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The Japan Times
SpaceX surges past $2 trillion in Nasdaq debut, closes in on Amazon
SpaceX's shares recorded a remarkable 19% increase on their Nasdaq debut, elevating the company's market capitalization beyond $2 trillion. This achievement positions SpaceX as the sixth-largest company in the U.S. by market value. The IPO raised a staggering $75 billion, showcasing high investor demand for Musk's ambitious ventures, which span rockets, satellites, and AI technology. Despite this success, it's notable that SpaceX remains unprofitable and generates much lower revenues compared to conventional tech giants of similar valuation.
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Published 13 Jun 2026, 03:45 UTC1 min read
Visit original article ↗Lead image — The Japan Times
Summary
TL;DR
- SpaceX shares surged 19% on Nasdaq debut
- Company valuation exceeded $2 trillion
- Elon Musk becomes the world's first trillionaire
- 75 billion-dollar IPO represents record-setting demand
- Over 510 million shares traded worth about $84 billion
Interesting facts
- SpaceX now ranks as the sixth-largest U.S. company by value
- Investors are largely investing despite SpaceX's unprofitability
- Musk's diverse business interests include AI and aerospace