SpaceX Stock Closed Up 19% in Its First Day Of Trading. Should Investors Buy, or Wait for the Hype to Cool?

SpaceX completed its IPO at $135 per share and closed at $161 on its first trading day, a 19% gain that values the company at $2.1 trillion. While the business fundamentals are strong—particularly Starlink's satellite internet segment with 10+ million subscribers and the dominant launch business—the analyst cautions against chasing the stock due to its extremely high valuation (100x+ revenue), consolidated net losses from the unprofitable xAI acquisition, and an unusual lockup structure that could create selling pressure before year-end.