SpaceX Stock Closed Up 19% in Its First Day Of Trading. Should Investors Buy, or Wait for the Hype to Cool?

SpaceX’s public debut delivered a dramatic 19% gain, signaling strong investor interest even as the valuation looms large. The IPO priced at $135, opened at $150, climbed to about $177 intraday, and closed around $161, valuing the company at roughly $2.1 trillion on day one. SpaceX’s Starlink segment produced about $11.4 billion in 2025 revenue (61% of total) with roughly $4.4 billion in operating income, while subscribers surged from 2.3 million at end-2023 to about 8.9 million by end-2025 and over 10 million by Q1 2026. Rockets accounted for more than four-fifths of all orbital launches in 2025, underpinning its market dominance. The company trades at well over 100x 2025 revenue, a level typical of uniquely positioned growth names. With no direct public peers, SpaceX offers rare exposure to commercial space, satellite broadband, and Musk’s broader ambitions, yet investors must weigh the post-IPO climb against the sky-high valuation and execution risks.