SpaceX Completes Record IPO at a Two Trillion Dollar Value
The Story
SpaceX made its stock market debut on the Nasdaq on June 12, 2026, completing the largest IPO in history and closing its first trading day at $160.95 a share with a market valuation of $2.1 trillion, making it the sixth largest company in the United States.
More than 510 million shares worth approximately $84 billion changed hands on the first day of trading, with shares opening at $150 and rising as much as 30 percent above the IPO price before settling to a 19 percent gain, while the listing cemented Elon Musk's status as the world's first trillionaire.
Musk took SpaceX public partly to raise capital for an ambitious plan to deploy thousands of AI computing satellites in orbit, with analysts cautioning that investors should prepare for volatility given the company's valuation of 118 times its annual sales and a net loss of nearly $5 billion in 2025.
The debut arrived against a backdrop of both Wall Street celebration and public protest, with investors citing SpaceX's dominance in reusable rocket launches and Starlink satellite internet as justification for the premium price, even as senators and demonstrators outside the Nasdaq building challenged Musk's growing concentration of wealth and power.
More than 510 million shares worth approximately $84 billion changed hands on the first day of trading, with shares opening at $150 and rising as much as 30 percent above the IPO price before settling to a 19 percent gain, while the listing cemented Elon Musk's status as the world's first trillionaire.
Musk took SpaceX public partly to raise capital for an ambitious plan to deploy thousands of AI computing satellites in orbit, with analysts cautioning that investors should prepare for volatility given the company's valuation of 118 times its annual sales and a net loss of nearly $5 billion in 2025.
The debut arrived against a backdrop of both Wall Street celebration and public protest, with investors citing SpaceX's dominance in reusable rocket launches and Starlink satellite internet as justification for the premium price, even as senators and demonstrators outside the Nasdaq building challenged Musk's growing concentration of wealth and power.
Why It Matters
The biggest offering Wall Street has hosted raised about $75 billion at $135 a share, and day one carried SpaceX to a $160.95 close, up 19.2 percent, for a $2.11 trillion valuation that makes Elon Musk history's first trillionaire at roughly $1.05 trillion, Variety tallies. More than 510 million shares worth about $84 billion changed hands that day CNBC. Morningstar's counter sits at $63 fair value, with neither big technology question answered before 2028. The retail heat meets a bear case that finally carries dates, and watch what queues behind it: Anthropic and OpenAI hold confidential filings pointing at rival mega offerings.
Go Deeper
Read the original reporting at Reuters.
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