Space Exploration Technologies Corp. Class A Common StockRecord IPO pricing and strong first-day gains, with shares closing up 19% at $160.95, giving a $2.1 trillion valuation.

SpaceX’s record $86.2 billion initial public offering allocated at least one share to every eligible retail customer who requested through Robinhood, Charles Schwab, Fidelity and SoFi, but most individuals received just a handful due to demand exceeding $100 billion. The company priced at $135 a share on June 11 and opened at $150 on June 12, an 11% jump, before closing up 19% at $160.95, giving it a valuation of about $2.1 trillion — the largest U.S. IPO on record. Despite the retail-friendly structure, which set aside up to 30% of the deal for individuals, the final retail share was about 20%, and in the U.K., retail buyers asked for nearly $1 billion of stock but received about $364 million. Jim Cramer of CNBC said it is not too late to buy but only for long-term holders, while noting that buying now means paying nearly 50% more than IPO investors did for a company with a $41.3 billion accumulated deficit and a $4.27 billion loss in the first quarter of 2026.
Space Exploration Technologies Corp. Class A Common StockRecord IPO pricing and strong first-day gains, with shares closing up 19% at $160.95, giving a $2.1 trillion valuation.