SpaceX completes initial public offering at 135 dollars per share

SpaceX went public on June 12, 2026, with shares priced at $135 each before trading began. On the first day, the stock opened at $150 and climbed as high as $176.52. It closed at $160.95, giving the company a total value of $1.77 trillion. However, within 24 hours the share price had fallen back to between $120 and $130. Not all investors were enthusiastic. A Danish pension fund refused to buy SpaceX shares, saying the company's leadership structure had problems and that the price was too high. The sharp drop after the first day suggested that some buyers agreed the company had been valued too generously at the start.