SpaceX stock has surged past $210 in its first week of public trading, soaring 57% above its $135 initial public offering price set on June 11, 2026, and making the aerospace and satellite company one of the fastest-climbing new listings in market history.
The stock opened at $150 on June 12, its first trading day on the Nasdaq, and closed at $160.95, up 19% from the IPO price, according to CNN. On June 15, shares gained another 20% in their first full trading day following the weekend, according to CNBC. By today, June 16, SpaceX shares were trading as high as $225.64 and were up 10% at $211.63, giving the company a market value exceeding $2.7 trillion, according to Reuters.
SpaceX’s IPO raised $75 billion, the largest ever in capital markets history, surpassing Saudi Aramco’s previous record of $29.4 billion in 2019. The underwriters later exercised what’s known as a greenshoe option to purchase additional shares, increasing total proceeds to $85.7 billion, Reuters reported.
The stock’s explosive four-day climb reflects extraordinary retail and institutional demand for Elon Musk’s company, which combines rockets, satellites, and artificial intelligence through its recent merger with xAI. On June 16, the launch of options contracts in SpaceX stock—which allow traders to bet on price moves—added fuel to the rally. More than 500,000 options contracts traded within the first hour, according to Trade Alert data cited by Reuters. When options dealers hedge their positions, they often buy and sell the underlying stock, which can amplify price swings.
Trading volume was unprecedented. SpaceX shares had a turnover of $44 billion by noon on June 16, the highest among all large U.S.-listed companies that day, outranking chipmaker Micron Technology’s $28 billion, Reuters reported. Retail investors—who received about 20% of the IPO allocation—bought net $43.2 million worth of shares as of 10:10 a.m. on June 16, adding to more than $200 million in net purchases over the prior two sessions, according to Vanda Research data cited by Reuters.
The stock’s rapid ascent has drawn both enthusiasm and caution. Brent Kochuba, founder of options analytics service SpotGamma, told Reuters that the heavy options volume likely lifted the stock early in the session. Joe Saluzzi, co-head of equity trading at Themis Trading, cautioned to Reuters that “it’s a $2.5 trillion company, but it certainly feels like one of those meme stocks, the way it’s trading.”
Analysts expect further volatility ahead. SpaceX is set for fast-track inclusion in the Nasdaq 100 index, and FTSE Russell and MSCI will add the stock to their indexes effective June 26 and June 29, respectively, according to Reuters. These index inclusions typically trigger passive fund buying, which could drive additional gains. Zephirin Group, in initiating coverage with a “buy” rating, told Reuters it saw “the combination of passive flows, momentum, and limited float driving upside beyond historical index-addition moves.”
SpaceX also announced on June 16 that it would acquire software company Anysphere for $60 billion, according to Reuters, signaling aggressive expansion plans even as its stock trades at elevated levels.
Sources
- Reuters — SpaceX stock price on June 16 at $211.63 and high of $225.64, market value exceeding $2.7 trillion, options launch details, retail investor buying data, analyst commentary, index inclusion timeline, Anysphere acquisition announcement
- CNN — SpaceX stock opened at $150 on June 12 and closed at $160.95, up 19% from IPO price
- CNBC — SpaceX stock gained 20% on June 15 in first full trading day following weekend
- Investing.com — SpaceX IPO priced at $135 per share, raising $75 billion, largest IPO in history
- Trade Alert data — More than 500,000 SpaceX options contracts traded within first hour on June 16
- Vanda Research — Retail investor buying data, $43.2 million net purchases as of 10:10 a.m. on June 16
