SpaceX’s Record-Breaking IPO: A Leap from $135 to $170
Elon Musk’s SpaceX (Nasdaq: SPCX) has made one of the most electrifying stock market entrances in history. The company officially launched its initial public offering on June 12, 2026, priced at $135 per share. Surprisingly, it surged nearly 20% on its first day, closing at $160.95. By June 15, shares climbed further to trade around $177.99 — more than 30% above the IPO price.
On June 15, SpaceX finalized its IPO by exercising the full underwriters’ overallotment option. This move raised the total proceeds to approximately $85.7 billion from 638.9 million shares of Class A common stock. This historic event cemented SpaceX’s place as the largest IPO in stock market history. The post-IPO market capitalization stands at roughly $2.28 trillion, making SpaceX one of the most valuable publicly traded companies on the planet.
SpaceX operates across three major segments:
- Space launches
- Starlink satellite connectivity
- AI via its xAI subsidiary
Interestingly, Starlink generated 61% of total 2025 revenue. Wedbush analyst Dan Ives called the debut “an important moment for the broader tech sector.” Analysts set a 12-month average price target of $164, with bullish projections from ARK Invest reaching as high as $3.1 trillion by 2030.
Source: CNBC – SpaceX IPO SPCX Live Updates