SpaceX soars in record Nasdaq IPO debut

SpaceX completed a historic initial public offering on June 12, 2026, selling shares at an IPO price of $135. The offering raised about $75 billion, making it the largest IPO on record by proceeds. At the IPO price, the transaction implied an initial valuation around the upper end of the global equity market, setting the stage for an active first trading session.

The new listing placed SpaceX among the most highly valued public companies worldwide from its first day on the market. The scale of capital raised underscored investor demand for exposure to the company’s business at the time of listing.

Trading in SpaceX shares began on the Nasdaq under the ticker symbol SPCX on June 12, 2026. The stock opened at $150, immediately trading at a premium to the $135 offering price. During the session, shares climbed to an intraday high of $176.52 as buying interest remained strong.

By the close of regular trading, SpaceX shares finished at $160.95. This closing level represented a roughly 19% gain from the IPO price, signaling a solid first-day performance for new shareholders. Live trading indications earlier in the morning had pointed to a potential first trade in the low-to-mid $160 range, reflecting substantial demand before the opening print.

More than 500 million SpaceX shares traded on the first day, highlighting the depth of both institutional and retail participation. The high turnover made the debut one of the most actively traded IPO sessions in recent memory. Such volume supported the stock’s ability to trade in a relatively tight band once it settled into the market.

After the closing bell, extended trading continued to push the stock higher, with after-hours prices reported near $166.76. Based on the closing and post-market levels, SpaceX’s market capitalization was estimated in the roughly $2.1–$2.2 trillion range, placing significant value on the company immediately after its public debut.

SpaceX executives marked the company’s transition to public ownership by participating in Nasdaq’s opening and closing bell ceremonies on June 12, 2026. The events highlighted the prominence of the listing within broader financial markets. Public comments around the debut emphasized the company’s ambitions as it entered the public-equity arena.

The successful launch of trading, combined with the record size of the IPO and strong first-day price performance, underscored investor confidence in SpaceX at the time of listing. The day-one gains translated into immediate paper profits for existing shareholders, including employees and early investors whose stakes were now priced off a liquid, publicly traded stock.