SpaceX (SPCX) Stock Skyrockets in Post-IPO Trading Frenzy
Just a week after orchestrating the largest initial public offering in stock market history, SpaceX continues to make waves in the financial world. Now officially trading on the Nasdaq under the ticker SPCX, the company’s IPO was priced at a hefty $135 per share on June 11, 2026. The following day, it debuted with a spectacular 19% first-day gain, closing at $160.95 and catapulting Elon Musk’s rocket and AI conglomerate to an approximate valuation of $2.1 trillion.
The offering raised an astounding $75 billion, shattering all previous IPO records, including Saudi Aramco’s $29 billion raise in 2019. Since its debut, the stock has experienced highs of $225.64 and a current trading range around $174–$192. This reflects the high volatility as retail and institutional investors vie for position. In an unusual move for a megacap debut, SpaceX reserved approximately 30% of public shares for retail investors through platforms like Robinhood, Fidelity, and Charles Schwab.
In early 2026, SpaceX expanded its business horizons by folding AI company xAI (which had previously acquired X) into its AI division. This move broadened its business beyond rockets and satellites, and into the thriving artificial intelligence sector. Analysts at Goldman Sachs project that SpaceX could reach a staggering $474 billion in revenue by 2030. The IPO was spearheaded by Goldman Sachs, with SpaceX President and COO Gwynne Shotwell ringing the Nasdaq opening bell on debut day.
Source: CNBC – SpaceX IPO: SPCX closes at $161, jumping 19% after record debut