Astronomy Prints 🌌: Breaking: SpaceX shares rise nearly 20% in historic IPO

Friday, June 12, 2026

Breaking: SpaceX shares rise nearly 20% in historic IPO

06/12/2026

NEWS ALERT

SpaceX shares rise nearly 20% in historic IPO

SpaceX shares rose on the first day of trading as the company went public in a milestone event for both the company and the broader space industry. SpaceX sold nearly 555.6 million shares at $135 per share in an initial public offering June 12, raising $75 billion before expenses for the company. SpaceX did not change details about the IPO after disclosing the number of shares and pricing June 3.

—By Jeff Foust

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Additional coverage:

As SpaceX gears up to start launching orbital data center spacecraft as soon as next year, astronomers warn those satellites could cause serious interference with their observations.
SpaceX’s IPO prospectus casts Starlink Mobile as more than a remote-area backup, with next-generation direct-to-smartphone services designed to be “on par with terrestrial mobile networks” even in urban areas.
Space companies and investors in Europe are closely watching SpaceX’s plans to go public, an event that could spur new investment in other companies.
From 2011: A Q&A with Elon Musk, CEO of SpaceX.

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