SpaceX didn’t just go public. It went public in a way that makes every other 2026 IPO look like a lemonade stand.

Retail investors scooped up roughly $118 million worth of SpaceX shares on the company’s first day of trading, making it the largest net purchase by individual traders for any recent IPO. The stock, listed on Nasdaq under the ticker SPCX, opened at approximately $150 per share and closed at $160.95, a gain of about 19% from its $135 IPO price. At one point during the session, shares touched $176.

The numbers behind the record

SpaceX priced 555.6 million shares at $135 each, raising $75 billion in total capital. The resulting market capitalization landed somewhere between $1.77 trillion and $1.8 trillion at pricing. By the close of the first trading day, with shares settling near $161, that valuation stretched into the range of $2.1 trillion to $2.3 trillion.

Bitcoin on the balance sheet