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SpaceX officially launched as a publicly traded company Friday morning, and Elon Musk’s company carries the largest valuation ever seen for a Wall Street debut.
SpaceX has its sights set on some major projects, including more rocket launches both manned and unmanned, construction of AI infrastructure in space along with satellites, and ambitions of lunar landings and missions to Mars.
SpaceX employees celebrate during a bell ringing ceremony for the IPO of SpaceX at the Nasdaq MarketSite in New York, Friday, June 12, 2026, in New York.
AP Photo/Frank Franklin II
These projects come at a hefty cost, and the IPO (Initial Public Offering) is expected to provide capital funding for many of these projects depending how popular it becomes.
“Most of the shares will become available for sale over the course of the year. And so that might change the balance of supply and demand,” said equity analyst Nicolas Owens at Morningstar speaking to Reuters.
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“And then everyone will be monitoring these operational milestones around starship reusability, the commercial model for data centers in space.”
But what makes this launch so distinct?
“It’s by all accounts a massive, massive company. Not only is it the largest IPO (Initial Public Offering) in history, but it’s the largest by order of magnitude,” says portfolio manager and chief investment officer Josh Sheluk at Verecan Capital Management.
“Typically a company becomes public and it gradually grows in size. Maybe it starts at five billion or 10 billion or 20 billion, or even a hundred billion dollars worth of company. Now you have a company that’s again, potentially IPOing at a $1.75 trillion valuation, which forces it to be one of the largest positions in all these indexes right off the bat.”
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SpaceX priced its shares at US$135 each, which makes the total value of the company approximately $1.75 trillion dollars, although only a fraction of the shares that make up that total will be made available today, which could increase demand and send the price higher.
People watch from outside the Nasdaq MarketSite during a bell ringing ceremony for the IPO of SpaceX in New York, Friday, June 12, 2026, in New York.
AP Photo/Frank Franklin II
Many day traders on the floor of Wall Street and arm-chair investors alike will be able to get a chance to own a piece of SpaceX while limited shares last.
– With a file from Reuters
– More to come
© 2026 Global News, a division of Corus Entertainment Inc.
