# SpaceX shares jump 19% on debut, closing at $160.95

**Published:** 2026-06-13T01:59:49.438Z  
**Topic:** SpaceX xStock  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/3c954c9c-1644-4347-ba4e-5e9105be2084

SpaceX's historic IPO raised $75 billion, valued the company above $2 trillion as shares closed 19% higher on the first trading day.

SpaceX’s Nasdaq debut on Friday saw its stock close at $160.95, a 19 % gain on the opening day of trading [1]. The offering, the largest IPO ever, raised about $75 billion and pushed the company’s market value past $2 trillion [2].

**Key takeaways**  
- Shares opened at $150 and peaked over a 30 % surge, briefly valuing SpaceX above $2.25 trillion [1]  
- The IPO sold more than 555 million shares at $135 each, making it the biggest ever by dollar amount [2]  
- SpaceX reported a net loss of $4.3 billion in the first quarter of the year, and analysts at Morningstar value the firm at roughly $780 billion, citing profitability concerns [2]  
- Elon Musk rang the Nasdaq opening bell from Starbase, Texas, while executives including Gwynne Shotwell and CFO Bret Johnsen did so in New York [2]  
- The company plans to expand its rocket and satellite businesses and double‑down on artificial‑intelligence initiatives, including AI microchips and “orbital AI compute infrastructure” [2]

## Record‑setting IPO and first‑day trading dynamics  

The offering, filed under the ticker SPCX, was priced at $135 per share, and the stock opened at $150 on its first day [1]. At one point, the price surged more than 30 % before settling at a 19 % gain, closing at $160.95 [1]. The rapid rise briefly lifted SpaceX’s market capitalization to over $2.25 trillion, making it one of the world’s largest listed companies on debut [1]. The IPO’s scale was underscored by the sale of over 555 million shares, a volume that set a new record for the biggest public offering by proceeds [2].

The launch day was marked by a high‑profile ceremony: Musk rang the Nasdaq opening bell from the company’s Starbase facility in Texas, while Shotwell and Johnsen joined the ceremony on the Nasdaq floor in New York [2]. A Falcon 9 rocket lifted off from Florida an hour before the market opened, delivering Starlink broadband satellites as part of the company’s broader satellite communications business [2].

## Investor sentiment and future outlook  

While the market rewarded the debut with a strong first‑day gain, analysts expressed caution. Morningstar’s valuation of SpaceX at $780 billion—far below the $2 trillion market cap—reflected concerns over the firm’s lack of profitability and a reported $4.3 billion net loss in the most recent quarter [2]. The analysts highlighted “very high” uncertainty around the company’s business model, governance under Musk, and execution of its AI and space initiatives [2].

SpaceX’s prospectus outlined plans to grow its flagship rocket and satellite services and to pursue an AI pivot, including the development of AI microchips and space‑based data centers [2]. The IPO is also seen as a barometer for investor appetite for AI‑related technology firms, with other major players such as OpenAI and Anthropic expected to follow later in the year [2].

## Why it matters  

The historic IPO not only made Elon Musk the world’s first trillionaire but also set a benchmark for future technology listings, especially those tied to artificial intelligence and space infrastructure. The market’s enthusiastic response suggests strong demand for high‑growth, visionary companies, yet the divergent analyst valuations underscore the risk profile of firms that are still unprofitable. As SpaceX expands its AI and orbital computing ambitions, investors will watch closely to see whether the lofty valuation can be justified by future cash flows and successful execution.

## Sources
1. Nbcnews — [SpaceX stock gains 19% its first trading day, closing out a historic IPO](https://www.nbcnews.com/business/markets/spacex-ipo-stock-price-rcna349760)
2. WUKY — [It's SpaceX's first day on the stock market](https://www.wuky.org/npr-news/2026-06-12/its-spacexs-first-day-on-the-stock-market)
3. Npr — [SpaceX stock gains 19% on first day of trading : NPR](https://www.npr.org/2026/06/12/nx-s1-5855004/stock-ai-spacex-ipo-elon-musk)

---
Cite as: TrendWatcher, "SpaceX shares jump 19% on debut, closing at $160.95", https://www.trendwatcher.in/article/3c954c9c-1644-4347-ba4e-5e9105be2084