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TechCrunch
SpaceX shares soar 30% midday, vaulting it to top six most valuable U.S. companies
SpaceX completed its IPO on Nasdaq, launching shares at $150, an 11% premium over the expected price, and climbing to $176 in midday trading. The company’s valuation now stands at nearly $2.3 trillion, positioning it among the top six U.S. firms. Notably, demand is high, driven by a small float of available shares and anticipating inclusion in major stock indexes.
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Published 12 Jun 2026, 18:41 UTC1 min read
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Summary
TL;DR
- SpaceX's shares rose to $150 on first trading day.
- Market capitalization nearly $2.3 trillion.
- SpaceX becomes sixth most valuable U.S. company.
- High demand linked to limited shares available.
- Elon Musk becomes world's first trillionaire.
Interesting facts
- Only 4% of SpaceX shares are available for public trading.
- Debut is one of the largest returns in venture capital history.
- 4,400 employees and former workers become millionaires.