SpaceX priced its initial public offering at $135 per share on June 12, 2026, raising a record $75 billion. Underwriter options lift that figure to $86 billion. Trading on Nasdaq as SPCX, the company opened at a $1.77 trillion valuation. Shares surged as high as $226 before pulling back 32%.
Earlier in 2026, SpaceX purchased xAI, Elon Musk’s artificial intelligence venture, integrating AI into its space operations. The move signals a deeper push into AI-driven optimization.
Post-IPO, speculation intensified about a potential merger between SpaceX and Tesla. SpaceX President Gwynne Shotwell publicly acknowledged the possible benefits, but no formal talks have occurred. Analysts project a combined entity could be worth over $3 trillion. However, Tesla’s uneven stock performance could inject volatility for SPCX shareholders expecting a pure-play aerospace and AI narrative.
No crypto assets were tied to the IPO or merger discussions.