged ETFs for SpaceX will begin trading on June 16, allowing investors to bet on future stock prices, which adds liquidity and can narrow the bid-ask spread, making the stock more attractive to traders.
- Lock-Up Expiration Risks: The lock-up period for SpaceX will begin to expire after the release of its second-quarter earnings, allowing insiders to sell 20% of their shares shortly thereafter, with additional sales contingent on stock performance, potentially flooding the market with shares and increasing supply pressure.
See More
SpaceX Completes IPO, Surpassing $2.5 Trillion Market Cap
- Successful IPO and Valuation: SpaceX has officially completed its IPO, raising nearly $86 billion and surpassing a market cap of $2.5 trillion as of June 15, marking the largest IPO in history and dispelling doubts about its ability to raise such funds at an initial valuation of $1.77 trillion.
- Index Inclusion: The company is expected to be added to several major market indexes within the next three weeks, which, while not including the S&P 500 for a year, will drive forced buying from passive investors, thereby enhancing stock demand and solidifying its market position.
- Lock-Up Period and Liquidity: Insiders will be able to sell shares over the next six months, with the first key date following the release of Q2 earnings; if the stock trades above $175.50, additional shares can be sold, potentially increasing supply in the market and affecting stock price volatility.
- Investor Strategy Recommendation: Given the upcoming index additions and lock-up expirations, analysts suggest that investors may be better off waiting until after 180 days to reassess the true market value of SpaceX before making purchasing decisions.
See More
Apple Price Hike and New Highs for Major Banks
- Apple Price Increase: Apple plans to raise product prices due to rising memory chip costs, and while its stock has risen 16% over the past three months, it is currently down 7% from earlier this month, which may impact consumer demand and market share.
- Moderna Vaccine Progress: Moderna is making its case for the mRNA flu vaccine before the FDA committee, with shares up 11.6% on Wednesday and nearly 24% over three days, indicating strong market confidence in its product.
- New Highs for Major Banks: Bank of America, Citigroup, Goldman Sachs, JPMorgan, and Morgan Stanley reached new highs on Wednesday, with Bank of America up 9.5% in June, reflecting investor optimism in the financial sector.
- Oil Price Decline: Brent crude oil fell below its 200-day moving average for the first time since February, down over 27% in the past month, which puts pressure on energy stocks and may affect the earnings outlook for related companies.
See More
Nasdaq to Delist Smart Digital Group Securities
- Delisting Notice: Nasdaq has informed Smart Digital Group that its securities will be delisted on June 24 unless the company appeals to a Listing Qualifications Hearings Panel, which could severely impact the company's market reputation and fundraising capabilities.
- Trading Suspension: Trading of Smart Digital's ordinary shares has been halted since October 11, 2025, due to a temporary suspension by the U.S. Securities and Exchange Commission, preventing investors from trading and increasing market uncertainty.
- Regulatory Basis: Nasdaq's decision to delist under IM-5101-4 reflects serious concerns regarding the company's compliance and financial health, potentially affecting its future financing and business development.
- OTC Market Outlook: Following delisting, Smart Digital's securities may be eligible for trading in the over-the-counter market, which, while providing an opportunity for continued trading, may also lead to reduced liquidity and decreased investor confidence.
See More
SpaceX IPO Boosts Nasdaq's Market Position
- IPO Success: SpaceX's initial public offering on Nasdaq raised a substantial $75 billion (or $85.7 billion including overallotments), with the stock surging nearly 20% on its first trading day and another 20% on the second day, indicating strong market interest.
- Enhanced Nasdaq Reputation: By choosing to list on Nasdaq, SpaceX reinforces the exchange's status as the preferred venue for tech companies, likely attracting other major players like OpenAI and Anthropic to follow suit, thereby enhancing Nasdaq's market influence.
- Diverse Revenue Streams: Nasdaq benefits from a variety of income sources, including listing fees from IPOs, sales of trading data, and licensing fees, creating a stable annuity-like cash flow that bolsters its financial health.
- Investor Appeal: For conservative investors looking to capitalize on the tech IPO boom without the associated risks, investing in Nasdaq itself presents a more attractive option, given its profitability and relatively reasonable price-to-earnings ratio, suggesting a sound investment opportunity.
See More
