SpaceX (NASDAQ: SPCX) made a historic debut on the stock market on June 12, 2026, achieving a valuation of over $2 trillion by raising $75 billion through the sale of 555.5 million shares priced at $135 each. By the end of the first trading day, shares surged 19% to close at $160.95, with premarket trading on the following Monday pushing shares up an additional 6% toward $170.
The IPO was notable for creating an acute supply-and-demand imbalance; brokerages instituted anti-flipping restrictions that limited immediate retail resale and tightened the trading float. Additionally, insiders face staggered lock-up restrictions, maintaining tighter supply. Notably, SpaceX’s upcoming merger with Elon Musk’s AI startup, xAI, is shifting its market perception from an aerospace provider to a space-based AI compute ecosystem. SpaceX currently holds an estimated 90% to 95% of future orbital launch capacity, further solidifying its market position.
In the first quarter of 2026, SpaceX reported capital expenditures of $10.1 billion, a significant increase from $4.1 billion in the same period last year, contributing to a net loss of $4.94 billion against $18.7 billion in revenue. Analysts are divided on valuation, with targets ranging from $63 to $165, as the company navigates high costs associated with its AI pivot and orbital infrastructure.
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