The stock market closed higher on June 12 as SpaceX made its historic debut on the Nasdaq, with the aerospace company’s record-breaking initial public offering and progress toward a U.S.-Iran peace deal both lifting investor sentiment.
SpaceX’s stock opened at $150 per share on Friday, an 11% jump from its $135 IPO price, and closed at $160.95, a gain of 19% on its first day of trading under the ticker SPCX. The company raised $75 billion in the largest IPO ever recorded, according to multiple sources including Bloomberg and Reuters, shattering the previous record set by Saudi Aramco in 2019, which raised $25.6 billion.
The broader market responded positively to SpaceX’s surge. The S&P 500 rose 0.5% to 7,431.46, the Dow Jones Industrial Average added 0.7%, and the Nasdaq Composite gained 0.3%, according to reporting from LancasterOnline and Barron’s. The gains capped a positive week for U.S. equities as investors digested the historic tech listing.
Beyond the IPO, easing geopolitical tensions supported the broader rally. Reuters reported that the U.S. and Iran signaled a peace deal was near, with negotiations advancing on a memorandum of understanding expected to be signed in Geneva as early as June 14. The proposed agreement would reopen the Strait of Hormuz and lift the U.S. naval blockade on Iranian ports, according to Reuters sources. Oil prices fell on the prospect of a deal, as reduced Middle East tensions typically ease concerns over supply disruptions.
The SpaceX offering valued the company at approximately $1.75 trillion, making it instantly one of the world’s largest publicly traded companies. The IPO pricing and debut marked a significant moment for the space industry, with the company’s valuation exceeding that of most Fortune 500 companies. When the previous record holder, Saudi Aramco, went public in December 2019, the oil giant’s $25.6 billion raise was hailed as historic—yet SpaceX’s $75 billion offering nearly tripled that figure, according to Bloomberg and The New York Times.
Investors’ willingness to embrace the SpaceX offering at such a scale reflected broader confidence in technology and space-economy growth, even as macro concerns around inflation and interest rates persist. The strong IPO demand and first-day pop suggested robust appetite for exposure to Elon Musk’s rocket company and its satellite, artificial intelligence, and launch-services businesses.
Sources
- LancasterOnline — S&P 500, Dow, and Nasdaq closing levels on June 12, 2026.
- Barron’s — Stock market summary for June 12, 2026, confirming index gains.
- Bloomberg — SpaceX IPO pricing, valuation, and first-day trading performance; Saudi Aramco IPO comparison.
- Reuters — U.S.-Iran peace deal negotiations and proposed terms; SpaceX IPO record status.
- CNBC — SpaceX stock closing price and IPO details.
- The New York Times — SpaceX IPO pricing and historical context on largest IPOs.
- Yahoo Finance — SpaceX opening price and first-day trading gains.
- Houston Public Media (NPR) — SpaceX stock first-day closing price and percentage gain.
