SpaceX's 20% First-Day Pop Signals Conservative Pricing

SpaceX priced its IPO at $135 per share on June 11, 2026, raising $75 billion on 555.6 million shares. Stock jumped nearly 20% at listing, suggesting demand cleared higher. Had pricing instead hit $155 per share, the base offering alone would have netted roughly $11 billion more. Whether deliberate caution or missed demand signals remains opaque—order books stay private. The pop matters for shareholders: real money left on the table.