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.

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