Technology

SpaceX shares soar 30% midday, vaulting it to top six most valuable U.S. companies

TechCrunch • Fri, 12 Jun 2026

The company made its heavily anticipated debut on Friday, trading higher than its initial $135 IPO price.

What happened?

The company made its heavily anticipated debut on Friday, trading higher than its initial $135 IPO price.

Story details

The company made its heavily anticipated debut on Friday, trading higher than its initial $135 IPO price.

Why it matters

This story helps build a stronger internal English tech archive around Technology, giving search visitors more reasons to keep browsing the site instead of bouncing after a single headline.

Original source

https://techcrunch.com/2026/06/12/spacex-shares-soar-30-percent-midday-vaulting-it-to-top-six-most-valuable-us-companies/

Elon Musk's net worth has passed the trillion-dollar mark after SpaceX's IPO. His net worth, which was hovering around $800 billion before the IPO, includes the value of his 4.8 billion shares in SpaceX, along with his wealth from his other companies, like Tesla. Shares of SPCX opened at $150 and have remained well above […]

How Tesla’s Stock Listing in 2010 Enabled SpaceX’s I.P.O.

Investors who bought the automaker’s shares in its initial public offering became rich. As a result, many have a deep faith in Elon Musk, the chief executive of Tesla and SpaceX.

The world’s first trillionaire is a killer

Elon Musk's SpaceX IPO will probably make him the richest person to ever walk the planet. And while his mountain of horrible personal conduct could fill multiple books, one fact in particular stands out: A year ago, Musk's actions directly led to the deaths of hundreds of thousands of people. He did it knowingly. And, […]

Who is Elon Musk and what is his net worth?

The boss of X, Tesla and SpaceX, already the world's richest person, is now also its first trillionaire.