Following its IPO price of $135, the stock surged past $160 amid market volatility.
By Helene Braun|Edited by Jamie CrawleyUpdated Jun 12, 2026, 3:58 p.m. Published Jun 12, 2026, 3:55 p.m. 1 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on (Unsplash)SummaryShow- Shares of SpaceX climbed 20% shortly after trading began on Friday.
- The stock trades under the SPCX ticker and was initially priced at $135 per share, generating $75 billion and valuing the firm at approximately $1.8 trillion.
- Bitcoin remained stable, while cryptocurrencies linked to AI saw positive movement.
SpaceX shares commenced trading at $150 on Friday, quickly reaching $162, indicating a robust start for one of the most anticipated IPOs in recent memory.
The aerospace and satellite internet firm set its IPO price at $135 per share on Thursday, selling 555.6 million shares and raising $75 billion, marking the largest IPO to date.
Bitcoin BTC$63,816.57 was relatively unchanged at around $63,400, while stocks associated with AI showed slight increases.
Trading on Nasdaq with the SPCX ticker, the company was valued at approximately $1.8 trillion based on the IPO valuation.
This market entry offers investors their first opportunity to buy shares in a company that has transformed the commercial space sector with reusable rockets and established one of the largest satellite networks globally through Starlink. The satellite internet service is a significant growth driver, catering to clients in remote regions where conventional broadband is often inaccessible.
Last year, SpaceX generated around $19 billion in revenue from launch services, government contracts, and Starlink operations.
Investors also gain access to one of the largest bitcoin portfolios among publicly traded firms, with SpaceX holding 18,712 bitcoin as of March 31, according to company records. At the current bitcoin price of about $63,500, these assets are valued at nearly $1.2 billion.
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