NEW YORK, June 13 (Our New York News) — SpaceX’s first day of public trading on Nasdaq turned a $75 billion stock offering into a major Wall Street test of how investors value rockets, satellites and Elon Musk’s control of both.
The company began trading June 12, 2026, under the ticker SPCX, according to Nasdaq trading activity. SpaceX priced the initial public offering at $135 a share and raised $75 billion, according to offering terms and a company announcement cited in public market reports. The stock opened around $150, climbed as high as about $176.50 during the session and closed near $161, according to Nasdaq market data cited in those reports.
Those prices changed the company’s paper value in one trading day. The IPO price implied a valuation of roughly $1.77 trillion to $1.8 trillion. By the close, the public market price implied a market value above $2 trillion, based on the trading price and reported share counts.
The same market move also changed the public estimate of Musk’s fortune. Forbes and Bloomberg wealth calculations placed Musk’s net worth at roughly $1.05 trillion to $1.11 trillion after the debut, making him the first person publicly estimated to be worth more than $1 trillion. Those estimates are not cash holdings. They are based largely on the market value of stock and options, including his SpaceX and Tesla interests.
Forbes calculations tied to the IPO price put Musk’s SpaceX stake at about $688 billion. Rounded, that places the stake near $690 billion before counting the first-day gain. Other estimates that used higher trading prices put the SpaceX stake in a wider range, from about $766 billion to nearly $800 billion. The differences appear to come from timing and method: some estimates used the IPO price, some used intraday or closing prices, and some included options.
For New York’s financial markets, the listing moved one of the world’s most closely watched private companies into daily public pricing. That means new shareholders, index funds, trading desks and retail investors can now measure SpaceX through Nasdaq prices rather than private funding rounds. It also means the value of Musk’s SpaceX stake can rise or fall with public trading.
The deal created an immediate split between completed facts and open questions. The completed facts are the IPO price, the $75 billion raise and the first-day trading range. The open questions include the exact voting power Musk retained and whether the market price is supported by SpaceX’s long-term earnings power. Several reports described a dual-class or special share structure, but the exact ownership and voting percentages conflict, and the underlying offering filing was not included in the research records reviewed for this article.
Morningstar analysts provided one of the clearest outside checks on the market price. The research firm estimated SpaceX’s value at about $780 billion and called the IPO “significantly overvalued,” according to AP and PBS accounts of the firm’s analysis. That estimate is far below both the IPO valuation and the valuation implied by the first-day close.
Musk has said SpaceX went public now to fund plans for satellites and data centers in space and, later, a human settlement on Mars, according to AP’s account of his statement. PBS reported that Musk marked the start of trading with a ceremonial bell-ringing from Starbase in South Texas, while the market listing itself took place on Nasdaq.
SpaceX was founded in 2002. Its public debut now gives investors direct exposure to a company built around launch services and satellite operations. It also gives them exposure to the risks of a stock whose first-day price quickly moved well above the offering price.
The first session’s numbers show the scale of that bet. Investors who bought at the $135 IPO price saw the stock close about $26 higher on the first day. Investors who bought near the intraday high near $176.50 were below that level by the close. Musk’s wealth estimate crossed the trillion-dollar mark because the market assigned a public price to a stake that had been valued mainly through private transactions and outside wealth models.
