SpaceX Shatters Records: Unprecedented IPO Launches on Nasdaq
In a monumental event hailed as the most significant in recent stock market history, SpaceX commenced trading today, June 12, 2026, on the Nasdaq under the ticker symbol SPCX. The shares of the aerospace and AI behemoth, led by Elon Musk, were priced at a robust $135 per share, aiming for a staggering valuation of approximately $1.75–$1.77 trillion. This positions it as the seventh-largest U.S. company by market cap, outpacing Tesla, which holds a valuation of around $1.6 trillion.
The IPO is set to raise an estimated $75 billion through the offering of 556.6 million shares, eclipsing the previous record set by Saudi Aramco in 2019. The investor demand reportedly exceeded $250 billion, making the deal approximately 3.5 to 4 times oversubscribed. Analyst firms have already shown optimism; Oppenheimer has initiated coverage with an outperform rating and a 12-to-18-month price target of $190, suggesting a 40% gain from the IPO price.
As per the new Nasdaq rules implemented in May 2026, SpaceX could be expedited into the Nasdaq-100 index within a mere 15 trading days of its debut. This could potentially trigger about $7 billion in forced buying from index funds. Elon Musk will retain over 82% voting control post the offering. In a break from tradition, SpaceX has reserved up to 30% of IPO shares for retail investors, a significant increase from the standard 5–10%.
Source: CNBC – SpaceX sets fixed $135 IPO price for roadshow