SpaceX Shares Rise to $170.87 Premarket as Sequoia Vows Never to Sell

SPCX extended gains in premarket trading on June 15, climbing 6.16% to $170.87 after closing its first session at $160.95, a 19.22% premium to the $135 IPO price. The stock debuted on Nasdaq June 12 at $150 following the record $75 billion raise that valued SpaceX at $1.75 trillion amid four-times oversubscription and heavy retail demand. Sequoia partner Shaun Maguire compared the company’s trajectory to NVIDIA’s early years and pledged to hold shares indefinitely, while bullish analyst targets from Oppenheimer ($190) and Wolfe Research ($175) continue to support further upside despite the rich valuation.