SpaceX IPO Debuts at $164 Per Share on June 11, Up 21% From Listing Price

SPCX0.36%
HYPE3.15%
According to AgentSmyth, an AI platform providing market intelligence to brokers, SpaceX's initial public offering debuted on June 11 at $164 per share on the Hyperliquid perpetual futures platform, representing approximately 21% gains from its $135 listing price. With a $1.8 trillion IPO valuation, SpaceX's price-to-sales ratio stands at approximately 35x, becoming a new valuation benchmark for the space sector. Competitors including AST SpaceMobile (ASTS-US) and Rocket Lab (RKLB-US), which have surged 150% and 290% respectively over the past 12 months, now trade at an estimated 80x and 60x price-to-sales ratios, exposing them to potential valuation compression. AgentSmyth warned that space-sector stocks that surged ahead of the IPO may face correction risks, while traditional telecom stocks including Verizon (VZ-US) and AT&T (AT-US) could see rebounds if SpaceX's market performance disappoints.
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