SpaceX Completes the World's Biggest IPO and Reaches a Two Trillion Dollar Valuation
Via Reuters
Summary
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.
