Technology12 Jun 2026SEO 801 min read

Analysis: SpaceX IPO closes up 19% and delivers the world’s first trillionaire

SpaceX lifted off on its first day as a public company , immediately jumping to $150 a share after it began trading on the Nasdaq, around 11% higher than the $…

SpaceX lifted off on its first day as a public company , immediately jumping to $150 a share after it began trading on the Nasdaq, around 11% higher than the $135 figure at which it officially priced its IPO on Thursday. The stock price reached as high as $176 in midday trading, pushing the company’s market capitalization to nearly $2.3 trillion, before ultimately settling to $159.75 as markets closed. The stock pop isn’t a surprise. The company’s IPO was oversubscribed by 4x, according t…

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