SpaceX shares swing after IPO as Goldman highlights Asian space-stock basket

SpaceX debuted on the public market on June 12 with an IPO price of $135 per share. The stock quickly rallied to about $226, briefly making the company the fourth most valuable publicly traded firm worldwide, before pulling back more than $600 billion in market value and settling around $157 per share. Analysts cite a limited public float of roughly 4.2 % and upcoming insider lock‑up expirations in August as factors driving volatility. The company also launched a bond offering that grew to a $25 billion senior unsecured note deal after strong investor demand, with proceeds earmarked for refinancing a bridge loan linked to its merger with xAI and future AI investments.

Separately, Goldman Sachs has introduced an Asia Space Economy basket (ticker GSSZSPCE) that targets companies across the region involved in launch propulsion, satellite manufacturing, ground‑segment services, and space‑grade materials. The firm notes that satellite launches rose 65 % in 2025, bringing the global space economy to an estimated $429 billion, while Asian supply‑chain firms remain deeply discounted relative to peers, offering a compelling risk‑adjusted opportunity for investors.

Both developments underscore heightened investor focus on the rapidly expanding space sector, from high‑profile U.S. IPOs to emerging Asian market exposure.