U.S. stock market trading concluded for the day on Friday. At the close, SpaceX shares had risen by $25.95, a gain of 19.22%, finishing at $160.95, which brought the company's market capitalization to $2.10456 trillion.

Following the largest initial public offering in history, SpaceX began trading on Friday at a price of $150 per share under the ticker symbol SPCX.

The intraday peak price reached $176.52.

In a J.P. Morgan live-streamed event prior to the IPO, Musk stated that SpaceX has been cash flow positive since around 2015. He expressed a current desire to take SpaceX public to raise capital for what he termed "a significant growth phase." This phase includes plans to launch over 100,000 communications satellites into orbit and construct artificial intelligence data centers in space.

Musk, due to his combined holdings in SpaceX and Tesla, is the world's first trillionaire. He founded SpaceX as a reusable rocket manufacturer, but the company's only currently profitable division is its Starlink satellite internet unit.

In February 2026, SpaceX acquired Musk's startup, xAI. This acquisition brought with it the company's data centers, the Grok AI model, a controversial AI chatbot and image generator of the same name, and the social network X (formerly Twitter).

According to its prospectus, SpaceX has accumulated losses totaling $41.3 billion since its founding in 2002.