SpaceX shares jump in Nasdaq debut after record $75 billion IPO

Friday, June 12, 2026Business & MarketsWell-covered3 frames

SpaceX sold about 555.6 million shares at $135 each in its IPO, raising roughly $75 billion.
The offering valued SpaceX at about $1.77 trillion to $1.8 trillion at the IPO price.
Multiple reports described the SpaceX listing as the largest IPO on record, surpassing Saudi Aramco’s previous record.
When trading began, SpaceX shares opened above the IPO price at about $150, reflecting an initial gain of roughly 11%.
During its first trading day, SpaceX shares rose more than 25%, pushing the company’s market value above $2 trillion.
Several outlets reported that the IPO lifted Elon Musk’s net worth above $1 trillion, making him the first person reported to reach that level.
Investor demand for the IPO exceeded the size of the offering by roughly 3.5 to 4 times, according to reports citing people familiar with the deal.
Market participants are treating SpaceX’s debut as a signal for the broader IPO market, especially for other large technology and AI-related listings that may follow.

How left and right are reading this

Both agree: A record-setting debut with oversubscribed demand and a strong first-day rise is being read as a real market signal, not just a one-company event, for how investors may receive other large technology and AI-related listings.
They split on: Less a disagreement than a question of emphasis: what the IPO says about investor appetite for future large listings, versus how immediately that market enthusiasm translated into even more wealth for Elon Musk.

Friday, June 12, 2026Business & MarketsWell-covered3 frames

SpaceX sold about 555.6 million shares at $135 each in its IPO, raising roughly $75 billion.
The offering valued SpaceX at about $1.77 trillion to $1.8 trillion at the IPO price.
Multiple reports described the SpaceX listing as the largest IPO on record, surpassing Saudi Aramco’s previous record.
When trading began, SpaceX shares opened above the IPO price at about $150, reflecting an initial gain of roughly 11%.
During its first trading day, SpaceX shares rose more than 25%, pushing the company’s market value above $2 trillion.
Several outlets reported that the IPO lifted Elon Musk’s net worth above $1 trillion, making him the first person reported to reach that level.
Investor demand for the IPO exceeded the size of the offering by roughly 3.5 to 4 times, according to reports citing people familiar with the deal.
Market participants are treating SpaceX’s debut as a signal for the broader IPO market, especially for other large technology and AI-related listings that may follow.

How left and right are reading this

Both agree: A record-setting debut with oversubscribed demand and a strong first-day rise is being read as a real market signal, not just a one-company event, for how investors may receive other large technology and AI-related listings.
They split on: Less a disagreement than a question of emphasis: what the IPO says about investor appetite for future large listings, versus how immediately that market enthusiasm translated into even more wealth for Elon Musk.

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