SpaceX stock jumps nearly 20% following largest IPO ever

June 12, 2026 - 21:57

SpaceX (SPCX) began trading on public markets Friday, immediately shattering records as the largest initial public offering in history. Shares of the aerospace company jumped nearly 20% in the first hours of trading, pushing the valuation well past initial expectations.

The IPO, which priced at $85 per share late Thursday, opened at $102 and climbed steadily through the morning session. Analysts had predicted strong demand, but the scale of the surge caught many on Wall Street off guard. The offering raised over $25 billion, surpassing previous records held by Alibaba and Saudi Aramco.

Investors have long awaited a chance to buy into SpaceX, which has dominated the commercial space industry with its reusable rocket technology and Starlink satellite internet network. The company's valuation now sits at roughly $180 billion, making it one of the most valuable publicly traded companies in the United States.

Founder Elon Musk, who remains the largest shareholder, did not comment on the first-day performance. However, sources close to the company say the strong reception reflects confidence in SpaceX's long-term goals, including its Starship program and plans for Mars missions.

The stock closed Friday at $101.50, up 19.4% from the IPO price. Trading volume was exceptionally high, with more than 120 million shares changing hands. Market watchers expect continued volatility in the coming weeks as institutional investors adjust their positions.