Instant Reaction: SpaceX Jumps in First Trades Following Record $75 Billion IPO
Bloomberg Tech
Bloomberg
4.3 • 71 Ratings
🗓️ 12 June 2026
⏱️ 17 minutes
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Summary
Shares of SpaceX climbed in their first day of trading on Friday following a $75 billion IPO that smashed records and instantly turned the crown jewel of Elon Musk’s empire into one of the most valuable public companies in the world.
The stock climbed as high as $176.52, or 31% above its offering price, less than two hours after the shares started trading shortly before noon in New York. The jump in price turned Musk into the world’s first trillionaire and sent the company’s market capitalization above $2 trillion.
For instant reaction and analysis, Bloomberg's Kailey Leinz speaks with:
- Yahaira Anand, Bloomberg Television Reporter
- Craig Trudell, Bloomberg News Managing Editor of Global Business Coverage
- Ed Ludlow, Bloomberg Tech co-host
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Transcript
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| 0:00.0 | Hi, I'm David Weston. |
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| 0:38.7 | This is a breaking news update from Bloomberg. |
| 0:42.8 | Instant reaction and analysis from our 3,000 journalists and analysts around the world. |
| 0:49.4 | I'm Kaylee Lines in Washington, but clearly all eyes are on New York today as SpaceX launches into public markets. |
| 0:56.0 | A record-setting IPO of $75 billion priced at $1.35 a share. The stock opens on the NASDAQ, |
| 1:02.1 | 11% higher than that at $150. And as we speak, down at the NASDAQ where this trading got underway, |
| 1:07.8 | we find Bloomberg's Jihara on it, who will check in with in just a moment, |
| 1:12.3 | as we consider it raised $75 billion in that initial offering, valuing the company at just about |
| 1:17.3 | $1.8 trillion, that valuation, that market cap, obviously significantly higher with the gain we |
| 1:22.3 | are seeing today north of $2 trillion. So let's go to Yehira now at the NASDAQ for more. So Yehira, obviously, |
| 1:29.5 | we're setting records here. What is the vibe like at the NASDAQ right now? It seems everything |
| 1:34.1 | in this process has gone pretty smoothly. Yeah, pretty smoothly for the biggest IPO we've ever seen. |
| 1:40.8 | And I will say the excitement, especially in the last hour as we were getting closer |
| 1:45.6 | to trading was palpable. You felt it here at the NASDAQ. They are all scrambling, making sure |
| 1:51.4 | it all went off without a hitch. And then outside, you have all the Musk fans gathering, |
| 1:59.0 | hoping to get a glimpse of him. But as you and I know, he was over in Texas. |
... |
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