{"id":63051,"date":"2026-06-12T07:38:11","date_gmt":"2026-06-12T11:38:11","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/spacex-set-for-historic-nasdaq-debut-largest-ipo-ever-to-begin-trading-today\/63051\/"},"modified":"2026-06-12T07:38:11","modified_gmt":"2026-06-12T11:38:11","slug":"spacex-set-for-historic-nasdaq-debut-largest-ipo-ever-to-begin-trading-today","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/spacex-set-for-historic-nasdaq-debut-largest-ipo-ever-to-begin-trading-today\/63051\/","title":{"rendered":"SpaceX Set for Historic Nasdaq Debut: Largest IPO Ever to Begin Trading Today"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>SpaceX (<a href=\"\/stock\/SPCX\">SPCX<\/a>)<\/strong> has priced the largest initial public offering in history at <strong>$135 per share<\/strong>, raising <strong>$75 billion<\/strong> and valuing the company at approximately <strong>$1.77 trillion<\/strong>.<\/li>\n<li>Shares are scheduled to be <strong>quoted at 9:50 AM ET<\/strong> on the Nasdaq, with official <strong>trading expected to commence at 10:00 AM ET<\/strong> today, June 12, 2026.<\/li>\n<li>The offering was massively oversubscribed, attracting over <strong>$250 billion in total demand<\/strong>, including more than <strong>$100 billion from retail investors<\/strong> who were allocated an unusual <strong>30% of the float<\/strong>.<\/li>\n<li>The public entity now includes the recently acquired <strong>xAI<\/strong>, merging Elon Musk\u2019s rocket, satellite internet (Starlink), and artificial intelligence ventures into a single market powerhouse.<\/li>\n<\/ul>\n<p>Space Exploration Technologies Corp., better known as SpaceX (<a href=\"\/stock\/SPCX\">SPCX<\/a>), is poised to make stock market history this morning as it begins trading on the <strong>Nasdaq Global Select Market<\/strong>. After pricing its IPO late Thursday at <strong>$135 per share<\/strong>, the company has officially surpassed Saudi Aramco\u2019s 2019 record to become the largest public offering of all time.<\/p>\n<p>The market debut follows a period of intense investor frenzy, with institutional books reportedly closing with <strong>$150 billion in orders<\/strong>. Retail interest was equally unprecedented, as platforms like Robinhood (<a href=\"\/stock\/HOOD\">HOOD<\/a>) and Fidelity handled more than <strong>$100 billion in requests<\/strong> from individual traders. This high demand is expected to lead to significant volatility and a potential &quot;pop&quot; when the first trades execute at <strong>10:00 AM ET<\/strong>.<\/p>\n<p>SpaceX (<a href=\"\/stock\/SPCX\">SPCX<\/a>) enters the public arena not just as a space launch provider, but as a diversified conglomerate. The company\u2019s S-1 filing highlighted three core pillars: <strong>Space (launch services)<\/strong>, <strong>Connectivity (Starlink)<\/strong>, and <strong>AI (xAI)<\/strong>. Starlink remains the primary profit engine, having surpassed <strong>10 million subscribers<\/strong> earlier this year, while the integration of xAI and its &quot;Grok&quot; platform adds a high-growth artificial intelligence component to the thesis.<\/p>\n<p>Despite the record-breaking valuation, some analysts have voiced caution regarding the company&#39;s financials. SpaceX (<a href=\"\/stock\/SPCX\">SPCX<\/a>) reported a <strong>$4.9 billion net loss<\/strong> in 2025 on <strong>$18.7 billion in revenue<\/strong>, largely due to heavy capital expenditures for the Starship program and AI infrastructure. <em>Morningstar analysts<\/em> have warned that the current valuation of <strong>94 times sales<\/strong> leaves &quot;almost no room for execution errors,&quot; suggesting that the stock is significantly overvalued compared to its underlying fundamentals.<\/p>\n<p>The listing is also expected to have a profound impact on the personal wealth of founder <strong>Elon Musk<\/strong>. With a valuation of <strong>$1.77 trillion<\/strong>, Musk\u2019s retained <strong>82% voting power<\/strong> and significant equity stake could officially make him the world\u2019s first <strong>trillionaire<\/strong> by the closing bell. Meanwhile, the Nasdaq has already adjusted its rules to allow SpaceX (<a href=\"\/stock\/SPCX\">SPCX<\/a>) to join the <strong>Nasdaq-100<\/strong> index in as little as 15 trading days, ensuring rapid inclusion in major passive investment funds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways SpaceX (SPCX) has priced the largest initial public offering in history at $135 per share, raising $75 billion [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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