SpaceX shares have rocketed 63% above their IPO price in just a few trading sessions, briefly pushing the aerospace giant’s market capitalization toward $2.9 trillion. The stock, trading under the ticker SPCX, peaked above $220 after debuting on NASDAQ at $135 per share on June 12.
That makes SpaceX’s public offering not just the largest IPO in history, but one of the most explosive first-week performances ever seen at that scale. For context, the $75 billion raised dwarfs every previous IPO by a wide margin.
The numbers behind the historic debut
SpaceX sold 555.6 million shares at $135 each, giving the company an initial valuation of approximately $1.77 trillion. That immediately placed it among the largest public companies in the US by market cap, right out of the gate.
The stock opened at $150, an 11% premium over the IPO price. By the close of its first trading day, shares had climbed to roughly $161, a 19% gain. Trading volume on day one exceeded 490 million shares.
