On Friday, June 12, SpaceX entered the public markets, completing a high-profile listing that exceeded financial expectations. The aerospace company now trades on the Nasdaq under the ticker symbol SPCX.
Talk of an IPO had persisted for years, gaining momentum after SpaceX submitted its initial Form S-1 prospectus to regulators late last month. The investor roadshow began last week and accumulated substantial institutional and retail interest ahead of final pricing.
On Thursday afternoon, SpaceX announced the final subscription price of $135 per share.
Record-Breaking Demand and Capital Raised
According to the official pricing declaration, SpaceX sold 555,555,555 shares of its Class A common stock at $135. The sale generated roughly $75 billion in gross proceeds before accounting for underwriter options.
The deal drew overwhelming interest, reportedly nearly 5x oversubscribed, with more than $350 billion in total order demand from institutional investors and the public. SpaceX prioritized retail participation by allocating a significant portion of shares to investment platforms such as Robinhood and SoFi. Elon Musk and other leaders marked the listing with a live broadcast from Starbase:
.@SpaceX listing day is here. Watch live. $SPCX https://t.co/VTXg0N2TBc
— Nasdaq (@Nasdaq) June 12, 2026
Given the heavy buy imbalance, shares immediately traded above the offer. Trading on the Nasdaq opened at around $150 per share, and at the time of writing had climbed more than 25% to $170, placing SpaceX’s market capitalization at about $2.2 trillion. That valuation makes SpaceX the sixth most valuable company globally, debuting ahead of Saudi Aramco, TSMC, and Tesla.
I love the incredible people of SpaceX beyond words
— Elon Musk (@elonmusk) June 12, 2026
The Tesla Merger Myth and Future Roadmap
Tesla investors have direct exposure to this debut. Tesla officially owns 18,990,195 Class A common shares of SpaceX, a stake secured when SpaceX acquired Musk’s AI startup, xAI. The companies also share manufacturing ties, partnering with Intel for the TERAFAB AI chip project to establish the world’s most advanced semiconductor factory.
The listing reignited discussion of a potential Tesla–SpaceX combination. In a recent CNBC interview at Starbase, SpaceX President Gwynne Shotwell addressed the idea of a merger with Tesla. "That might make Elon’s life a little easier,” she remarked. “There’s no question that there are synergies between Tesla and SpaceX and our futures. […] There’s a convergence of what we’re all trying to accomplish in the future, but right now I’m focused on keeping the lights on here, keeping rockets in production, flying rockets, flying people, and critically providing broadband [to people] that don’t have access to to that critical capability. I’m really focused on that. I’m not focused on that [merger] part of the future."
Gwynne says she is not focussed on a potential Tesla / SpaceX merger. https://t.co/ncl6LOKTh5 pic.twitter.com/YIxYmY7Rfz
— Robin (@xdNiBoR) June 12, 2026
With the IPO proceeds in place, SpaceX’s near-term priorities include scaling launch capacity, satellite connectivity, orbital payload services, and terrestrial AI compute. Longer-term objectives span space-based data centers, establishing a presence on Mars, and exploring asteroid mining.
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