21:19 - 15.06.2026
June 15, Fineko/abc.az. Elon Musk’s aerospace, aviation, and artificial intelligence conglomerate, Space Exploration Technologies Corp. (SpaceX), has successfully finalized its initial public offering (IPO) process. Following the full exercise of the over-allotment greenshoe option, the corporate giant boosted its total gross proceeds to a staggering $85.7 billion.
According to ABC.AZ, monitoring Wall Street indicators, the landmark transaction comprised the placement of 638.9 million Class A ordinary shares, alongside an additional 83.3 million shares allocated via institutional underwriters to clear overwhelming market backlogs.
Nasdaq Trading Technical Performance:
First-Day Premium: Debuting on the Nasdaq Global Select Market on June 12 under the ticker "SPCX" at a primary offering price of $135, the equity opened at $150 and tested a session high of $176,52. SpaceX locked in a 19.2% gain on day one, closing at $160.95.
Market Cap Surpasses $2 Trillion: Backed by a post-listing market valuation comfortably exceeding the $2 trillion milestone, the asset maintained upward velocity during its second official session today (June 15), opening up by over 6%.
