SpaceX went public on June 12, raising roughly $86 billion and landing a valuation near $1.8 trillion. That makes it the largest IPO in financial market history, surpassing Saudi Aramco’s 2019 record.
The Elon Musk-led company priced shares at $135 on the Nasdaq Global Select Market under the ticker SPCX. First-day gains exceeded 19%.
The IPO that ate the market
The stock’s trajectory after debut saw shares climb past $200 before retreating to the $145 to $149 range by early July, weighed down by investor rotation and competitive noise from Blue Origin.
SpaceX was added to the Nasdaq-100 on July 7, triggering an estimated $1.4 trillion in required purchases by index-tracking funds.
