Trading under the ticker symbol "SPCX," investor demand sent the stock soaring as high as $168.75 in its opening hours, representing a massive 25% surge from its initial pricing.
The record-breaking debut successfully raised $75 billion to bankroll Musk’s ultra-ambitious long-term strategies, which include establishing a permanent human colony on Mars and building solar-powered data centers directly in space.
The blockbuster offering easily leapfrogs the prior global record-holder, Saudi Aramco, which raised nearly $26 billion during its public debut in 2019.
Wall Street analysts noted that retail investor enthusiasm reached unprecedented levels, with data indicating the SpaceX IPO pulled in more than $100 billion in retail orders alone before trading even commenced.
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This initial trading frenzy pushed the aerospace giant's total market capitalization to a staggering $2.2 trillion, positioning it ahead of established tech heavyweights like Meta Platforms, Samsung, and even Musk’s own electric vehicle venture, Tesla. "Like most IPOs, the price jumped," Jay Ritter, an IPO expert and professor at the University of Florida's Warrington College of Business, told CBS News.
"This is not a moonshot, but given the size of the deal, if the stock price holds, there will be more dollar value of early stock returns than any IPO in history.
"While Ritter noted that the opening numbers were slightly lower than some speculative betting markets had predicted, the debut remains an unmitigated success for the firm.
However, experts warn that the newly public mega-cap will face intense pressure to justify its trillion-dollar valuation. Despite its astronomical market cap, SpaceX remains unprofitable, booking $18.7 billion in revenue last year—a stark contrast to established tech titans like Alphabet, which brought in $400 billion in 2025 sales while producing massive annual after-tax profits.
A significant driver behind the company's multi-trillion-dollar long-term outlook is its aggressive integration of artificial intelligence.
Following its strategic acquisition of Musk’s xAI venture earlier this year, internal market analyses suggest that up to 90% of the company's future $28 trillion market opportunity is tied directly to its expanding AI infrastructure.
By pairing Starlink’s massive satellite footprint with space-based computing power, the SpaceX IPO sets the stage for an entirely new industry.
On paper, the successful market launch cements Elon Musk’s status as the world’s very first trillionaire, with his 42% equity stake and 82.4% voting power ensuring he maintains absolute control over the company's cosmic roadmap.
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