SpaceX made its public market debut on 12 June 2026, opening at 150 dollars after pricing at 135 dollars and briefly trading above 176 dollars before closing 19% higher. The Nasdaq listing valued the company near 2.3 trillion dollars intraday and turned Elon Musk’s stake into paper wealth some outlets now peg above 1 trillion dollars.
The float is tight, demand was oversubscribed, and that combination amplified the first-day move. For aerospace investors, the message is direct: SpaceX is no longer priced as a private moonshot, and the market will now test whether its launch cadence, satellite economics, and capital intensity can support that valuation.