SpaceX Is Skyrocketing on Its IPO Day -- Is the Stock a Buy Right Now?

SpaceX's IPO day anchors the main theme of the story, with the company’s stock surging well above the fixed price. By 3:10 p.m. ET, the shares were up 23% from the IPO price, after earlier gains reached around 30.8%. The fixed IPO price valued SpaceX at about $1.77 trillion, and the post-opening rally lifted its market capitalization to roughly $2.17 trillion. The stock trades at about 116 times last year’s $18.7 billion in sales, reflecting lofty growth expectations and a high risk-reward mix. The move underscores investor appetite for disruptive space technologies and SpaceX's leadership across launch, satellite services, and related markets.