- SpaceX debuted on the Nasdaq under the ticker SPCX after pricing its record-breaking initial public offering at $135 per share to raise $75 billion.
- Shares opened at $150 and surged past $176 in intraday trading, driving the company’s market capitalization above $2 trillion.
- The historic market debut officially crowns CEO Elon Musk as the world’s first trillionaire, with a paper net worth reaching an estimated $1.1 trillion.
Aerospace and artificial intelligence heavyweight SpaceX completed the largest initial public offering in history on Friday, making a blockbuster debut on the Nasdaq Stock Market. Trading under the ticker symbol SPCX, the stock opened at $150 per share, an 11% premium over its fixed offering price of $135, before climbing as high as $176.52 in midday trading. The initial run-up marks a massive victory for the tech sector and pushed SpaceX’s valuation past the $2 trillion threshold, making it the sixth most valuable public company listed in the United States.
The history-making public offering raised $75 billion by selling 555.6 million shares of Class A common stock. Demand for the listing was heavily oversubscribed, reportedly drawing more than four times the available capital allocation during the bookbuilding phase. The massive capital injection is slated to fund the company’s capital-intensive programs, including its ongoing deep-space Mars colonization initiatives and the expansion of its orbital satellite data infrastructure following the integration of Elon Musk’s AI startup, xAI, earlier this year.
By executing the record-shattering IPO, Elon Musk has officially become the world’s first paper trillionaire. Musk retains a massive 42% equity stake and controls roughly 85% of the voting shares in the newly public entity. According to Forbes estimates, the surge in SPCX stock pushed Musk’s personal net worth to $1.1 trillion shortly after the opening bell, alongside his $300 billion stake in electric vehicle maker Tesla.
Despite the immense investor enthusiasm, market analysts have highlighted potential volatility stemming from the company’s financial profile. While the satellite connectivity business, Starlink, generated $4.4 billion in 2025, SpaceX as a whole posted a net GAAP loss of nearly $5 billion last year due to aggressive spending on its next-generation Starship rockets and AI data centers. Institutional observers point out that its current market valuation trades at a steep price-to-revenue multiple compared to traditional tech giants like Apple or Alphabet, which generate over $100 billion in annual profits.
“Today we make history again. We have a history of making history,” said SpaceX Chief Operating Officer Gwynne Shotwell shortly before ringing the Nasdaq opening bell in New York. “We did open this morning in a rather exciting way.”
The landmark listing is being viewed by Wall Street as a critical bellwether for institutional risk appetite and a primary dress rehearsal for an upcoming wave of mega-listings. Artificial intelligence developers, including OpenAI and Anthropic, have already outlined intentions for their own high-profile stock market debuts later this year. SpaceX’s public status is also expected to fast-track its inclusion into major passive funds and Nasdaq-linked ETFs, broadening public retail access and portfolio exposure to the space economy.
Disclaimer: This article is for informational purposes only and does not constitute advice of any kind. Readers should conduct their own research before making any decisions.
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