SpaceX Shares Soar Past USD2T in Historic Nasdaq Debut
Shares of Space Exploration Technologies Corp., listed under the ticker "SPCX," closed at 160.95 dollars, a gain of 19.2 percent above their IPO price of 135 dollars.
At the closing bell, SpaceX commanded a market capitalization of approximately 2.11 trillion dollars, up from roughly 1.77 trillion dollars at its offering price. The company priced 555.6 million Class A shares at 135 dollars each, generating around 75 billion dollars in gross proceeds.
Based on recent market capitalization rankings, the closing valuation placed SpaceX approximately sixth globally — behind Nvidia, Alphabet, Apple, Microsoft, and Amazon, but ahead of Taiwan Semiconductor Manufacturing Co., Broadcom, Saudi Aramco, Meta, and Tesla.
Shares opened at 150 dollars, already well clear of the offer price, as investors rushed to participate in one of the most eagerly anticipated listings in recent years. At its intraday peak, SpaceX's market value briefly eclipsed 2.2 trillion dollars, according to market data.
The debut represents a landmark test of investor appetite for high-growth companies operating at the intersection of space, satellite internet, and artificial intelligence — while also giving public-market investors their first direct stake in one of Musk's flagship enterprises alongside Tesla.
The listing surpassed Saudi Aramco's 2019 offering, long considered the largest share sale on record, even as questions persist around SpaceX's capital requirements, path to profitability, and Musk's sprawling influence across multiple ventures.
Founded by Elon Musk in 2002, SpaceX has grown from a commercial launch provider into a full-spectrum aerospace and communications powerhouse, built around its Falcon rocket family, the Starlink satellite internet network, and long-term ambitions to send humans to Mars.
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