SpaceX’s Stock Surges on First Full Day of Trading

SpaceX’s share price continued to surge on Monday, the company’s first full day of trading, adding to its sharp move higher on Friday after its record-breaking public listing.

Elon Musk’s rocket maker and artificial intelligence company rose 19.6 percent on Monday, surpassing its rise in a frenzied few hours of trading on Friday, when SpaceX rose 19.2 percent in its market debut.

The company announced on Monday that it ultimately had raised $85.7 billion in its initial public offering, after bankers exercised an option to buy more shares from the company at the I.P.O. price. That was significantly more than the $74.4 billion the company initially raised last week, which had already set the record for the largest I.P.O. ever.

SpaceX’s public market debut crowned Mr. Musk, 54, as the world’s first trillionaire and quelled jitters on Wall Street about whether investors would accept the company’s lofty valuation. The I.P.O. has come to be seen as a bellwether for other giant technology companies, namely Anthropic and OpenAI, seeking to go public this year.

Article source: https://www.nytimes.com/2026/06/15/business/spacex-stock.html