8% SpaceX Jump Shows Fresh FOMO as SPCX Tests a $2.28T Market Cap – Bitcoin News

SPCX Extends IPO Heat

SpaceX, trading on Nasdaq under the ticker SPCX, changed hands at $173.91 as of about 11:37 a.m. EDT Monday, up $12.96, or 8.06%, from Friday’s close.

The stock opened at $171.81 and traded between $168.36 and $175.90, with volume topping 106.6 million shares. That is not sleepy post-IPO digestion. That is the market sprinting toward the velvet rope.

SpaceX closed Friday at $160.95 after pricing its IPO at $135 per share. At Monday’s quoted level, SPCX stood roughly 28.8% above its IPO price.

The Big Number Is Bigger

The offering raised $75 billion by selling 555.6 million shares, making it the largest IPO in history. The deal valued SpaceX at around $1.77 trillion to $1.8 trillion at pricing.

By Monday morning, the company’s intraday market capitalization stood near $2.275 to $2.284 trillion, putting SpaceX in the rarefied club where every tick looks like a macro event and every dip invites a think piece.

Elon Musk owns about 46.4% of SpaceX, and the IPO pushed his net worth past $1 trillion for the first time, according to Forbes. Current estimates place his wealth between $1.2 trillion and $1.3 trillion.

Why Crypto Traders Care

For crypto investors, the SPCX move matters because it reflects the same animal spirits that often drive bitcoin, ethereum and high-beta digital assets. When traders reward a capital-intensive growth story at triple-digit sales multiples, risk appetite is not hiding under the desk.

There’s been positive market sentiment after easing U.S.-Iran headlines, which likely helped tech and growth names. That type of broader risk-on tone can spill into crypto markets, especially when liquidity chases narrative-heavy assets. Bitcoin too popped higher, jumping past the $67,000 range by 11:45 a.m. Eastern time as well.

SpaceX itself holds $1.25 billion in bitcoin, or approximately 18,712.35503938 BTC on its balance sheet.

Starlink Carries the Story

SpaceX reported trailing 12-month revenue of about $19.3 billion, with Starlink serving as the key growth engine. Launch services, NASA, defense contracts, and Starship development round out the company’s core story.

Still, SpaceX remains unprofitable. Reporting shows a trailing net loss of $9.36 billion, a negative 45% profit margin, and a price-to-sales ratio near 109 times.

That valuation is not priced for modest execution. It is priced for Starlink scale, Starship breakthroughs, and a future space economy that arrives on schedule, preferably wearing a tuxedo.

What Comes Next

Near-term catalysts include the company’s first public earnings report, Starlink subscriber and margin data, Starship milestones, new government or enterprise wins, and continued trading momentum.

The risks are just as loud. Starship delays, capital intensity, regulatory fights, spectrum issues, lockup expirations, future dilution, and Musk’s divided attention could all pressure the stock.

For now, SPCX is trading like a market event, not just a new listing. The question is whether SpaceX can turn its technological mystique into sustained free cash flow before the valuation demands receipts. Or will its valuation keep rocketing higher?