SpaceX priced 555.6 million shares at $135 each to raise $75 billion, making it the largest IPO in history, according to TechCrunch. On day one, the stock opened at $150 on the Nasdaq — an 11% gain — then climbed to $160.95 by close, up 19%.
By its first full trading day, SpaceX shares had reached $186.15, up more than 15% as of 2:30 p.m. ET. Robinhood reported record-breaking platform traffic in the hours after the debut.
Musk posted on X: "I love the incredible people of SpaceX beyond words." He later reposted IPO-related content including a photo of insiders wearing green shoes, a reference to the "green shoe option" — underwriter language for selling additional shares if demand warrants it.
SpaceX COO Gwynne Shotwell told CNBC on June 12 that a merger between SpaceX and Tesla "might make Elon's life a little easier."
Investment banks collected roughly $500 million in fees. Goldman Sachs and Morgan Stanley led the underwriting, per the Wall Street Journal.
