SpaceX Shatters Records: SPCX Soars 19% in Unprecedented IPO Debut
Elon Musk’s SpaceX etched its name in the annals of stock market history on June 12, 2026. The shares of SPCX made a grand debut on the Nasdaq, marking the largest initial public offering ever recorded. The company priced its shares at a hefty $135 each, raising an impressive $75 billion. This valued SpaceX at a staggering $1.77 trillion, surpassing Saudi Aramco’s 2019 IPO as the biggest in history. The stock made a remarkable surge on its first day of trading, peaking at $176.52 before settling at approximately $161, a gain of nearly 19% over the offering price.
Major Wall Street banks J.P. Morgan, Citigroup, and Bank of America each received allocations of roughly 83 million shares. This stake was worth about $11.2 billion each at the IPO price. As of June 13, SPCX is trading at around $160.95, with a live market cap exceeding $2.1 trillion. SpaceX operates across three main business segments: Space (rocket launches), Connectivity (Starlink satellite internet, which generated 61% of 2025 revenues), and AI through its xAI unit. Elon Musk retains over 82% voting control of the company.
The IPO is more than triple the size of Alibaba’s U.S. listing, previously the largest American IPO on record. It opens the door for retail investors to participate in the space-technology revolution through platforms such as Robinhood, Fidelity, and Charles Schwab.
Source: CNBC — SpaceX IPO takeaways: SPCX closes at $161, jumping 19% after record debut