SpaceX began trading on Friday at $150 per share, an 11 percent increase from its initial public offering price of $135. The debut marks the most anticipated stock market entry in recent history and caps years of growth for the aerospace company founded by Elon Musk.
The successful opening followed months of preparation documented in the company's S-1 registration filing. TechCrunch reported that the IPO process included examination of who stands to benefit from the public offering and analysis of pre-IPO deals that preceded the stock market debut.
The trading launch created immediate ripple effects across financial platforms. Robinhood reported record-breaking traffic as customers rushed to purchase shares, with some users experiencing intermittent disruptions that the platform said have since been resolved. The surge in trading activity demonstrated widespread public interest in accessing SpaceX stock.
The IPO also propelled Musk to a historic milestone. His stake in the newly public company pushed his total net worth above one trillion dollars, making him the first person to achieve trillionaire status. The valuation comes as Musk holds significant influence across multiple industries through his various business ventures.
SpaceX's market debut is part of a broader resurgence in technology company public offerings. The IPO market has returned with a different group of companies leading the charge, including artificial intelligence firms Anthropic and OpenAI, which are also preparing for public offerings in the same window. This wave of high-profile debuts represents a shift from the previous era dominated by established technology giants, testing investor appetite for a new generation of companies focused on space exploration and artificial intelligence.