SpaceX SPCX begins first-day Nasdaq trading

Category: Markets
Status: confirmed
Sources: TradingKey IPO analysis, Capital.com
Summary: SpaceX (NASDAQ: SPCX) opened trading today at $135 per share. The offering raised $75 billion at a $1.75 trillion post-money valuation, the largest IPO on record by dollar amount, surpassing Saudi Aramco's $35.4 billion in 2019. The offering was approximately 3.3x oversubscribed. MSCI announced SPCX eligible for early index inclusion effective 2026-06-13.
Why it matters: Starlink revenue and xAI capex links SpaceX to the AI infrastructure investment cycle; index inclusion creates sustained institutional demand from day two.
Follow-up: First-day closing price; S&P 500 inclusion timeline; post-IPO lock-up expiry.