Markets / 1 MIN READ
Shares begin trading under ticker SPCX after pricing at $135, giving the company an implied market value well below $2.4 trillion.
Market data
Current live odds
SpaceX Makes Public Debut With Record $75 Billion IPO
SpaceX launched its initial public offering on June 11, 2026, pricing 555 million shares at $135 each in the world's largest IPO, raising $75 billion. The stock began trading on the Nasdaq on June 12 under the ticker SPCX, with an implied market capitalization of approximately $1.77 trillion.
The pricing, first reported by Reuters and confirmed by The New York Times, exceeded the company's earlier target range and valued the rocket builder at a level that still leaves it far short of the $2.4 trillion threshold that some prediction market contracts are tracking.
SpaceX's public listing comes after years of anticipation and follows its dominance in commercial space launches and the Starlink satellite internet business. The IPO was one of the most heavily oversubscribed in history, according to CNBC's live coverage.
By midday on its first trading day, shares were volatile but remained near the IPO price. The final closing market cap will be determined by the stock's closing price on June 12.
The key development to watch is whether the stock climbs enough to approach the $2.4 trillion market cap level. As of midday, that outcome remains unlikely based on the IPO price valuation.
Markets / 1 MIN READ
A sharp drop below $77,000 triggered by rising Treasury yields and geopolitical jitters tested the $72,000-to-$73,500 zone, but the digital asset has since steadied near $77,000.
Markets / 1 MIN READ
The National Weather Service recorded a high near 60 degrees Fahrenheit at Central Park, more than 15 degrees below the seasonal average.
Markets / 1 MIN READ
The company holds 65% of public-company Bitcoin reserves, and a sale done on an accretive basis would mark a historic pivot from its long-held accumulation strategy.