SpaceX Begins Trading on Nasdaq Under Ticker SPCX After Largest IPO in History

Rhea-AI Summary

SpaceX (Nasdaq: SPCX) began trading on Nasdaq after completing the largest IPO in history, surpassing Saudi Aramco’s 2019 listing. The IPO priced at $135.00, selling about 555.6 million shares to raise roughly $75 billion and valuing the company near $1.77 trillion.

The first trade occurred at $150.00, around 11% above the IPO price, with shares reaching an intraday high of $175.50, about 30% above the offer. Reported demand exceeded $250 billion, with roughly 30% of the deal allocated to retail investors.

AI-generated analysis. Not financial advice.

Positive

• IPO raised about $75 billion from roughly 555.6 million shares
• Implied IPO valuation around $1.77 trillion at the offer price
• First trade at $150, about 11% above the $135 IPO price
• Intraday high of $175.50, roughly 30% above the IPO price
• Reported investor demand above $250 billion, over four times subscribed
• Retail investors reportedly received about 30% of the IPO allocation

Negative

• Dual-class share structure with Class B carrying 10 votes per share
• Elon Musk retains a substantial majority of voting power post-IPO
• Underwriters hold 30-day option for up to 83 million additional shares

News Market Reaction – SPCX

+632.98% 113800.0x vol

86 alerts

+632.98% News Effect

+17.7% Peak in 1 hr 22 min

+$1992.80B Valuation Impact

$2.31T Market Cap

113800.0x Rel. Volume

On the day this news was published, SPCX gained 632.98%, reflecting a significant positive market reaction. Argus tracked a peak move of +17.7% during that session. Our momentum scanner triggered 86 alerts that day, indicating high trading interest and price volatility. This price movement added approximately $1992.80B to the company's valuation, bringing the market cap to $2.31T at that time. Trading volume was exceptionally heavy at 113800.0x the daily average, suggesting very strong buying interest.

Data tracked by StockTitan Argus on the day of publication.

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STARBASE, Texas, June 12, 2026 – Space Exploration Technologies Corp. (Nasdaq: SPCX), the space technology, satellite communications, and artificial intelligence company known as SpaceX, began trading today on the Nasdaq Stock Market under the ticker symbol SPCX. The listing follows the completion of the largest initial public offering in history, surpassing the previous record set by Saudi Aramco's 2019 listing.

The first trade printed at approximately 11:46 a.m. Eastern Time at $150.00 per share, about 11% above the initial public offering price of $135.00 per share, after Nasdaq's opening auction extended through the morning amid heavy order flow.

Offering Details

The offering priced on Thursday, June 11, 2026 at a fixed price of $135.00 per share. The company sold approximately 555.6 million shares, raising about $75 billion before underwriting discounts and expenses and valuing the company at approximately $1.77 trillion at the offering price. Underwriters were granted a 30-day option to purchase up to approximately 83 million additional shares at the IPO price.

Goldman Sachs acted as lead book-running manager for the offering, with Morgan Stanley, Bank of America, Citigroup, and J.P. Morgan among the book-running managers of the underwriting syndicate.

According to media reports, the order book was more than four times oversubscribed, with total investor demand reported to have exceeded $250 billion, and books closed one day ahead of schedule. Retail investors reportedly received an allocation of approximately 30% of the offering, a larger share than the 5% to 10% typical of large U.S. listings.

First Session Trading

Key figures from the opening session:

• IPO price: $135.00 per share
• Opening trade: $150.00 at approximately 11:46 a.m. ET, up about 11% from the IPO price
• Shares moved above $160.00 shortly after the open, lifting market capitalization above $2 trillion
• Intraday high of $175.50, approximately 30% above the IPO price, reached in early afternoon trading

Figures reflect the trading session in progress at the time of publication and are preliminary.

Structure and Use of Proceeds

According to the company's registration statement, SpaceX lists under a dual-class share structure in which Class B shares carry ten votes per share. Chief Executive Officer Elon Musk did not sell shares in the offering and retains control of a substantial majority of the company's voting power.

The registration statement identifies the expansion of AI compute infrastructure as the first listed use of proceeds, alongside continued development of the Starship launch system and expansion of the Starlink satellite network.

About SpaceX

Space Exploration Technologies Corp., founded in 2002 and headquartered in Starbase, Texas, designs, manufactures, and launches reusable rockets and spacecraft, operates the Starlink satellite constellation, and develops the Grok family of AI models. The company completed an all-stock combination with the AI company xAI, including the X platform, in February 2026, and reports its results through three segments: Space Launch, Connectivity, and AI.

This article is provided for informational purposes only and is based on publicly available information as of the time of publication. It does not constitute an offer to sell or a solicitation of an offer to buy any securities, and it is not investment, financial, or trading advice. First-session trading figures are preliminary and subject to change.

FAQ

How large was the SpaceX (SPCX) IPO on Nasdaq?

The SpaceX IPO raised about $75 billion by selling roughly 555.6 million shares at $135 each. According to SpaceX, this offering valued the company at approximately $1.77 trillion, making it the largest initial public offering in history by proceeds raised.

At what price did SpaceX (SPCX) shares start trading on June 12, 2026?

SpaceX shares first traded at $150.00, around 11% above the IPO price of $135.00. According to SpaceX, the Nasdaq opening auction extended through the morning amid heavy order flow before the first trade printed at approximately 11:46 a.m. Eastern Time.

What was the first-session trading range for SpaceX (SPCX) stock after its IPO?

During the first session, SpaceX shares opened at $150 and reached an intraday high of $175.50, about 30% above the IPO price. According to SpaceX, shares moved above $160, temporarily lifting market capitalization above $2 trillion; figures are preliminary.

How strong was investor demand for the SpaceX (SPCX) IPO?

Investor demand for the SpaceX IPO reportedly exceeded $250 billion, more than four times the deal size. According to public reports cited by SpaceX, the order book was over four times oversubscribed and books closed one day earlier than initially scheduled due to demand.

How much of the SpaceX (SPCX) IPO went to retail investors?

Retail investors reportedly received about 30% of the SpaceX IPO allocation. According to public reports cited by SpaceX, this retail share is higher than the typical 5%–10% allocation seen in large U.S. listings, indicating broader individual investor participation in the offering.

What is SpaceX (SPCX) planning to do with its IPO proceeds?

SpaceX plans to use IPO proceeds primarily to expand its AI compute infrastructure, continue development of the Starship launch system, and grow the Starlink satellite network. According to SpaceX’s registration statement, AI infrastructure is listed as the first use of funds.

What is the share structure and voting control at SpaceX (SPCX) after the IPO?

SpaceX lists with a dual-class share structure, where Class B shares carry ten votes each. According to SpaceX, CEO Elon Musk did not sell shares in the IPO and retains control of a substantial majority of the company’s overall voting power.