SpaceX made its public market debut on June 12, 2026, trading on the Nasdaq under the ticker SPCX. Shares, priced at $135 in the IPO, surged to peaks around $176 during early trading, pushing the market capitalization past $2 trillion and reportedly nearing $2.1 trillion. That’s roughly a 19% jump on day one.
The IPO raised approximately $75 billion, making it the largest initial public offering in history by multiple measures. The initial valuation landed between $1.77 trillion and $1.8 trillion based on the offering price alone.
The numbers behind the rocket ship
The company reported revenue of around $19 billion for the prior year. It remains unprofitable. That means investors are paying more than 100 times revenue for a company that hasn’t turned a profit yet.
The company has been building out significant AI and cloud service capabilities, including collaborations with Google’s Gemini and Anthropic.
