SpaceX IPO Soars to New Heights as Market Valuation Surpasses $2 Trillion

SpaceX's initial public offering (IPO) has made a stunning debut on the Nasdaq stock exchange, surpassing all expectations. On June 12th, 2026, SpaceX listed at an 11.11% premium to its IPO price of $150 per share and skyrocketed nearly 30% to reach an intraday high of $176.52 apiece, a new all-time high for the company.

This impressive listing has catapulted SpaceX into the sixth largest company in the world, with a market capitalization (m-cap) of nearly $2.27 trillion, beating estimates of $1.8 trillion. This achievement puts SpaceX in direct competition with technology giants Amazon and Microsoft, which have m-caps of $1.752 trillion and $1.818 trillion respectively.

SpaceX's valuation has also surpassed that of Tesla, the largest electric vehicle company in the world, with an m-cap of $1.506 trillion. If the bulls continue to drive the stock higher, SpaceX may soon dethrone Amazon and Microsoft from their current rankings as fourth and third largest companies respectively.

Elon Musk's SpaceX has undoubtedly made a statement with its IPO listing, solidifying its position as a major player in the global market. The company's impressive performance on its debut day is a testament to its innovative spirit and aggressive expansion plans.