SpaceX shares gain 17% as trading begins, valuing Elon Musk’s rocket company at more than $2 trillion

CEO Gwen Shotwell and SpaceX executives ring the opening bell at the Nasdaq on June 12th, 2026. Adam Jeffery | CNBC

SpaceX shares soared on Friday as trading commenced on the Nasdaq, driving the rocket company’s valuation above $2 trillion.

The Elon Musk-led space company’s stock traded 17% higher in midday trading.

SpaceX opened at $150 per share, marking a roughly 11% gain over its $135 IPO price. But that number was off the $175 level initially shown in indications of interest to trading desks.

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