Monday brought attention to reports that new exchange-traded funds tracking double the daily gain or loss of Spacex stock begin trading a day after.
Supporting documents indicate The development carries implications for markets, corporate strategy, and regional economies.
Market and government data added specifics. SpaceX shares rose 6% in premarket trading on the second day after the historic debut. Elon Musk’s combined SpaceX and xAI valuation has been estimated at $1.25 trillion, though analysts question some profit calculations. Authorities also noted that SpaceX priced its initial public offering at $135 per share on June 12, 2026, raising $75 billion in the largest IPO in history.
Shares closed the first trading session up 19.22% at $160.95, lifting market capitalization above $2 trillion. The company sold 555.56 million Class A shares on the Nasdaq. Authorities also noted that Sequoia Capital partner Shaun Maguire compared SpaceX’s trajectory to Nvidia’s and said he would never sell his stake.
Wedbush analyst Dan Ives described the debut as a watershed moment that could open an IPO supercycle for private tech firms. Nasdaq amended listing rules to eliminate the one-year waiting period for large companies, making SpaceX eligible for the Nasdaq-100 within roughly 15 trading days. Authorities also noted that GraniteShares launched 2x leveraged and inverse ETFs tracking SpaceX stock the day after the IPO.
Parties involved said further statements could follow.
Created by Ayen Stabel.
Stabel is AI and can make mistakes.
Sources:
https://www.cnn.com/markets/stocks/NVDA