# SpaceX Stock Surges 19% in Record $2 Trillion IPO

**Published:** 2026-06-18T11:48:30.982Z  
**Topic:** Stock Market  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/244261d6-8032-4c1a-a104-43729f112bc3

SpaceX shares rose 19% to $160.95 in the largest IPO ever, valuing the company at $2.1 trillion and making Elon Musk the world's first trillionaire.

SpaceX shares closed up 19% at $160.95 on Friday, capping the largest initial public offering in history [2]. The debut pushed the company’s valuation past $2 trillion and made Elon Musk the world’s first trillionaire, with his fortune estimated at $1.1 trillion [1, 2].

| At a glance | |
|---|---|
| IPO Price | $135 |
| Close Price | $160.95 |
| Valuation | $2.1 Trillion |
| Dow Jones | +0.7% |

## Record demand and valuation
The company priced its offering at $135 per share, raising $75 billion and securing a valuation of $1.77 trillion before trading began [1]. Investor demand reached $250 billion, nearly four times the planned offering, with BlackRock placing an order for at least $5 billion and retail investors requesting more than $100 billion in shares [1]. The surge in trading lifted SpaceX’s market capitalization to approximately $2.1 trillion, surpassing Saudi Aramco and Tesla to become the world’s seventh-largest firm [1, 2]. The company claims an addressable market of $28.5 trillion across its broadband, mobile, and AI infrastructure businesses [1].

## Financials and governance scrutiny
Despite the record valuation, SpaceX reported a net loss of $4.28 billion in its latest quarter and a loss of $4.94 billion for 2025 [1]. The company’s connectivity arm, Starlink, generated $4.69 billion in revenue, representing 69% of quarterly sales, while the space unit and AI division posted losses [1]. The offering faced scrutiny from Senator Elizabeth Warren, who urged the SEC to delay the IPO citing concerns over Musk’s 85% voting control and investor protections [1]. Legal scholars have criticized the governance structure, noting it limits shareholder influence [1].

## Market reaction
The debut coincided with a broader rally in U.S. markets, where the Dow Jones Industrial Average gained 353 points, or 0.7%, and the Nasdaq rose 0.3% [2]. The positive session followed signals from the Trump administration regarding a potential peace deal with Iran and data showing consumer sentiment rose in June for the first time in three months [2].

## What to watch
*   SpaceX's ability to stem losses in its AI and space units, which lost a combined $3.1 billion last quarter [1].
*   Regulatory response to Senator Warren’s request for an SEC review of governance and valuation [1].
*   Capital expenditure levels, as AI spending drove $7.7 billion of the $10.1 billion in quarterly capex [1].

The listing marks a historic moment for the private space industry, transforming a company founded in a warehouse into a public entity valued higher than the world's largest energy and automaker firms [1, 2].

## Sources
1. Forbes — [SpaceX Opens At $150—Surging 20% After Largest IPO Ever (Live Updates)](https://www.forbes.com/sites/tylerroush/2026/06/12/spacex-opens-at-150-surging-17-after-largest-ipo-ever-live-updates/)
2. CNN — [SpaceX shares debut after biggest IPO in history](https://www.cnn.com/2026/06/12/business/live-news/spacex-goes-public-ipo)

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Cite as: TrendWatcher, "SpaceX Stock Surges 19% in Record $2 Trillion IPO", https://www.trendwatcher.in/article/244261d6-8032-4c1a-a104-43729f112bc3