SpaceX Hits the Public Markets in Record-Breaking Debut

Shares of the company opened at $150 on June 12, marking an 11% increase over the initial pricing. By the close of the trading session, the stock reached $160.95, a 19% gain that signaled intense investor appetite. This surge helped push the company's valuation to $2.7 trillion, positioning it as the fifth-most valuable firm globally. The sheer scale of the event triggered record-breaking activity on retail trading platforms like Robinhood, while major financial institutions including Goldman Sachs and Morgan Stanley secured approximately $500 million in underwriting fees.

Financial disclosures reveal a complex landscape for the newly public entity. While revenue topped $18 billion in 2025, the company reported a $4.9 billion loss for the same period, contributing to a total deficit of $37 billion since inception. Despite these figures, the market remains focused on future growth, including an aggressive push into AI computing and the expansion of the Starlink network. Meanwhile, internal control remains firmly concentrated, with Elon Musk retaining 85.1% of the total voting power. Discussions regarding the company's future have already intensified, notably following COO Gwynne Shotwell’s public suggestion that a merger with Tesla could simplify the CEO’s management responsibilities.