Elon Musk’s rocket company just became the biggest public bet in history

SpaceX shares jumped 11% on their first day on the Nasdaq, reaching a high of $168 after a massive $135 starting price.

For years, regular people could only watch from the ground as rockets went up. Now, anyone with a brokerage account can own a piece of the stars.

SpaceX finally hit the stock market on Friday morning. It was the largest debut ever seen on Wall Street. The company trades under the ticker symbol SPCX.

The stock started at $150 and climbed quickly. By noon, it hit $168 as investors rushed to buy in. The company sold 555.6 million shares to keep up with the crowds.

Experts say the market is still trying to figure out what a rocket company is really worth. This means the price might jump around a lot in the coming weeks.

What the evidence shows

Initial price set by the company: $135
Opening price on the market: $150 per share
Midday peak: $168 per share
Total shares sold: 555.6 million
Stock ticker symbol: SPCX

The Bigger Question

Is this about space, or is it about control? SpaceX now has to answer to thousands of small owners instead of just one billionaire.

We have to ask if the pressure to make money every three months will slow down the mission to reach Mars. Can a company stay focused on the future when the stock market only cares about today?

The Other Side

Some experts worry the stock is too expensive. They say the price is based on hype rather than how much money the company actually makes right now. This argument looks strong because the stock is already swinging up and down wildly.

What Happens Now

This move puts billions of dollars into the space race. It could speed up satellite internet for rural areas.

But it also means your retirement fund might now depend on whether a rocket stays in one piece. The risks of space travel are now the risks of the stock market.

What We Still Don't Know

Will the price crash once the first-day excitement fades?
How much of this new money will go toward the Mars mission?
Will Elon Musk keep total control over the big decisions?

Source Note: Information from manual reports and market data.

Transparency notes

Published: Jun 12, 2026. No major post-publication update has been logged.

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Sources

External source links were not provided in this article body. Our editors reference publicly available materials and update stories as new verified information arrives.