SpaceX Completes Record $75B IPO, Closes Near $2.1T Valuation

SpaceX completed the largest initial public offering in history, raising roughly $75 billion in its Nasdaq debut under the ticker SPCX . Priced at $135 a share on June 11, the stock opened at $150 and closed its first session on June 12 at $160.95, a 19% gain that valued Elon Musk's rocket company near $2.1 trillion and briefly carried it above TSLA in intraday market value. The listing made Musk the world's first trillionaire on paper.

The momentum carried into the following week, with SPCX climbing about 20% on its first full trading day to close near $192.50. The debut caps a years-long path to public markets and gives investors their first direct stake in a company that dominates commercial launch and satellite internet through Starlink. For sentiment watchers, the offering also opens a liquid proxy for the broader space-economy theme, with vehicles such as the ARK Space Exploration & Innovation ETF (ARKX) offering more diversified exposure to the sector .

The early pop comes with a clear caveat: the public float is small relative to SpaceX's total share count, and several analysts warn the price may be amplified by scarce supply rather than fundamentals . Index inclusion over the coming months could add demand, but the expiration of insider lock-up periods could just as easily flood the market with shares and pressure the stock. Investors will be watching how the valuation holds as float expands and as the company's reported losses are weighed against its launch and Starlink growth.