Shares of SpaceX surged 9.2% to $176 on June 15, following its historic Nasdaq debut last week. The company’s IPO raised $85.7 billion after underwriters exercised the greenshoe option, making it the largest public offering in Wall Street history. SpaceX’s market valuation surpassed $2 trillion, positioning it as the sixth-largest US public company and overtaking Tesla.
The IPO attracted significant investor interest, particularly in AI-related firms, reflecting broader market enthusiasm for technology stocks. The stock initially debuted at $150 per share and quickly gained momentum, driven by strong demand and high-profile backing. Elon Musk’s SpaceX thus became a focal point on the Nasdaq, with the offering cementing Musk’s status as the world’s first trillionaire.
This IPO sets a new benchmark for capital raised in the aerospace and technology sectors, eclipsing previous records and highlighting the growing appetite for space exploration investments. The valuation places SpaceX among the elite group of US companies valued above $2 trillion, alongside giants like Apple and Microsoft. The deal’s scale and investor response underscore the expanding role of private space ventures in public markets.
SpaceX’s shares will continue trading on Nasdaq under the ticker symbol 'SPCX'. The company’s market capitalization and stock performance will be closely watched as it navigates its next phase of growth and innovation in space technology.