SpaceX Jumps 22% in Record IPO, Hitting $2 Trillion as S&P 500 Gains 0.5%
Updated
Updated · Reuters · Jun 12
SpaceX Jumps 22% in Record IPO, Hitting $2 Trillion as S&P 500 Gains 0.5%
3 articles · Updated · Reuters · Jun 12
Summary
SpaceX opened at $163 versus a $135 IPO price, lifting its valuation above $2 trillion in Wall Street’s biggest public listing and placing it among the largest U.S. companies.
Only 3% to 4% of shares are expected to trade, and investors treated the debut as a test of whether markets could absorb a huge AI- and space-linked offering without broader stress.
Rocket Lab fell 9.1%, Intuitive Machines dropped 13.4% and Planet Labs lost 10.2% after rallying ahead of the listing, while Tesla slipped 2% and Fundrise Innovation Fund rose 3.3%.
The S&P 500 rose 0.51% and the Dow gained 0.76% as hopes for a near-term Middle East deal improved risk appetite, though U.S. equity funds posted their first weekly outflow in three weeks.
With its focus now on AI, can SpaceX's speculative new business justify its record-breaking $1.77 trillion valuation?
Is the massive SpaceX IPO the peak of the AI stock market bubble or the start of a new technological era?
Will the potential U.S.-Iran deal permanently stabilize oil prices, or is it another temporary fix for the global economy?
SpaceX’s $75B IPO Shatters Records: AI, Starlink, and the New Tech Market Bellwether
Overview
On June 12, 2026, SpaceX made history with its record-breaking IPO on the Nasdaq, raising $75 billion and instantly becoming one of the world’s most valuable public companies. This offering more than doubled the previous global IPO record and pushed SpaceX ahead of Tesla in market value, placing Elon Musk on the verge of becoming the world’s first trillionaire. The company’s strong revenue growth, driven by its expanding Starlink satellite internet business and dominance in commercial space launches, highlights SpaceX’s transformation into a leader at the intersection of space, technology, and artificial intelligence.