At long last, the moment has arrived. SpaceX, long rumored to be on the verge of going public, has finally completed its initial public offering (IPO) on Nasdaq. Its ticker symbol is "SPCX." This marks the dawn of an era in which anyone can buy shares in a company running at the very front line of the space business.
In this article, we'll lay out, in an easy-to-follow breaking-news format, "what happened" with this listing, and deliver the whole package — from the market's sense of anticipation to a forecast of where SpaceX shares go from here.
Breaking Summary: What Happened
First, let's pack the key points of this news into a tight summary.
- SpaceX listed on Nasdaq on June 12, 2026 (ticker: SPCX)
- The offering price (IPO price) was $135 per share
- The opening price on the first trading day was $150, up about 11% from the offering price
- The amount raised was about $75 billion (about 11 trillion yen), one of the largest IPOs ever
- Its corporate value (market capitalization) was assessed at about $1.75 trillion (about 260 trillion yen)
Some of you may not quite get it — "A rocket company on the stock market?" But today's SpaceX is not a company that just launches rockets. It has transformed into a vast technology conglomerate that bundles together the satellite internet service "Starlink," the next-generation giant rocket "Starship," and even the AI division "xAI."
One of the Largest IPOs Ever — Its "Off-the-Charts"
Scale
What's especially noteworthy about this IPO is the sheer size of its scale.
The figure of about $75 billion raised is a level that more than doubles the record of the 2019 Saudi Aramco (Saudi Arabia's state-owned oil company) IPO, which had been considered the "largest IPO in history" until now. In other words, it can be called an event that rewrites the history of the stock market itself.
The assessed corporate value is about $1.75 trillion. In Japanese yen, that's roughly on the scale of 260 trillion yen. It's a sense of scale equivalent to bundling together several of Japan's leading large corporations, starting with Toyota Motor. From the image of a "space-development venture," it has surged in one leap to become one of the largest listed companies in the world.
Behind being able to raise such a colossal sum is the rapid growth of "Starlink," which we'll touch on later.
Opening at $150 — How Did the Market's "Sense of Anticipation"
Move?
Before the listing, there were voices among those involved saying, "The opening price might go even higher." In fact, there were reports that the trading desk had initially indicated a bullish level of $175 per share.
When the lid came off, the opening price was $150. That's about 11% above the offering price of $135 — a solid start. It settled a bit below the bullish pre-listing forecast ($175), but the fact that it was "firmly bought from day one" still speaks to the strength of the market's sense of anticipation toward SpaceX.
The market's fervor was high even before the listing: on one prediction-market platform, many participants expected it to "exceed a $2 trillion market cap on its first day of listing." There were even moves by investors trying to get ahead, taking positions at prices about 30% above the offering price. That's how much the fever of "not wanting to miss out" had spread around the world.
Why Is It Drawing This Much Attention?
Let's look at the reasons SpaceX commands such a high valuation in terms of three pillars.
(1) Starlink: The Satellite Internet That Earns
The mainstay supporting SpaceX's revenue is the satellite internet service "Starlink." Its strength is being able to provide high-speed internet even in mountainous areas, at sea, and in disaster zones where terrestrial networks are hard to reach, and its subscriber count has grown to about 10.3 million.
While the rocket business carries the "dream," Starlink has grown into a business that steadily generates money. These two wheels — "dream" and "revenue" — are the biggest reason investors are drawn in.
(2) Starship: A Revolution in Space Transport
The next-generation super-heavy rocket "Starship" aims to carry people and cargo into space at low cost. Beyond crewed flights to the Moon and Mars, it is also expected as a future means of transport that moves at ultra-high speed to anywhere on Earth. If realized, it holds the potential to rewrite the transport industry itself.
(3) xAI: Fusion with AI
This corporate-value assessment is said to include, in addition to rockets and Starlink, the AI division "xAI." The combination of the vast data cultivated through space development and cutting-edge AI is drawing the market's interest as a new growth engine.
An Unusual Allocation of Up to 30% to Individual Investors
Another thing that became a talking point in this IPO was the large allocation to individual investors.
In a typical IPO, the portion handed to individual investors is generally around 5–10% of the whole. This time, however, it was reported that a policy of allocating up to 30% to individuals was discussed. That's more than three times the usual level.
The stance of "opening up the chance not only to institutional investors (professionals) but also to ordinary people" was good news for many individual investors. To be able to take part from the very start in a stock drawing attention worldwide — this point further accelerated the pre-listing buzz.
Forecast: What Happens to SpaceX Shares?
From here is an outlook based purely on the current situation.
In the short term, caution about wild price swings may be warranted. Precisely because it's a stock drawing this much attention, it's prone to being bought on running anticipation, while it can also swing widely on the slightest piece of bad news. Right after listing, a phase in which the "celebratory market" and "profit-taking sales" clash, with the price prone to swinging up and down, is expected to continue.
Over the medium-to-long term, the key, after all, is Starlink's growth. Whether it can grow the subscriber figure of 10.3 million further and keep generating stable profits — this becomes the lifeline supporting its valuation. In addition, if Starship's development proceeds smoothly and the cost of space transport can be lowered, it could become a major upside factor as a new revenue source.
On the other hand, there are risks too. Because it's a business that keeps making enormous investments, if deficits or development delays come to the surface, they will weigh on the stock price. Space development has high technical hurdles and is also swayed by launch failures and regulatory trends. Precisely because it's a "company full of dreams," one needs to face the gap between expectations and reality calmly.
Even so, there's no doubt that SpaceX — standing at the center of the grand theme of humanity's advance into space — has leapt into a starring role in the stock market. We're in for a development we can't take our eyes off, watching its price moves and the evolution of its business from here.
Summary
Finally, let's review the key points of this story.
- SpaceX listed on Nasdaq on June 12 (ticker: SPCX), with an offering price of $135 and an opening price of $150
- The amount raised was about $75 billion — one of the largest ever — and its corporate value about $1.75 trillion
- The source of its strength is its three pillars: Starlink (10.3 million subscribers), Starship, and xAI
- An unusual allocation of up to 30% to individual investors further boosted attention
- Going forward, while watching out for short-term price volatility, Starlink's growth is the key over the medium-to-long term
A historic day on which the space business has finally become familiar as a "theme for investing." Let's watch over SpaceX's journey from here together, with a sense of excitement.
Note: This article is commentary/breaking news based on publicly available information and does not recommend the purchase of any particular stock. Investment is ultimately to be made at your own judgment and responsibility.
