Key facts
- SpaceX's IPO raised a record $85.7 billion after underwriters exercised an overallotment option.
- SpaceX's stock surged 20% above its IPO price on its market debut on June 12, 2026.
- SpaceX's market capitalization surpassed $2 trillion, reaching approximately $2.35 trillion.
- SpaceX shares rose approximately 12% on their second trading day.
- Ron Baron acquired $1 billion in SpaceX shares during the IPO, increasing his stake to $25 billion.
- Indian investors' interest in US stocks increased by 20-25% following SpaceX's IPO.
- Lock-up expirations are expected to increase SpaceX's public float in the coming months.
- Two new daily leveraged ETFs, SPCH and SSPC, were launched tied to SpaceX's performance.
- Rocket Lab has a market cap of $73 billion.
- Scott Morton is a former SpaceX employee who worked there for nearly a decade.
SpaceX's initial public offering (IPO) has achieved a record-breaking $85.7 billion in proceeds after underwriters exercised an overallotment option. The company's stock experienced significant gains following its market debut on June 12, 2026, with an initial surge of 20% above its IPO price. On its second trading day, SpaceX shares rose approximately 12%, extending the rally and pushing its market capitalization above $2 trillion, reaching an intraday value of about $2.35 trillion. The stock trades on the Nasdaq under the ticker SPCX.
The success of SpaceX's IPO has generated considerable interest, not only in its own performance but also for its potential implications on Elon Musk's other ventures and rivals in the artificial intelligence sector, such as OpenAI and Anthropic. The IPO has also significantly boosted Indian investors' interest in US stocks, with trading volumes on international platforms surging by 20-25%, and SpaceX shares constituting a substantial portion of this increased activity. Ron Baron acquired $1 billion in SpaceX shares during the IPO, increasing his total stake to $25 billion, according to CNBC.
However, SpaceX's stock faces potential volatility as lock-up expirations approach. Early investors and employees will become eligible to sell their shares in the coming months, which is expected to dramatically expand the company's public float and could impact stock performance. A former SpaceX employee, Scott Morton, who worked at the company for nearly a decade, described aggressive pitches from wealth managers seeking his business with gifts and personal outreach prior to the IPO, highlighting the significant value of employee equity.
In related market activity, SpaceX saw a premarket surge of approximately 6% following the launch of two new daily leveraged ETFs, SPCH and SSPC, tied to its performance. Rocket Lab's stock has also shown resilience, recovering from a recent selloff that analysts deemed misguided. Despite a market cap of $73 billion and a high price-to-sales ratio, Rocket Lab's revenue growth and backlog are considered strong, with analysts indicating significant upside potential.