SpaceX shares begin trading in biggest IPO ever — valuing company at more than $2 trillion

SpaceX shares debuted on the Nasdaq Composite Index under the ticker “SPCX,” opening at $150 each on Friday, June 11, 2026—marking the largest initial public offering in history. The company’s valuation soared to $1.96 trillion after a 11% opening jump from its $135 IPO price, later peaking at $2.1 trillion as shares briefly hit $160. The surge instantly solidified SpaceX as one of the world’s most valuable companies and made founder Elon Musk the first trillionaire, with his net worth surpassing $1 trillion after retaining 82% ownership. The IPO included 555.6 million shares of SpaceX, which operates rocket launches, the satellite-internet service Starlink, and the AI company xAI. Demand was overwhelming, with orders exceeding available shares multiple times, including over $100 billion in retail investor purchases, according to Bloomberg. The offering surpassed Saudi Aramco’s 2019 record IPO, which raised $29.4 billion. The listing follows SpaceX’s February 2026 merger with Musk’s AI company xAI, positioning the firm as a key player in the AI-driven tech sector. Analysts like Wedbush’s Dan Ives described the move as a landmark step in the AI Revolution, with SpaceX’s public debut setting the stage for other major tech listings this year, including AI firms Anthropic and OpenAI. SpaceX’s diverse portfolio now includes its rocket operations, Starlink’s satellite internet, and the social media platform X, all contributing to its unprecedented valuation. The company’s website confirmed the IPO details, highlighting its role as a pioneer in both aerospace and AI innovation. The record-breaking debut underscores Musk’s influence in reshaping industries through high-profile public offerings.