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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InSpaceX stock surged more than 19% on its first day of trading after the company successfully priced its historic Initial Public Offering (IPO) at $135 per share. The company raised a record-breaking $75 billion through the offering, signaling massive institutional demand. This strong debut is underpinned by the company's projections of a total addressable market reaching $28.5 trillion.
This listing places SpaceX in a dominant position relative to aerospace and defense peers, with its market valuation now eclipsing industry giants like Boeing and Lockheed Martin per market data. Compared to previous mega-cap IPOs, SpaceX's capital raise represents the largest in history, surpassing the $25.6 billion record set by Saudi Aramco in 2019 (according to Bloomberg reports).
At the close of June 12, 2026, the stock maintained its upward momentum as investors focused on the company's leadership in commercial space flight. Looking ahead, traders will be watching the Fed's Barr speech on June 16, 2026, for its potential impact on growth stock valuations, alongside any upcoming announcements regarding new satellite deployment contracts.
Update: The stock recorded an opening price of $150, reflecting an immediate premium over the IPO price, and extended its gains in after-hours trading on Friday evening to surpass the $166 level. These movements demonstrate sustained buying momentum from investors even after the conclusion of the first official trading session.
Update: The stock debuted on the Nasdaq with an opening price of $150, significantly higher than its initial IPO pricing. Elon Musk further fueled investor enthusiasm by aligning the company's growth narrative with AI technology, successfully broadening the stock's appeal to tech-sector investors.