SpaceX shares open above IPO price as Musk reiterates Moon and Mars goals

SpaceX shares opened at $150 on June 13, above the company’s $135 IPO price, after Nasdaq opening indications swung from as high as $175 to as low as $150 during price discovery before the stock later traded above $160. The listing raised $75 billion at a $1.765 trillion valuation, and a later post said the stock surged more than 30% to a record high that implied a market capitalization of about $2.3 trillion, which it said would make SpaceX the world’s sixth-largest public company. After the Nasdaq bell-ringing ceremony, Elon Musk spoke remotely from Starbase in Texas and restated SpaceX’s long-term focus on sending humans to the Moon and Mars, while also citing Starship, Starlink and longer-term plans such as space AI data centers. The Wall Street Journal reported Goldman Sachs and Morgan Stanley may each receive about $100 million in underwriting fees, while Bloomberg Billionaires Index-based reporting said Musk’s net worth rose above $1 trillion after the debut. A separate claim that Goldman Sachs and Morgan Stanley had each allocated $15 billion in IPO shares remained unverified in the available reporting.