SpaceX Starts Trading At $150, Before Rising To $165: 'Liftoff', Says Elon Musk-Led Company
SpaceX (SPCX) completed the largest public offering in history, opening at $150 per share on June 13, 2026, representing an 11% pop over its $135 IPO price and valuing the company at approximately $1.96 trillion. The stock subsequently climbed to $165. The IPO raised $75 billion with demand exceeding $250 billion. However, the opening price fell below pre-market expectations of $174, suggesting institutional price discovery tempered early speculative enthusiasm. Space-related competitors experienced significant declines following the debut.
Read original at benzinga