SpaceX opens 20% higher at $162 in blockbuster Nasdaq debut

Markets SpaceX opens 20% higher at $162 in blockbuster Nasdaq debut Shares were initially priced at $135 a share during the Thursday IPO. By Helene Braun | Edited by Jamie Crawley Jun 12, 2026, 3:55 p.m. 1 min read Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Make preferred on (Unsplash) Summary Show SpaceX shares rose 20% on Friday in its Nasdaq debut. The stock is trading under the ticker SPCX and had priced its record-setting initial public offering at $135 a share, raising $75 billion and valuing the company at about $1.8 trillion. Bitcoin was roughly flat, while AI-related crypto stocks were in the green. SpaceX shares opened at $162 on Friday, marking a strong start to one of the most closely watched stock market debuts in recent years. The aerospace and satellite internet company priced its initial public offering at $135 per share on Thursday. SpaceX sold 555.6 million shares, raising $75 billion in what stands as the largest IPO ever. Bitcoin BTC $ 63,816.57 was roughly flat at $63,400, while AI-related crypto stocks saw modest gains. Trading under the ticker SPCX on Nasdaq, the company had been valued at roughly $1.8 trillion based on the IPO price. The debut gives public investors their first chance to own shares in a company that has reshaped the commercial space industry through reusable rockets and built one of the world's largest satellite networks through Starlink. The satellite internet business has become a major source of growth, serving customers in remote areas where traditional broadband can be difficult to access. SpaceX generated about $19 billion in revenue last year from launch services, government contracts and Starlink operations. Investors are also gaining exposure to one of the larger bitcoin holdings among publicly traded companies. SpaceX held 18,712 bitcoin as of March 31, according to company disclosures. At bitcoin’s recent price of around $63,500, those holdings are worth just under $1.2 billion. SpaceX Elon Musk Related Assets Bitcoin $ 63,816.57 1.82 % Latest Crypto News 1 Bloomberg Analyst: Most Bitcoin ETF Investors Have Stayed Put Despite Outflows 6 minutes ago 2 Kalshi’s crypto perpetuals spark debate over whether they’re futures or swaps 18 minutes ago 3 The U.S. government is betting $2 Billion on quantum computing, and the defense side can't keep up 24 minutes ago 4 FTX's Sam Bankman-Fried loses appeal of criminal conviction on fraud, conspiracy charges 1 hour ago 5 XRP sentiment falls to 8-month low, and that has been a buy signal before 1 hour ago 6 CoinDesk 20 performance update: Ethereum (ETH) falls 1% as index trades lower 2 hours ago 7 For crypto, SpaceX's stock market debut could go either way 4 hours ago 8 Monero price rockets 33% to $438 amid $120 million onchain laundering maze 4 hours ago 9 While bitcoin holds near $63,000, some data points to pain ahead for bulls 5 hours ago 10 Metaplanet buys Siiibo Securities to accelerate bitcoin financial ecosystem plans 5 hours ago Latest Research The Incentive Dynamic Engine: A New Era for io.net Tokenomics The Incentive Dynamic Engine: A New Era for io.net Tokenomics io.net's IDE ties token burns to real GPU demand, replacing fixed emissions with a demand-linked model - live as of 11 June 2026. By CoinDesk Research 5 hours ago Commissioned by io.net io.net's IDE ties token burns to real GPU demand, replacing fixed emissions with a demand-linked model - live as of 11 June 2026. Why it matters : io.net's IDE ties token burns to real GPU demand, replacing fixed emissions with a demand-linked model - live as of 11 June 2026. View Full Report More From Markets Bloomberg Analyst: Most Bitcoin ETF Investors Have Stayed Put Despite Outflows XRP sentiment falls to 8-month low, and that has been a buy signal before Monero price rockets 33% to $438 amid $120 million onchain laundering maze More From Bitcoin Bloomberg Analyst: Most Bitcoin ETF Investors Have Stayed Put Despite Outflows Kalshi’s crypto perpetuals spark debate over whether they’re futures or swaps The U.S. government is betting $2 Billion on quantum computing, and the defense side can't keep up