SpaceX stock started trading on the Nasdaq under the ticker SPCX on June 12, 2026, after the company priced its IPO at $135 per share and raised $75 billion in the largest public offering in history, and also the first of what analysts are calling a wave of trillion-dollar tech listings. The SpaceX IPO values the company at around $1.77 trillion, and the SpaceX stock valuation alone puts it right alongside the most valuable public companies in the world. Elon Musk’s net worth jumped to roughly $970 billion after pricing, with trillionaire status now a real possibility once the SpaceX stock price starts moving on the open market.
Also Read: Micron Stock Price Prediction 2026, 2027, 2028: Massive Upside?
SpaceX IPO Surge, SpaceX Stock Price And Musk Net Worth Outlook
Record Demand And Then Some
The order book for the SpaceX IPO ran more than two times oversubscribed, with something like $150 billion in orders chasing a $75 billion raise. BlackRock put in an order for at least $5 billion worth of SpaceX stock, which is multiples of what you would normally see in a traditional offering, and other large asset managers submitted similarly large requests. Retail investors also got an unusually big slice: roughly 30% of the SpaceX IPO retail allocation went to individual buyers, a notable break from how Wall Street usually runs these things.
Oppenheimer set its SpaceX stock price target at $190 per share on Thursday, well above the $135 IPO price, and ARK Invest projected the SpaceX stock valuation could reach as high as $3.1 trillion by 2030. Morningstar, on the other hand, pegs fair value at around $780 billion, roughly half the IPO target, and also flagged the xAI acquisition as a “material threat of value destruction,” with the company’s “economic moat indeterminate.”
Musk’s Grip And What It Means For Investors
Despite the SpaceX IPO placing the company on public markets, Elon Musk keeps roughly 40% of total equity and also more than 84% of voting power, through a dual-class share structure where Class B shares carry ten votes each compared to one per Class A share. A Harvard Law School analysis noted that even if Musk sells down Class A equity at some point, he would retain his lock on control through his Class B holdings, and that creates real risk for investors who will have minimal say over major business decisions, including potential acquisitions of other Musk-owned entities and decisions on executive pay.
SpaceX already absorbed Musk’s AI startup xAI, which itself acquired the social media platform X back in 2025. The company’s board also does not need to include any independent directors at all, a pretty notable departure from standard public company governance.
A Test Case For What Comes Next
The SpaceX stock listing drew massive attention as a test case for a broader wave of mega tech IPOs. Both Anthropic and OpenAI filed paperwork with the SEC to begin their own listing processes, likely later in 2026.
Tom Mueller, SpaceX’s first employee and founder of Impulse Space, told the BBC:
“It’s unbelievable to see what the company has become. It’s just been an incredible ride.”
Mueller was around for the earliest failures, including a rocket engine explosion and a crashed launch, before SpaceX finally made it to orbit in 2008. He left the company in 2020 and still holds a considerable financial stake in the firm.
At the time of writing, the SpaceX IPO retail allocation remains one of the more unusual aspects of this debut. The fact that individual investors got meaningful access at the $135 price is something analysts point to as a sign of how much has changed in how big companies go public. What the SpaceX stock price does right now, in early trading, will be a signal the market watches very carefully.
News Link: https://watcher.guru/news/spacex-stock-makes-history-with-record-75-billion-ipo