SpaceX Shares Rise 23 Percent in Nasdaq Debut While Company Reports $8.7 Billion Loss

SpaceX began trading on the Nasdaq under the symbol SPCX on Friday, June 12, 2026. 6 million shares at an offering price of $135 each, generating proceeds of approximately $75 billion. m.

ET, a 23 percent increase from the offering price. 18 trillion. Elon Musk owns roughly 42 percent of SpaceX. 1 trillion according to Forbes, up from a pre-IPO estimate of about $696 billion.

Analysts had valued his stake between $743 billion and $866 billion before the listing. Musk told JPMorgan CEO Jamie Dimon in a video conference on the X platform that he decided to take the company public now because it plans to deploy 100,000 next-generation Starlink satellites. 7 trillion.

7 billion between January 1, 2025 and March 31, 2026. The xAI business merged with SpaceX earlier in 2026. SpaceX credits Musk as the “driving force” behind its growth, innovation and success.

The company warns that the loss of Musk could disrupt strategy execution and damage relationships with customers, partners and stakeholders. It also states that finding a replacement with equivalent skills would be time-consuming or nearly impossible.

Musk holds the majority of special Class B shares, giving him control over strategy, finances and personnel decisions; only he can fire himself as CEO.

SpaceX has established a lead on competitors such as Blue Origin by pioneering reusable rockets. AST SpaceMobile is relying on a SpaceX rocket to launch its latest generation of satellites the week following June 12, 2026. Securities regulators are soliciting public comment on a proposal to require public companies to file financial reports only twice per year.

Nasdaq changed its rules to allow select companies to enter the Nasdaq 100 after 15 trading days. S&P Dow Jones Indices requires companies to trade for a full 12 months before entering the S&P 500 index. Vanguard’s VOO fund that tracks the S&P 500 has roughly $950 billion invested in it.