SpaceX shares rise 26% on first day of trading after record IPO
8 reported
SpaceX made its public market debut on June 12, 2026, with shares opening at $150 on the Nasdaq exchange, an 11% increase from the IPO price of $135. The company priced 555.6 million shares to raise $75 billion, making it the largest IPO in history. As of 1:38 pm ET, shares were trading at $170.82, up more than 26%. Robinhood reported record-breaking traffic on its trading platform following the debut. According to TechCrunch, the IPO is expected to make Elon Musk the world’s first trillionaire. The company’s S-1 filing revealed that SpaceX lost $4.9 billion on revenues of over $18 billion in 2025, with total losses exceeding $37 billion since inception. Elon Musk holds approximately 85.1% of the company’s voting power.
What’s reported
SpaceX priced 555.6 million shares at $135 each to raise $75 billion.
Shares opened at $150 on Nasdaq and rose to $170.82 by 1:38 pm ET.
The IPO is the largest in history, according to TechCrunch.
Elon Musk holds about 85.1% of the company’s voting power.
SpaceX lost $4.9 billion on revenues of over $18 billion in 2025.
Total losses since inception exceed $37 billion.
Robinhood reported record-breaking traffic on its platform after the debut.
The New York Times reported that 4,400 SpaceX employees could become millionaires.
Key figures
Elon Musk, founder and CEO of SpaceX
Sources: TechCrunch
