Elon Musk’s SpaceX made its long-awaited stock market debut today on the Nasdaq under the ticker SPCX, pricing its IPO at $135 per share — making it the largest IPO in history. The stock opened at $150, already an 11% jump from the offering price, and quickly climbed further, hitting a session high of $168.75 — a gain of over 25% from the IPO price within hours of trading.
The listing values SpaceX at roughly $2 trillion at its peak intraday price, putting it in the same conversation as the world’s most valuable companies. The offering was led by Goldman Sachs, and demand from institutional and retail investors far exceeded expectations, with trading volume surpassing both the QQQ and SPY ETFs in dollar terms during the session.
Founded by Elon Musk in 2002, SpaceX designs and launches reusable rockets, operates the Starlink satellite internet network serving over 8 million subscribers, and is developing the Starship system for deep-space exploration. With today’s historic debut, the company transitions from Silicon Valley’s most valuable private startup to a publicly traded giant — and SPCX is already one of the most-watched tickers on Wall Street.
