SpaceX has achieved a significant milestone by surpassing Tesla in market capitalization following its historic initial public offering (IPO). The aerospace company, founded by Elon Musk, debuted on the Nasdaq stock exchange on June 12, 2026, under the ticker symbol SPCX. Shares were initially priced at $135, raising approximately $75 billion and valuing the company at $1.77 trillion. On the first day of trading, shares opened at $150 and closed nearly 20% higher at $160.95, pushing SpaceX’s market capitalization to $2.1 trillion, making it the sixth-largest publicly traded company in the United States. ([axios.com](https://www.axios.com/2026/06/12/spacex-shares-rocket-first-trades?utm_source=openai))
This valuation surpasses that of Tesla, another Musk-led enterprise, which currently holds a market cap of approximately $1.52 trillion. The IPO’s success has also elevated Musk’s net worth to over $1 trillion, solidifying his position as the world’s first trillionaire. ([apnews.com](https://apnews.com/article/7723f82b6063a9a17c194e25982cd66d?utm_source=openai))
SpaceX’s diversified operations include reusable rocket launches, the Starlink satellite internet service, and ventures into artificial intelligence through its merger with xAI. In the first quarter of 2026, the company reported $4.7 billion in revenue and $1.1 billion in adjusted EBITDA. ([kiplinger.com](https://www.kiplinger.com/investing/live/spacex-ipo-spcx-stock-updates-and-commentary?utm_source=openai))
Investor enthusiasm remains high despite the company’s lofty valuation, driven partly by the broader trend of tech stocks being priced at a premium amid the AI boom. Analysts are also watching how the stock will perform after the lock-up period expires. ([axios.com](https://www.axios.com/2026/06/12/spacex-shares-rocket-first-trades?utm_source=openai))
SpaceX’s IPO is being hailed as a watershed moment, ushering in a potential new wave of tech IPOs and influencing confidence in the broader space economy. Experts believe this IPO could inspire further investment in space-related ventures and redefine space as an investment class. ([space.com](https://www.space.com/space-exploration/private-spaceflight/spacex-to-go-public-with-a-mind-bogglingly-historic-ipo-today-the-space-industry-may-never-be-the-same?utm_source=openai))
As SpaceX continues to expand its operations and pursue ambitious projects, its market performance will be closely watched. The company’s success not only reflects investor confidence in its current ventures but also in its potential to drive innovation in the aerospace and technology sectors.
