SpaceX debuts on Nasdaq with strong indication at $171, 27% above $135 IPO price, pushing valuation toward $2.24 trillion.

The offering is said to have drawn over $250 billion institutional orders, bringing the total demand to about $350 billion in one of the most anticipated and largest market debuts ever.

Shares are indicated to open at $171, representing an approximate 27% pop from the IPO price.

This would value the company at roughly $2.24 trillion on debut and make Elon Musk the world’s first trillionaire on paper.

The offering raised approximately $75 billion and gives the rocket and satellite giant a massive $1.77 trillion market capitalization from day one.

.@SpaceX listing day is here. Watch live. $SPCX https://t.co/VTXg0N2TBc

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Early indications pointed to a strong opening pop of 25-30% above the IPO price, which would push the stock toward $168–$175.

With tiny float, overwhelming demand from institutions and retail alike, and looming passive ETF/index buying, the debut shaped up as one of the most volatile and watched in market history.

This marks the public debut of the space economy’s dominant player, Starlink’s subscriber and revenue ramp, reusable rocket leadership, defense contracts, and AI/orbital upside now available to public investors.

Notably, the $171 opening falls significantly lower than veteran New York Stock Exchange floor trader Peter Tuchman predicted.

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