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Space exploration has always been about pushing limits, and on Wall Street, SpaceX is doing exactly that.
Just 4 trading days after its historic debut on the Nasdaq, Space Exploration Technologies Corp (SPCX) crossed the $200 mark this morning, June 16, 2026, delivering an astonishing 48% return to investors who got in at the IPO price of $135 per share.
The Biggest IPO in History Gets an Even Bigger Welcome
When SpaceX went public on June 12, 2026, it was already making history. The company raised $75 billion through its IPO, surpassing Saudi Aramco’s 2019 record of $29 billion to become the largest public offering ever. At its IPO price of $135 per share, SpaceX was valued at approximately $1.75 trillion, making it one of the most valuable companies on the planet from day one.
The demand was staggering. The order book ran more than twice oversubscribed, with around $150 billion in orders chasing the $75 billion raise. That kind of appetite from investors made it clear that the market had been waiting a long time for this moment.
A Record-Breaking First Week
From the moment SPCX began trading, the stock moved up. It closed at $199.21 on Monday, June 15, tantalizingly close to the $200 milestone, and this morning the market wasted no time pushing it past that mark. The stock’s market cap has now climbed to over $2.52 trillion, placing SpaceX in an elite tier alongside the world’s most valuable companies.
Why Investors Are So Excited
SpaceX is not a typical IPO story. The company founded by Elon Musk in 2002 had remained private for 24 years, quietly building what many consider the world’s most technologically advanced aerospace operation. Its Starlink satellite internet division alone accounts for an estimated 58% of the company’s total revenue, and its subscriber base continues to grow rapidly.
What also set this IPO apart was its unusually retail-friendly structure. SpaceX reserved approximately 30% of its public shares for everyday investors, compared with the typical 5-10% seen in most large offerings. That decision opened the door to millions of individual investors and contributed to the wild demand seen during the roadshow and beyond.
What Comes Next
Crossing $200 per share is a psychological milestone, but it also raises the natural question of what comes next for SPCX. Analysts have set price targets ranging from $63 to $227. It reflects uncertainty about how to value a company operating at the intersection of satellite internet, rocket launches, and ambitions to put data centers into space.
SpaceX is expected to release its next earnings report on September 2, 2026, which will be the first major financial update since going public. That report will give investors a much clearer picture of the company’s revenue trajectory, its spending on the Starship program, and the continued growth of Starlink.
Wrapping Up
SpaceX has gone from a closely guarded private company to one of the most-watched stocks on Wall Street in just four trading days. Whether the stock holds above $200 or pulls back in the days ahead, investors believe in Elon’s mission, and they are putting serious money behind it.
If you were lucky enough to get shares at $135, you are already sitting on a 48% gain. And if you missed the IPO, the story of SpaceX on public markets is only just beginning.
