SpaceX Stock Soars 19% in Record IPO Debut, Musk Becomes First Trillionaire

SpaceX completed the biggest initial public offering in history on June 12, 2026, with shares jumping 19% to $160.95 on the first trading day. The company raised $75 billion and reached a market value of $2.1 trillion, making it the sixth largest U.S. public company. The debut made founder Elon Musk the world’s first trillionaire, with a combined net worth of $1.1 trillion from SpaceX and Tesla holdings.

Record Trading Volume and Price Action

SPCX opened at $150 per share after the IPO price of $135, then climbed to a high of $176.52 within two hours of trading. More than 500 million shares traded hands on the first day, approaching Facebook’s 2012 IPO volume of 580 million shares. The stock finished at $160.95, up 19.2% from the IPO price, and continued rising in after-hours trading to $166.85.

Why SpaceX Went Public Now

Musk said SpaceX needs capital to fund ambitious plans including deploying over 100,000 satellites for global communications, building artificial intelligence data centers in space, and establishing a human colony on Mars. SpaceX has been cash-flow positive since around 2015 but has accumulated $41.3 billion in total losses since its 2002 founding. The company acquired Musk’s AI startup xAI in February 2026, which brought Grok AI models and data centers into the SpaceX portfolio.

Meyka Grade Shows Caution Despite Investor Enthusiasm

Meyka rates SPCX a D+ with a strong sell recommendation, citing negative profitability metrics and high valuation ratios. The stock trades at 245 times sales and has a price-to-book ratio of 15.4, well above historical averages. RSI stands at 99.77, indicating overbought conditions. Analysts show mixed sentiment with 3 buy ratings, 1 sell rating, and no holds or strong sells.

Market Context and Sector Implications

The S&P 500 rose 0.5% and the Nasdaq gained 0.3% on June 12 as the broader market benefited from peace deal signals with Iran and rising consumer sentiment. SpaceX’s debut outpaced the typical first-day IPO gain of 7% seen from 1980 through 2025. The company’s market cap now exceeds Tesla’s $1.5 trillion valuation, making SpaceX the larger of Musk’s two major public companies.

Final Thoughts

SpaceX’s record IPO and 19% first-day gain reflect investor optimism about space infrastructure and satellite communications. However, Meyka’s D+ rating and overbought technical indicators suggest caution for new buyers at current valuations.

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The content shared by Meyka AI PTY LTD is solely for research and informational purposes.  Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.