SpaceX made its public market debut on June 12, and shares priced at $135 opened near $150 and kept climbing, surging more than 19% during the session and pushing the company’s market capitalization past $2 trillion within hours of its first trade.
The after-hours session got even more interesting, with some trackers briefly showing a market cap touching $3 trillion. Here’s the thing: Microsoft was trading in the $2.9 trillion range at the time, making any supposed “overtaking” razor-thin at best and unverified at worst.
What actually happened on day one
SpaceX listed with a target valuation of roughly $1.75 trillion. The stock opened at approximately $150 per share and climbed aggressively throughout the day, hitting intraday peaks estimated between $176 and $192.
That price range translated to a market cap exceeding $2 trillion, with some estimates suggesting intraday peaks near $2.5 trillion. Those are real, corroborated figures. The $3 trillion number circulating in after-hours chatter is a different story, one that lacks the same level of verification.
