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SpaceX shares gain 21% as trading begins, valuing Elon Musk's rocket company at more than $2 trillion

CNBC · Jun 12, 2026, 4:27 PM · Also reported by 4 other sources

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  • Space X shares soared on Friday as trading commenced on the Nasdaq, driving the rocket company's valuation above $2 trillion after a record-setting initial public offering.
  • The Elon Musk-led space company's stock was last trading 23% higher in midday trading to $166 a share, putting its market value at $2.17 trillion.

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Space X shares soared on Friday as trading commenced on the Nasdaq, driving the rocket company's valuation above $2 trillion after a record-setting initial public offering.

The Elon Musk-led space company's stock was last trading 23% higher in midday trading to $166 a share, putting its market value at $2.17 trillion.

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