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Markets1h 56m ago

SpaceX's shares jumped 17% on Friday, pushing its valuation above $2 trillion during its Nasdaq debut, following a record-setting $75 billion initial public offering.

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Nasdaq, Silicon Valley

Who
SpaceX, Elon Musk, Choreo CEO Jason Van de Loo, Creative Planning's Jamie Battmer
What
SpaceX's shares jumped 17% on Friday, pushing its valuation above $2 trillion during its Nasdaq debut, following a record-setting $75 billion initial public offering.
When
Fri, 12 Jun 2026 16:01:54 GMT · 1h 56m ago
Where
Nasdaq, Silicon Valley ·
Why
SpaceX's long-awaited debut on public markets and strong investor demand for the company, which raised $75 billion in the largest initial public offering in history.
The Frontline Impact

How this affects you

The successful debut has significantly increased SpaceX's market value, creating thousands of new millionaires among its employees and intensifying competition among wealth management firms to handle these newly acquired fortunes.

Story chain

14 events in this thread
  1. Markets41m ago
    SpaceX's Nasdaq debut saw its valuation exceed $2 trillion, triggering a large wave of tokenized stock activity across crypto markets.
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  2. Markets1h 28m ago
    Clear Street analyst Greg Pendy designated several stocks as either competitors or complementary plays to SpaceX ahead of its initial public offering on Friday.
    Open article
  3. Markets1h 43m ago
    Elon Musk's SpaceX made a strong entrance into public markets on June 12, with its shares starting trade on the Nasdaq at $150 each, representing an 11 per cent gain over the initial public offering (IPO) price of $135.
    Open article
  4. Markets1h 55m ago
    The dollar steadied on Friday amidst a week of economic and geopolitical volatility, highlighted by Middle East peace negotiations and a major SpaceX IPO.
    Open article
  5. Markets1h 55m ago
    The dollar steadied on Friday, capping a week marked by significant economic and geopolitical events that sent ripples through global markets.
    Open article
  6. Markets1h 55m ago
    The dollar steadied on Friday, capping a week marked by significant economic and geopolitical events that sent ripples through global markets.
    Open article
  7. Markets1h 56m ago
    Morningstar valued SpaceX at $63 per share, significantly below its indicative IPO price of $135 and bullish targets of $190.
    Open article
  8. Currently Reading1h 56m ago
    SpaceX's shares jumped 17% on Friday, pushing its valuation above $2 trillion during its Nasdaq debut, following a record-setting $75 billion initial public offering.
  9. Markets2h 10m ago
    Canada’s main stock index was up more than 300 points in late-morning trading.
    Open article
  10. Markets2h 10m ago
    Canada’s main stock index was up more than 300 points in late-morning trading, helped by strength in the base metal and financial sectors, while U.S. stock markets also surged higher.
    Open article
  11. Markets2h 37m ago
    U.S. stocks are rising Friday after oil prices fell again and as Wall Street waits for the highly anticipated debut of SpaceX coming later in the day.
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  12. Markets3h 37m ago
    U.S. stocks are drifting Friday as oil prices fell and Wall Street awaits the highly anticipated debut of SpaceX later in the day.
    Open article
  13. Markets4h 4m ago
    US stocks drifted on Friday as falling oil prices supported sentiment, while investors turned their attention to the highly anticipated stock market debut of SpaceX.
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  14. Markets4h 7m ago
    U.S. stocks are drifting Friday as oil prices fell and Wall Street awaits the highly anticipated debut of SpaceX.
    Open article

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