Good morning. It’s market debut day for SpaceX, which begins trading on the Nasdaq as SPCX.
At $135 per share, SpaceX’s IPO raised $75 billion and values Elon Musk’s rockets, satellites, and AI company at an astonishing $1.77 trillion, placing it among the world’s top 10 most valuable companies.
At Fortune Brainstorm Tech in Aspen this week, I spoke to several tech insiders about the SpaceX IPO. Their take? Expect a huge pop on Day 1 and a significant drop thereafter. Whether that happens on Day 2, Week 2, or Month 2, well, that’s the question.More news below. Have a wonderful weekend. —Andrew Nusca
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The SpaceX IPO is not the market savior it seems, execs sayMo Jomaa of CapitalG, Nizar Tarhuni of PitchBook, and Hans Tung of Notable Capital at Fortune Brainstorm Tech 2026 in Aspen, Colorado. Stuart Isett/Fortune
