Why SpaceX Stock Soared Today

Key Points SpaceX investors, we have blast off. The Starship builder achieved a staggering $2 trillion valuation. Shares of SpaceX (NASDAQ: SPCX) surged on Friday after the rocket and satellite technology leader made its stock market debut. Image source: The Motley Fool. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » An epic IPO SpaceX's initial public offering ( IPO ) was perhaps the most highly anticipated trading event of the year. The Elon Musk-led space exploration company sought to raise a whopping $75 billion dollars to fund its audacious growth initiatives, which include placing data centers in low Earth orbit, building a city on the Moon, and, eventually, establishing a colony on Mars. To raise that hefty sum, SpaceX sold more than 555 million shares of its stock to investors at an IPO price of $135 per share. Yet demand for the space titan's stock was through the roof, vastly exceeding supply. SpaceX's stock price, in turn, opened at $150 per share when it debuted on the Nasdaq on Friday. It quickly rose as high as $176.52 before ending the trading day at $160.95. That closing price placed its market capitalization at a stunning $2.1 trillion . Investors should brace for volatility While SpaceX's long-term plans are straight out of a sci-fi movie, its near-term goals will also require impressive technological execution. The space explorer intends to expand its popular Starlink satellite-based internet service, advance its aggressive rocket development timelines, and further its artificial intelligence (AI) infrastructure build-out. In the coming days and weeks, shareholders should expect SpaceX's stock price to move violently in both directions, as investors react to what are likely to be breathtaking successes and heartbreaking failures as we embark on this space odyssey. Longer term, SpaceX could reach unimaginable heights if it can fulfill its awesome growth potential. Should you buy stock in Space Exploration Technologies right now? Before you buy stock in Space Exploration Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Space Exploration Technologies wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $438,283 !* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,257,427 !* Now, it’s worth noting Stock Advisor’s total average return is 938 % — a market-crushing outperformance compared to 206% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor , and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of June 12, 2026. Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool recommends Nasdaq. The Motley Fool has a disclosure policy .