SpaceX debuts on Nasdaq with 28% surge, valued at $2.3 trillion

SpaceX made a spectacular debut on the Nasdaq stock exchange on June 12, 2026, with its shares surging 28% by midday and valuing the company at an astonishing $2.3 trillion. This marks the largest initial public offering (IPO) in history, reflecting strong investor appetite for technology and artificial intelligence ventures.

The aerospace giant, founded by Elon Musk, opened at $150 per share, an 11% increase from its initial public offering (IPO) price of $135. The stock's value quickly climbed to $172.96, pushing its market capitalization to approximately $2.3 trillion. This valuation surpasses the $25.6 billion raised by Saudi Aramco in its 2019 IPO, establishing a new record for capital raised.

With this listing, SpaceX joins the ranks of major U.S. technology companies like Nvidia, Alphabet, Apple, Microsoft, and Amazon. The IPO significantly boosts the wealth of its founder, Elon Musk, who was already the world's richest person. His stake in SpaceX alone is now valued at around $690 billion, adding to his estimated $279 billion in Tesla holdings.

From Starbase, Texas, Musk reiterated SpaceX's mission to develop technology enabling humanity to become a "multi-planetary civilization" and allow individuals to travel to the Moon, Mars, and beyond. Meanwhile, in New York, SpaceX President Gwynne Shotwell rang the opening bell at the Nasdaq market, celebrating the company's historic achievement amidst cheers from employees and onlookers.

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SpaceX seeks to develop the technology necessary to make humanity a "multi-planetary civilization" and "make it possible for anyone to travel one day to the Moon, Mars or even beyond the solar system."