SpaceX Shares Surge 20% During Nasdaq Debut
SpaceX shares opened trading at $150 and closed up 20% on their Nasdaq debut after pricing at $135 per share, raising $75 billion. The IPO's total raised amount is the largest ever, and the debut offers public investors access to a key player in the commercial space industry, as reported by CoinDesk.
What Happened
SpaceX shares began trading on Nasdaq under the ticker SPCX on June 12, 2026, opening at $150 after a record-setting initial public offering (IPO) priced at $135 per share. The company successfully raised $75 billion, making it the largest IPO in history. Following a volatile start, shares rose 20%, reaching $162 shortly after the opening.
Why It Matters
This IPO marks a significant milestone for SpaceX, which has reshaped the aerospace industry with its reusable rockets and extensive satellite network via Starlink. As of its last fiscal year, the company generated approximately $19 billion in revenue from launch services, government contracts, and its satellite internet operations. Moreover, public investors are also gaining exposure to SpaceX's substantial investment in Bitcoin, as the company held 18,712 Bitcoin valued at roughly $1.2 billion at current market rates.
SpaceX's entry into the public market is noteworthy because it highlights the growing interest in the private space sector and provides a unique investment opportunity in a technology-driven industry. This IPO not only gives SpaceX access to a broader range of capital but also offers investors a chance to participate in a market that is expected to grow significantly in the coming years.
What to Watch
As the stock settles in the coming days, market participants will monitor the performance of SPCX shares and SpaceX’s operations in the competitive space industry. Furthermore, investors may look closely at how the stock's profitability and revenue growth evolve, especially in light of growing demand for satellite internet services and advancements in space technology.
Summary based on original reporting by Helene Braun at CoinDesk, originally published Jun 12, 2026. SolanaWire does not republish source content.
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