SpaceX completed its initial public offering on June 12, raising more than $75 billion and achieving a valuation near $2 trillion. The listing also brought xAI into public markets for the first time.
Shares opened at $135 and closed 19 percent higher at $161 on the first day of trading. The stock later climbed to an all-time high of $225.64 on June 16 before settling around $170 by the end of the month.
Elon Musk, who holds 42 percent of the shares and 85 percent of the voting power, briefly became the world's first trillionaire with a net worth peaking at $1.32 trillion. His wealth has fluctuated with the stock price.
SpaceX reported $18.5 billion in revenue for 2025 but posted a nearly $5 billion loss, driven largely by spending on AI infrastructure. The company is set to join the Nasdaq-100 before the market opens on July 7 under a new rule that bypasses the standard waiting period.
Officials have discussed including SpaceX stock in new custodial investment accounts for children. Separately, OpenAI is now expected to delay its own public offering until 2027.
