SpaceX Stock Surges 67% Following IPO
SpaceX Stock Surges 67% Following IPO
Updated at: June 22, 2026 at 05:15 AM
On June 12, 2026, space exploration history met financial markets when SpaceX launched its highly anticipated IPO on the NASDAQ under the ticker symbol SPCX.
In an unprecedented move, the company raised a staggering $75 billion, marking the largest initial public offering in history and valuing the firm at approximately $1.75 trillion.
Breaking from traditional practices, SpaceX offered shares at a fixed price of $135 and opened up 30% of the float to retail investors, far exceeding the usual industry standards.
The market response was immediate and enthusiastic.
After debuting at $150, the stock price soared throughout the day, closing at $160.95—a 67% surge compared to its initial valuation projections.
This excitement is driven by SpaceX’s ambitious integration of satellite connectivity via Starlink, advanced launch infrastructure, and its xAI division.
Despite becoming a public company, control remains firmly in the hands of Elon Musk, who retains 85% of the voting power.
As the company transitions into the public spotlight, it now faces heightened regulatory oversight regarding its ongoing scaling costs, even as investors celebrate this monumental step into the future of space commerce.
