SpaceX Shares Open at $150, Surpassing IPO Price by 11%, Valuing Company Over $2 Trillion as 7th Largest Globally

SpaceX commenced trading on its first day, Friday, 12 June, under the ticker SPCX at $150 per share, following its record-setting IPO as the highest-valued public offering ever.

Shortly after market open, SpaceX shares surged above $160 per share, driving the company’s market capitalization beyond $2 trillion, placing it as the 7th highest-valued company worldwide according to Companies Marketcap data.

During the opening ceremony, Elon Musk and Gwynne Shotwell, SpaceX’s President and Chief Operating Officer (COO), rang the opening bell together—Musk participating from Texas and Shotwell from the Nasdaq market in New York City.

Prior to the market debut, Musk stated in a JPMorgan Chase livestream that SpaceX has been cash flow positive since around 2015.

He explained that the primary reason for taking SpaceX public now is to raise capital for the company’s upcoming major growth phase, with key future plans including:

• Launching over 100,000 communication satellites into orbit.
• Building data centers for artificial intelligence (AI) in space.
• Investing in other large-scale technology projects related to the space and AI industries.

From rockets to AI and space-based internet business.

Elon Musk, nearing becoming the world’s first individual with a net worth of $1 trillion, largely from his stakes in SpaceX and Tesla.

SpaceX originated with the goal of revolutionizing space exploration by developing reusable rockets. However, the only clearly profitable division currently is Starlink, which provides global satellite internet services.

A turning point came in February 2026 when SpaceX acquired xAI, Musk’s AI company. This deal brought significant assets under SpaceX’s umbrella, including:

• AI data centers.
• The Grok family of AI models.
• Grok-branded chatbots and AI image generation systems.
• The social media platform X, formerly known as Twitter.

As a result, SpaceX transformed from solely a space company into a diversified group combining space, internet, social media, and AI businesses.

Accumulated losses exceeding $40 billion.

Despite its multi-trillion-dollar valuation, SpaceX’s IPO prospectus revealed cumulative net losses totaling $41.3 billion since its founding in 2002.

This figure reflects the capital-intensive nature of the business, covering rocket development, space transportation systems, satellites, AI infrastructure, and long-term projects still under development.

Nevertheless, many investors remain confident that SpaceX can convert these technologies into massive future businesses, propelling the company’s market value past $2 trillion on its first day of trading.

Source:CNBC

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