SpaceX stock jumps nearly 30% following largest IPO ever

June 12, 2026 - 23:45

SpaceX (SPCX) began trading on public markets Friday, and investors wasted no time pushing the stock sharply higher. Shares of the aerospace company surged nearly 30 percent in the first hours of trading, capping what is now the largest initial public offering in history.

The company, founded by Elon Musk, raised over $25 billion in its IPO, surpassing previous records set by Alibaba and Saudi Aramco. The offering priced at $85 per share late Thursday, but opened at $110 on Friday morning before climbing further. By midday, SPCX was trading around $112, giving the company a market valuation exceeding $200 billion.

Analysts attributed the strong demand to SpaceX's dominant position in satellite internet and deep-space transport. The company's Starlink division, which provides broadband from low Earth orbit, now has more than 2 million active subscribers. Meanwhile, its Starship program has secured contracts with NASA for lunar missions and is seen as a key player in future Mars exploration.

Retail and institutional investors alike piled into the stock, with many viewing SpaceX as a rare opportunity to buy into a proven space economy leader. "This is not a speculative bet on rockets," said one fund manager. "This is a company with real revenue, real infrastructure, and a clear path to expansion."

The IPO also drew attention for its unusual structure. SpaceX offered both Class A and Class B shares, with the latter carrying ten times the voting power, ensuring Musk retains control of the company. Some governance experts raised concerns, but the market's enthusiasm appears undimmed.

Trading volume on Friday was among the highest for any IPO day in U.S. history. With the stock now trading well above its offering price, early investors are sitting on substantial gains. Whether SpaceX can sustain that momentum will depend on its ability to scale Starlink, secure more government contracts, and eventually land humans on Mars. For now, the market is betting big on the company's future.