News
A weekly roundup of app and tech news.
by Julia Walker June 12 2026
Aerospace company SpaceX, which was founded by Elon Musk, began trading today. Previously, shares for the $1.7 trillion company were available exclusively to venture capital firms and a small group of private investors.
Due to high demand, not all investors will be able to buy shares of the company, and the price was listed at $135 per share on Thursday with the goal of earning $75 billion by going public. SpaceX’s initial public offering (IPO) is projected to break records; and while the company aimed to go public when it hit a value of $2 trillion, it proceeded with plans once it hit the $1.7 trillion mark.
