Finance

SpaceX market cap tops $2 trillion after shares of Elon Musk’s rocket company gain 28% on debut

SpaceX shares soared on Friday as trading commenced on the Nasdaq.​SpaceX shares soared on Friday as trading commenced on the Nasdaq. 

CEO Gwen Shotwell and SpaceX executives ring the opening bell at the Nasdaq on June 12th, 2026.
Adam Jeffery | CNBC

SpaceX shares soared on Friday as trading commenced on the Nasdaq, driving the rocket company’s valuation above $2 trillion.

The Elon Musk-led space company’s stock traded 17% higher in midday trading.

SpaceX opened at $150 per share, marking a roughly 11% gain over its $135 IPO price. But that number was off the $175 level initially shown in indications of interest to trading desks.

This is breaking news. Please refresh for updates.

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

  

Related Items:, , ,

Recommended for you

Most Popular

stegerit finanz ag investment predictions stegerit finanz ag investment predictions
43
Finance

Prediction market firms face growing scrutiny as Congress weighs regulation
40
Science

‘The movie has tremendous heart’: We sat down with the director of ‘Masters of the Universe’ to learn how he found ‘the power’ for the new He-Man
Will 2026’s ‘yo-yo racing’ mean overtaking in Monaco? Will 2026’s ‘yo-yo racing’ mean overtaking in Monaco?
36
Sports

Will 2026’s ‘yo-yo racing’ mean overtaking in Monaco?
35
Business

AI in a box: Windrose wants to containerize the data center [update]
Leclerc agrees new long-term deal with Ferrari Leclerc agrees new long-term deal with Ferrari
35
Sports

Leclerc agrees new long-term deal with Ferrari
35
Business

Tesla retroactively added ‘supervised’ to FSD contracts owners signed years ago
32
Politic

President Trump seeks control of science funding
32
Business

Caterpillar BEPU makes going electric as easy as swapping an engine
31
Uncategorized

Winners: World Food Photography Awards 2026
30
Politic

People with cancer or HIV could lose Medicaid under new work rules, advocates say
To Top