Event
SpaceX opened trading on the Nasdaq on 11 June 2026 at $150 per share, following a record-breaking initial public offering priced at $135. The company raised $75 billion, valuing it at approximately $1.77 trillion and making CEO Elon Musk the world’s first trillionaire on paper. The stock rose 27% to $172 in early trading. The debut coincided with modest gains in US equity markets and a drop in oil prices, as investors assessed reports of a potential interim peace deal between the US and Iran.
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The historic listing values the company at approximately $1.77 trillion, while broader markets rise on diplomatic breakthroughs and stronger consumer sentiment data.
The rocket giant’s $75 billion listing coincides with diplomatic breakthroughs in the Middle East, sending crude prices lower and Asian indices higher as Wall Street navigates a record-breaking debut.
The rocket giant raises $75 billion at $135 per share, while reports of a potential US-Iran interim deal send crude prices lower and Asian markets higher.
Background
SpaceX commenced trading on the Nasdaq on 11 June 2026 under the ticker symbol SPCX, following a record-breaking initial public offering (IPO) priced at $135 per share. The company raised approximately $75 billion, establishing an initial market capitalisation of around $1.77 trillion. Shares opened at $150, an 11% premium to the IPO price, and rose as much as 27% to $172 in early trading. The debut coincided with modest gains in US equity markets and a drop in oil prices, driven by reports of a potential interim peace deal between the US and Iran aimed at reopening the Strait of Hormuz. CEO Elon Musk’s stake in SpaceX, valued at approximately $869.4 billion at the IPO price, combined with his Tesla holdings, positions him as the world’s first trillionaire on paper, with a combined net worth of roughly $1.15 trillion. Musk retains control of the company through 85 percent of the voting shares.
SpaceX commenced trading on the Nasdaq on 11 June 2026 under the ticker symbol SPCX, following a record-breaking initial public offering (IPO) priced at $135 per share. The company raised approximately $75 billion, establishing an initial market capitalisation of around $1.77 tri
Fact cards
Key entities: SpaceX, Elon Musk, Nasdaq, US, Iran, Dow Jones Industrial Average, S&P 500, Nasdaq Composite.
What was the IPO price for SpaceX shares? $135 per share. How much capital did SpaceX raise during its debut? Approximately $75 billion. What is the current valuation of SpaceX following the IPO? Around $1.77 trillion. Why did oil prices fall on Friday? Markets reacted to reports
11 June 2026: SpaceX shares commence trading on the Nasdaq at $150 per share, following an IPO priced at $135. 11 June 2026: SpaceX raises approximately $75 billion, valuing the company at around $1.77 trillion. 11 June 2026: Shares rise up to 27% to $172 in early trading before
Timeline
SpaceX shares commence trading on the Nasdaq at $150 per share, following an IPO priced at $135.
SpaceX raises approximately $75 billion, valuing the company at around $1.77 trillion.
Shares rise up to 27% to $172 in early trading before settling around $166.
US and Iranian officials indicate progress toward an interim peace deal to reopen the Strait of Hormuz.
Oil prices drop as markets react to the potential US-Iran deal; US equity markets post modest gains.
FAQ
$135 per share.
Approximately $75 billion.
Around $1.77 trillion.
Markets reacted to reports that the United States and Iran were nearing an interim peace deal to reopen the Strait of Hormuz.
The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite.