Will SpaceX close on its first day of public trading above Musk's target price of $135 per share?
69% of users predicted YES — the community got this one right. 29 predictions cast.
SpaceX shares closed at approximately $161 on June 12, 2026, the company's first day of public trading on the Nasdaq under the ticker SPCX — about 19 percent above the $135 IPO price Musk had set as his target. SpaceX had priced the offering at $135 per share on the evening of June 11 and opened trading the following morning at $150 before climbing further through the session.
The 19 percent first-day gain reflected strong institutional and retail demand for a company that had operated privately since its 2002 founding. SpaceX's market capitalization exceeded $2 trillion at close, making the debut the largest IPO in U.S. stock market history by that measure. The Dow, S&P 500, and Nasdaq each rose on the same session, providing a favorable broad-market backdrop for the listing.
SpaceX's pre-IPO valuation in private secondary market transactions had been rising steadily through early 2026, and institutional investors oversubscribed the offering before it priced. The strong first-day close confirmed demand that had been building for months. The community correctly anticipated a close above $135, with 69 percent voting yes.