The world’s most anticipated private company finally went public, and it did not disappoint on the drama front. SpaceX priced its initial public offering at $135 per share on June 12, 2026, raising $75 billion in what stands as a record-breaking market debut. Underwriter options pushed that figure to $86 billion.
The Nasdaq listing under ticker SPCX gave SpaceX an opening valuation of roughly $1.77 trillion. Early trading sent shares surging toward $226, briefly pushing the market cap above $2 trillion before a pullback of up to 32% from those highs.
The AI engine underneath the rocket company
In early 2026, SpaceX acquired xAI, Elon Musk’s artificial intelligence venture, folding it into the broader corporate structure. The goal, according to the company, is to combine space infrastructure with AI-driven optimization, including managing energy consumption across operations.
The Tesla merger question
