Freedom Analysts: SpaceX Shares Continue Rally after Largest IPO in History

SpaceX (SPCX) shares surged 19.2% on their first trading day following the largest initial public offering (IPO) in history. Shares closed Friday at $160.95, up from the IPO price of $135 per share, with intraday highs reaching $176.52, according to Freedom analysts. The company’s market capitalization exceeded $2.1 trillion by market close.

SpaceX, the U.S. aerospace company founded by Elon Musk in 2002, develops Falcon and Starship rockets, conducts commercial space launches, and operates the Starlink satellite broadband network. In February 2026, SpaceX merged with AI startup xAI, further expanding its technological footprint.

On Monday, pre-market trading showed an additional ~6% gain, with shares hovering near $170. The IPO involved the offering of 555.56 million shares at $135 each, raising a record-breaking $75 billion. This surpasses the previous global IPO record held by Saudi Aramco, which raised $29 billion in 2019.

Analysts attribute the successful debut to exceptionally strong investor demand. Post-IPO, SpaceX ranks among the largest publicly traded companies in the U.S. Its market value now exceeds that of Berkshire Hathaway (BRK.B), JPMorgan Chase (JPM), Eli Lilly (LLY), and Tesla (TSLA).

Company founder Elon Musk became the first person in history whose fortune exceeded $1 trillion. Freedom analysts have set a target price of $159.20 per share. They emphasize that SpaceX’s investment appeal stems from its growth potential in space infrastructure, satellite communications, and artificial intelligence. Freedom forecasts company revenue could reach $315 billion by 2030 and exceed $1 trillion by 2035.

Key risks include potential delays in the Starship program, launch failures, and regulatory constraints in certain markets, which could slow global expansion.

Not an individual investment recommendation.