SpaceX Debuts on Nasdaq, Opens 11% Above IPO Price

SpaceX made its public-market debut on Friday under the ticker SPCX on Nasdaq after completing the largest IPO ever.

The company raised $75 billion through the sale of 555.6 million shares priced at $135 each. At that price, SpaceX is valued at approximately $1.77 trillion, making it the seventh-largest listed company in the United States by market value. Reports indicated investor orders exceeded $250 billion, far above the $75 billion on offer.

SpaceX shares opened at $150 on Nasdaq, about 11% above the IPO price of $135 per share. The stock extended its gains and climbed above $160 in early trade. SPCX was trading at $160.84 on Nasdaq at 21:39 IST, up 19.14%.

What Are the Key Details of the SpaceX IPO?

SpaceX is trading on Nasdaq under the symbol SPCX.

Its registration statement was filed with the US Securities and Exchange Commission on May 20, 2026. The company subsequently fixed the IPO price at $135 per share on June 3. It later fixed the offer price at $135 per share on June 3.

The IPO involved the sale of 555.6 million shares and raised $75 billion.

Retail investors received about 30% of the shares on offer. In most large IPOs, the allocation for individual investors is usually in the 5% to 10% range.

SpaceX has adopted a dual-class share structure. After the listing, Musk will continue to hold roughly 82% of the company's voting rights.

Investor demand far exceeded the size of the offering. Reports indicated that the IPO was nearly four times oversubscribed before final pricing.

*Price as of 12:07 PM GMT-4 on 12 June 2026.

Why Is SpaceX Commanding Such a High Valuation?

Ahead of the IPO, Musk said future plans of the company include deploying more than 100,000 satellites for communications and building artificial-intelligence data centres in space.

The company has also expanded beyond its traditional rocket business. In February 2026, SpaceX acquired xAI. The deal brought xAI's data centres, Grok AI models, chatbot technology and social media platform X into the group. Musk later said the business would be fully integrated and rebranded as SpaceXAI.

Starlink remains the company's strongest commercial operation. According to company disclosures, Starlink grew from one million subscribers in December 2022 to more than eight million active customers by late 2025. Starlink brought in $7.7 billion of revenue in 2024. That was equal to about 58% of SpaceX's total revenue for the year.

How Strong Are SpaceX's Financials?

Company filings show SpaceX generated $18.67 billion in revenue during 2025, while adjusted EBITDA came in at $6.58 billion. For the first quarter of 2026, revenue stood at $4.7 billion.

Despite its scale, SpaceX reported an operating loss of $1.9 billion in the first quarter of 2026 and disclosed in its prospectus that it has accumulated a total deficit of $41.3 billion since its founding in 2002.

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Musk said the company has been cash-flow positive since around 2015, even as it continues to invest heavily in future growth initiatives.

Reports suggest around 4,400 employees could benefit from the listing, while roughly 400 may hold stock worth more than $100 million after the public debut.

Sources:

Moneycontrol

CNBC

Financial Express