SpaceX started trading publicly on June 12, 2026, with shares priced at $135 but jumping to $150 on the first day — an 11% jump that instantly made the company worth $1.96 trillion. To put that in perspective: that places SpaceX alongside the world's most valuable tech giants like Apple and Microsoft, according to its SEC filing.

The company raised about $75 billion in cash from this stock sale — one of the largest amounts ever raised by any company going public. The IPO price was $135 per share. But once trading began, investors immediately bid the price up to $150, adding roughly $190 billion to the company's value before lunch ended.

SpaceX submitted its financial information to the government in May 2026 and gave investors only three weeks to read it before the stock started trading. In the first three months of this year, SpaceX brought in $4.69 billion in revenue from its rocket launches and Starlink internet service.

Why Is SpaceX Worth So Much?

SpaceX owns something almost nobody else has: the ability to launch heavy rockets into space reliably and affordably. It also owns Starlink, a growing satellite internet business that already has millions of customers paying monthly subscriptions.

The $1.96 trillion valuation means investors are betting SpaceX will grow enormously over many years. When you divide the company's value by its current revenue, you get a ratio of about 100 — meaning investors are paying $100 in stock price for every $1 the company makes per year. That's a big bet. It leaves almost no room for failure. If SpaceX faces engineering problems, loses a major government contract, or faces new competition, the stock price could fall sharply.

The Numbers on the Table

SpaceX's most recent quarterly revenue was $4.69 billion. This comes from two sources: customers who pay to launch rockets (including NASA and the military) and customers who pay for Starlink internet. The company hasn't said how much profit each business makes separately — which matters because government launch contracts may be more profitable than consumer internet subscriptions, or vice versa.

The quick timeline between when SpaceX filed its paperwork (May 20) and when shares started trading (June 12) suggests the company was confident investors would want to buy. Investors now get to watch whether SpaceX's actual results match the $1.96 trillion price tag.