SpaceX was warmly welcomed by investors on its stock market debut, raising the company’s valuation to more than $2 trillion and cementing its place among the world’s most valuable listed companies.After raising $75 billion in the largest IPO ever, SpaceX began trading under the ticker SPCX at $150, up 11% from its IPO price of $135, according to an ET report.The stock rose to a high of $176.52 during the session before ending the day at $160.95, a gain of roughly 19% from the offer price.According to Companies Marketcap data, the rise lifted SpaceX to seventh place among the world’s most valuable listed companies.With a market value of about $2.1 trillion at Friday’s close, SpaceX now falls behind Taiwan Semiconductor Manufacturing Company (TSMC), which is valued at $2.9 trillion.Nvidia remains the world’s most valuable company with a market cap of $4.72 trillion, followed by Alphabet at $4.15 trillion, Apple at $4.06 trillion, Microsoft at $2.76 trillion, Amazon at $2.44 trillion, and TSMC at $2.9 trillion.
SpaceX, worth $2.1 trillion, is now in seventh place.
Demand from investors drives debut
Investor demand was clear throughout the session. More than 500 million shares were traded on its debut, a number close to Facebook’s first-day trading volume of about 580 million shares in 2012.The momentum didn’t stop when the closing bell rang. SpaceX shares continued to rise in extended trading, rising nearly 3.5% to $166.76 as of 6:30 PM ET.Nearly 16 million shares changed hands in after-market activity, in addition to the more than 500 million shares traded during regular business hours.The after-hours advance pushed the company’s market capitalization another $80 billion, to about $2.2 trillion.
Musk’s fortune exceeds $1 trillion
The hugely successful debut was also a watershed moment for Musk personally. The surge in SpaceX shares has pushed his net worth to $1.11 trillion, making him the world’s first trillionaire.According to the Bloomberg Billionaires Index, Musk’s wealth now exceeds that of Larry Page, Sergey Brin, Jeff Bezos and Larry Ellison, whose combined net worth is $1.089 trillion.The frenzy surrounding the stock has been driven not only by institutional investors, but also by retail traders eager for exposure to one of Musk’s flagship companies.Despite receiving a lower-than-expected allocation to the IPO, retail investors piled into shares in their debut.According to a CNBC report, data from VandaTrack showed that SpaceX was the most purchased stock by retail traders on a net basis during Friday’s session, while it was also among the most discussed names on Reddit’s WallStreetBets forum ahead of the listing.
Losses fail to deter investors
What makes the enthusiasm particularly striking is that SpaceX is still making losses. The company reported 2025 revenue of $18.67 billion and a net loss of $4.94 billion.However, investors appear to be focused on future opportunities across satellite broadband, launch services, defense contracts and AI-related businesses rather than current profitability. Musk is also expected to retain effective control of SpaceX after the IPO.Regulatory filings show it will hold about 82.4% of voting rights through Class B shares, which carry 10 votes per share. Meanwhile, public investors will own Class A shares that carry one vote per share.
