SpaceX shares closed at $174.45 per share on Friday, June 12, 2026, according to Nasdaq data, marking a 29.22 per cent gain from the company’s IPO price of $135 on the stock’s first trading day on Nasdaq under the ticker SPCX.
The aerospace company, founded by Elon Musk in 2004, officially began public trading in what officials called the largest initial public offering (IPO) ever recorded, with the stock rising $39.45 above its IPO price.
SpaceX priced its IPO at $135 per share on June 11, the company announced, offering 555,555,555 shares of Class A common stock and raising approximately $75 billion.
At the IPO price, the company was valued at $1.77 trillion, surpassing Saudi Aramco’s $1.70 trillion IPO in 2019 as the highest-valued IPO to date, according to market analysts.
With shares closing at $174.45, SpaceX’s market capitalization reached $2.28 trillion, giving the rocket and satellite telecommunications firm a valuation exceeding $2.2 trillion, market data showed.
The company, which also owns AI firm xAI and the social network X, could potentially make Elon Musk the first trillionaire, financial experts said.
SpaceX opened at $150 per share on its first trading day, which was 11 per cent above the IPO price, the exchange reported, and continued to rise throughout the day, reaching a high of $174.75 before closing at $174.45.
Major brokerage platforms including Charles Schwab, Fidelity, Robinhood, SoFi, and Morgan Stanley’s E-Trade said they are offering SpaceX shares to investors. The stock opened under the Nasdaq listing SPCX for its Class A common stock, the exchange confirmed.
SpaceX filed for its IPO on Nasdaq on May 20, 2026, after submitting a confidential application in April, the company disclosed. The public debut marks a major milestone for the rocket firm that has been privately held since its founding in 2004, according to the company.