The historic initial public offering for the aerospace company commenced trading on Friday, with SpaceX (SPCX) shares opening at $150.

Shortly after the market open, the stock price climbed above $160, propelling the company's total market valuation beyond the $2 trillion mark.

CEO Elon Musk, joining remotely from Texas, and President and Chief Operating Officer Gwynne Shotwell, present at the Nasdaq MarketSite in New York, jointly rang the opening bell to mark the listing.

Prior to the ceremony, Musk stated in a JPMorgan live stream that SpaceX has been generating positive cash flow since around 2015. He explained the decision to take the company public now is to raise capital for a new phase of significant expansion, which includes plans to deploy over one hundred thousand communication satellites into orbit, construct in-space AI data centers, and advance several other major projects.

Combined with his holdings in SpaceX and Tesla, Musk is positioned to potentially become the world's first trillionaire. While the company was founded on reusable rocket technology, its currently profitable segment is the Starlink satellite internet service.

In February 2026, SpaceX completed the acquisition of Musk's artificial intelligence venture, xAI, taking over its associated data centers, the Grok large language model, the controversial AI chat and image generation tool of the same name, and the social platform X, formerly known as Twitter.

According to data disclosed in the IPO prospectus, SpaceX has accumulated total losses of $41.3 billion since its founding in 2002.