SpaceX officially made its public market debut on Friday, June 12, completing a massive listing process that shattered financial expectations. The aerospace giant is now officially trading on the Nasdaq under the ticker symbol SPCX.
A public offering had been rumored for years, with momentum picking up after SpaceX submitted its initial Form S-1 prospectus to regulators late last month. Following that filing, the official investor roadshow kicked off last week and built up a massive backlog of institutional and retail interest before the final numbers were locked in.
The final subscription price was made official on Thursday afternoon. SpaceX announced in an update that all systems were go for an IPO with a $135 price per share.
Record-Breaking Demand and Capital Raised
The details outlined in the official pricing declaration show that SpaceX sold 555,555,555 shares of its Class A common stock at that $135 public offering price. This initial block successfully raised roughly $75 billion in gross proceeds before factoring in underwriter options.
The demand from the market was overwhelming. The offering was reportedly nearly 5x oversubscribed, drawing in more than $350 billion in total order demand from institutional groups and everyday investors. SpaceX also emphasized retail participation for this launch, allocating a large block of shares to consumer-facing investment apps like Robinhood and SoFi to let individual fans buy in early. Elon Musk and other SpaceX executives celebrated the company's listing in a launch event broadcasted live from Starbase:
.@SpaceX listing day is here. Watch live. $SPCX https://t.co/VTXg0N2TBc
— Nasdaq (@Nasdaq) June 12, 2026
Due to the extreme backlog of buy orders, the stock bypassed its initial price point the moment it started trading on Friday. Trading opened on the Nasdaq at around $150 per share. At the time of writing, the stock price has already jumped more than 25% to sit at $170 per share, pushing SpaceX’s market capitalization to a staggering $2.2 trillion. This surge has made SpaceX the sixth most valuable corporation on Earth, debuting ahead of Saudi Aramco, silicon giant TSMC, and even Tesla.
I love the incredible people of SpaceX beyond words
— Elon Musk (@elonmusk) June 12, 2026
The Tesla Merger Myth and Future Roadmap
Tesla investors have a direct stake in this historic market debut. Tesla officially owns 18,990,195 Class A common shares of SpaceX, an equity position that was secured when the latter acquired Musk’s AI startup, xAI. The two entities also share manufacturing ties, partnering with Intel for the TERAFAB AI chip project to establish the world’s most advanced semiconductor factory.
The listing naturally reignited speculation of a Tesla-SpaceX (or SpaceX-Tesla, given the new market cap pecking order) merger. During a recent interview with CNBC at Starbase, SpaceX President Gwynne Shotwell addressed the possibility of an eventual merger with Tesla down the road.
"That might make Elon’s life a little easier,” she remarked. “There’s no question that there are synergies between Tesla and SpaceX and our futures. […] There’s a convergence of what we’re all trying to accomplish in the future, but right now I’m focused on keeping the lights on here, keeping rockets in production, flying rockets, flying people, and critically providing broadband [to people] that don’t have access to to that critical capability. I’m really focused on that. I’m not focused on that [merger] part of the future."
Gwynne says she is not focussed on a potential Tesla / SpaceX merger. https://t.co/ncl6LOKTh5 pic.twitter.com/YIxYmY7Rfz
— Robin (@xdNiBoR) June 12, 2026
With the IPO capital secured, SpaceX’s near-term commercial goals focus on scaling physical infrastructure across launch capabilities, satellite connectivity, orbital payload services, and terrestrial AI compute, alongside long-term ambitions like space-based data centers, colonizing Mars, and even asteroid mining.
