The rocket company began trading on the Nasdaq under the ticker SPCX on Friday, opening at $150 per share before jumping as much as 30% to $176.52. Shares later pared gains and closed at $160.95, up 19%.
SpaceX's record-breaking market debut raised $75 billion, making it the largest initial public offering ever. The IPO valued CEO Elon Musk's rocket company at roughly $1.77 trillion.
After Friday's jump, SpaceX's market capitalization vaulted above $2 trillion, making it one of the most valuable publicly traded companies in the world.
The offering also pushed Musk's net worth past $1 trillion. SpaceX began trading at $150 per share, above the roughly $141-per-share level needed to make Musk the world's first trillionaire.
The public market may be expecting sizable IPOs in 2026, including those of OpenAI and Anthropic, both of which have confidentially filed to go public.
