Much-awaited shares of Space Exploration Technologies Corp. (SPCX) have finally begun trading on the Nasdaq at $135 per share following the company's initial public offering (IPO) of 555.56 million Class A common shares, priced at $135 each. However, a recent Wall Street Journal report suggests that the stock's opening price could be revised upward to between $170 and $175.
The Texas-based company raised a record-breaking $75 billion through the IPO, achieving a market capitalization of approximately $1.77 trillion. The milestone makes SpaceX the seventh most valuable company in the United States and turns its Chief Executive Officer, Elon Musk, into the world's first trillionaire.
As part of the offering, which is expected to close on June 15, SpaceX has granted underwriters a 30-day option to purchase up to an additional 83.33 million Class A common shares at the IPO price.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.