SpaceX shares expected to surge nearly 30% in historic stock market debut

SpaceX is set for a monumental entry into the stock market, with its shares anticipated to debut on the Nasdaq at over $170, a significant increase of nearly 30% from its issue price of $135. This valuation would place the company at an astonishing $1.77 trillion, positioning it among the most valuable corporations in the United States and potentially making Elon Musk the world's first trillionaire, at least on paper.

Elon Musk, reflecting on the company's humble beginnings in a California warehouse, shared a lighthearted anecdote, stating he would have thought someone was on "really good crack" if they had predicted such a successful IPO years ago. SpaceX, founded in 2002, has become the leading private space exploration firm globally, conducting more missions annually than all other public and private entities combined.

The company's reusable Falcon 9 rocket is a workhorse, with 165 launches recorded in 2025 alone, serving clients like NASA, the U.S. Department of Defense, and private satellite operators. SpaceX is also advancing its ambitious Starship project, a heavy-lift rocket and spacecraft designed for future missions to the Moon and Mars. Although a recent test flight of an upgraded Starship version did not meet all objectives, the company is pressing forward.

Beyond rocket launches, SpaceX is developing AI data centers in orbit and operates Starlink, the world's largest satellite internet provider with over 10,000 satellites and ten million users. This profitable venture contributes substantially to the company's revenue. In a significant move in February 2026, Musk merged SpaceX with his AI developer xAI, which also encompasses the social media platform X (formerly Twitter), in a deal valued at $1.25 trillion, the largest corporate merger in history. Musk's extensive business empire also includes Tesla, Neuralink, and The Boring Company.

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