SpaceX shares open at $150, above IPO price of $135

SpaceX shares experienced a significant surge on their market debut, opening at $150 per share, a notable increase from the initial public offering (IPO) price of $135. The stock later climbed to $164, propelling the Elon Musk-led company to become the sixth-largest U.S. firm by market capitalization. The IPO generated massive interest from both retail and institutional investors, underscoring the company's ambitious plans to establish orbital data centers and advance the AI battle in space.

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SpaceX is about taking fiction out of science fiction.

Through the IPO, SpaceX successfully raised $75 billion by selling nearly 556 million shares at $135 each, achieving a valuation of $1.77 trillion. This listing places SpaceX among an elite group of companies valued at over a trillion dollars and marks it as the first U.S. company to list with such a high valuation. Company president Gwynne Shotwell rang the market opening bell, while Musk participated virtually from Texas. The stock is trading on Nasdaq under the ticker SPCX, allowing for public trading.

Founded 24 years ago by Musk, SpaceX is at the forefront of space exploration, with aspirations ranging from establishing a multiplanetary civilization to developing data centers in space. Musk articulated the company's mission during the opening bell ceremony, stating, "SpaceX is about taking fiction out of science fiction." He emphasized that other companies are not pursuing technologies that would "make life multiplanetary."

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other companies were not working on technology that would "make life multiplanetary".

Musk reflected on the company's early days, admitting he gave SpaceX "less than 10% chance of succeeding at all." He explained his motivation was to ensure a new company entered the space sector, stating, "if there's not a new company that enters space, we will never be a truly space-beating civilisation." The prospectus highlights SpaceX's integrated hardware and software infrastructure across space, connectivity, and AI, noting the acquisition of its AI unit, xAI, in early 2026 and its rapidly scaling compute infrastructure. The company is also planning a chip manufacturing initiative with Tesla and Intel.

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I gave SpaceX less than 10% chance of succeeding at all. To be clear, in fact, Itold people this. I said, look, we're probably going to fail, but you know, should give it a try bvecause if we don;y, if there's not a new company that enters space, we will never be a truly space-beating civilisation.