{"id":1872,"date":"2026-06-12T17:07:51","date_gmt":"2026-06-12T17:07:51","guid":{"rendered":"https:\/\/metrotransitreview.com\/?p=1872"},"modified":"2026-06-12T17:07:51","modified_gmt":"2026-06-12T17:07:51","slug":"spacex-shares-begin-trading-in-biggest-ipo-ever-valuing-company-at-more-than-2-trillion","status":"publish","type":"post","link":"https:\/\/metrotransitreview.com\/?p=1872","title":{"rendered":"SpaceX shares begin trading in biggest IPO ever — valuing company at more than $2 trillion"},"content":{"rendered":"
\n

Shares of SpaceX opened at $150 each on their first day of trading in the company\u2019s landmark initial public offering \u2013 making founder Elon Musk the world\u2019s first trillionaire.\u00a0<\/p>\n

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Shares of the rocket company opened up 11% from their IPO price of $135, giving the company a market capitalization of roughly $1.96 trillion. Shares began trading just after 11:47 a.m. Friday on the Nasdaq Composite Index under the ticket \u201cSPCX.\u201d<\/p>\n

In the minutes following the debut, the shares quickly escalated to the $160 mark, raising the company\u2019s market cap to $2.1 trillion, instantly making it one of the world\u2019s most valuable companies.<\/p>\n

The listing cements Musk\u2019s position as the wealthiest individual in modern history \u2013 pushing the tech mogul\u2019s net worth above $1 trillion. After the IPO, Musk will control about 82% of SpaceX, according to filings.<\/p>\n

\u201cSpaceX going public is an important moment for the broader tech sector in our view as this AI Revolution and data takes this next step forward,\u201d said Wedbush analyst Dan Ives.<\/p>\n

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Some 555.6 million shares of SpaceX \u2013 which operates a rocket, satellite internet and artificial-intelligence businesses \u2013 were sold of the in the hotly anticipated IPO, according to a statement posted on SpaceX\u2019s website on Thursday afternoon.<\/p>\n

The solid opening sets the tone for a string of other massive public listings this year including AI juggernauts Anthropic and OpenAI.\u00a0<\/p>\n

\n<\/div>\n

In February, SpaceX merged with Musk\u2019s AI outfit xAI.\u00a0<\/p>\n

Investor demand for the offering was massive. Orders reportedly exceeded the amount of shares that were available several times over, including huge interest from retail investors who submitted more than $100 billion in purchase orders, according to Bloomberg.<\/p>\n

The IPO for SpaceX \u2014 which owns artificial intelligence company xAI, satellite-internet business Starlink and social media platform X \u2014 shattered the previous record set by Saudi Aramco\u2019s IPO, which raised $29.4 billion in 2019.<\/p>\n

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Some 555.6 million shares of SpaceX \u2013 which operates a rocket, satellite internet and artificial-intelligence businesses \u2013 were sold in the hotly anticipated IPO.\u00a0<\/p>\n","protected":false},"author":1,"featured_media":1871,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1872","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\nSpaceX shares begin trading in biggest IPO ever - valuing company at more than $2 trillion - Metro Transit Review<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/metrotransitreview.com\/?p=1872\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SpaceX shares begin trading in biggest IPO ever - 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