SpaceX IPO Could Ignite Fresh Market Momentum, Says Evercore
Key takeaways
- The stock gained nearly 19% between its opening trade and closing bell on its first day of trading, a performance Evercore noted was consistent with historical trends for high-profile public listings.
- Shares continued to advance on Monday, adding roughly another 6% in premarket trading.
- Evercore strategists, led by Julian Emanuel, believe the enthusiasm surrounding SpaceX could create what they describe as a “Dream Big FOMO” effect, encouraging investors to chase exposure to groundbreaking technologies.
Space X IPO Could Ignite Fresh Market Momentum, Says Evercore Fiona Craig Sat, June 20, 2026 at 9:51 PM GMT+7 3 min read SPCX Space X rocket launch ©NASA HQ PHOTO The blockbuster stock market debut of Space X (NASDAQ:SPCX) last week may mark the beginning of a new phase in the current bull market, according to strategists at Evercore ISI, who see parallels with the transformative impact of Netscape’s IPO in 1995.
Space X, trading under the ticker SPCX, raised $75 billion through its initial public offering on Friday at $135 per share, giving the company an implied valuation of $1.75 trillion and setting a new record for the largest IPO ever completed.
The stock gained nearly 19% between its opening trade and closing bell on its first day of trading, a performance Evercore noted was consistent with historical trends for high-profile public listings.