SpaceX officially began trading on the Nasdaq on June 12, 2026, after pricing its initial public offering at $135 per share and raising $75 billion. That makes it the largest IPO in history, and it’s not particularly close.
Elon Musk rang the ceremonial opening bell remotely from SpaceX’s Starbase facility in Texas, while president Gwynne Shotwell and other executives held court at the Nasdaq MarketSite in New York. The stock, trading under the ticker SPCX, opened at roughly $175, about 30% above the IPO price.
The numbers behind the record
SpaceX sold 555.6 million shares at the $135 offering price, landing the company an initial valuation of approximately $1.77 to $1.8 trillion.
The company had previously been valued at over $200 billion in private markets. Going public at nearly nine times that figure tells you something about how aggressively investors priced in SpaceX’s growth trajectory, particularly its Starlink satellite internet business and its government launch contracts.
