Overview
- SpaceX shares began trading on the Nasdaq after an initial placement at $135 per share and an expected opening around $171, a pricing that implies a roughly $2.2 trillion market value.
- Elon Musk led a ceremonial launch from SpaceX headquarters in Texas, pressing the trading button while Elton John’s “Rocket Man” played and delivering remarks about the company’s origins and goals.
- Immediate reporting said the IPO made SpaceX shares available to public investors for the first time, with trading and early price movements still unfolding on the market.
- Coverage noted that the listing materially increased Musk’s reported wealth above $1 trillion, creating a new public benchmark for his net worth tied to SpaceX’s market valuation.
- The listing shifts SpaceX from private funding to public scrutiny, giving investors a way to back reusable-rocket and Starship development and creating a market reference for the wider space industry.