SpaceX Stock Soars 20% in Historic $75 Billion Market Debut

Elon Musk's space company SpaceX just made history with the biggest stock market debut ever, and investors are celebrating.

The company's shares opened for public trading at $162 on Friday, jumping 20% from their initial price of $135. This means if you bought shares at the IPO price (Initial Public Offering - when a company first sells shares to the public), you would have made a 20% profit in just one day.

SpaceX raised an incredible $75 billion by selling 555.6 million shares, making it the largest IPO in history. The company is now valued at about $1.8 trillion - that's more than many countries' entire economies.

Key facts about SpaceX: • The company makes money from rocket launches, government contracts, and Starlink (satellite internet service) • Generated $19 billion in revenue last year • Owns 18,712 Bitcoin worth about $1.2 billion • Trades on the Nasdaq stock exchange under the symbol "SPCX"

For everyday investors, this is the first chance to own a piece of SpaceX, which has revolutionized space travel with reusable rockets (rockets that can land and be used again, saving millions). The company's Starlink service provides internet to remote areas worldwide through satellites.

While SpaceX shares surged, Bitcoin remained flat around $63,400, though some AI and crypto-related stocks saw small gains.

This is an AI-generated summary. Read the original article at: https://www.coindesk.com/markets/2026/06/12/spacex-opens-at-usdtk-in-blockbuster-nasdaq-debut