SpaceX jumps 8% as SPCX nears $2.28T market cap

SpaceX shares climbed 8.06% to $173.91 by about 11:37 a.m. Eastern on Monday, June 15, 2026, with trading volume above 106.6 million shares. The stock opened at $171.81 and traded between $168.36 and $175.90 after closing at $160.95 on Friday.

The company priced its initial public offering at $135 per share, selling 555.6 million shares and raising $75 billion. At the IPO price the company’s valuation was about $1.77 trillion to $1.8 trillion. By mid-day Monday SPCX’s intraday market capitalization was roughly $2.275 trillion to $2.284 trillion, briefly ranking the firm among the six largest public companies by market value and surpassing Taiwan Semiconductor Manufacturing Company in that snapshot.

Elon Musk holds approximately 46.4% of SpaceX following the listing. Estimates place his net worth above $1 trillion, in a range near $1.2 trillion to $1.3 trillion after the IPO.

Investors tracked SPCX alongside other high-beta assets. Bitcoin traded above $67,000 mid-day Monday. SpaceX’s balance sheet includes about $1.25 billion in bitcoin, equal to roughly 18,712 BTC.

On a trailing 12-month basis, SpaceX reported revenue near $19.3 billion, with Starlink identified as the main growth business. Other revenue sources include launch services, contracts with NASA and defense agencies, and Starship development work. The company reported a trailing net loss of about $9.36 billion and a negative profit margin near 45%. At the Monday price, SPCX traded near a price-to-sales ratio of about 109.

Near-term items investors will monitor include SpaceX’s first public earnings report for Starlink subscriber and margin data, upcoming Starship test milestones, and any new government or enterprise contracts. Market factors expected to affect the stock’s trading path include intraday momentum, lockup expirations that may increase available share supply, and potential future capital raises.

Analysts and investors identify several execution and market risks: further Starship delays, the capital required to scale Starlink, regulatory and spectrum disputes, lockup expirations, possible dilution from future financings, and the allocation of executive attention across multiple companies. Trading activity and company reports in coming weeks are likely to shape investor assessment of those factors.