New York, 12 June 2026 – SpaceX shares surged in their first day of trading on Nasdaq, marking one of the most closely watched stock market debuts in recent years and giving public investors direct exposure to Elon Musk’s commercial space, satellite internet and artificial intelligence ecosystem.

Trading under the ticker SPCX, SpaceX closed at US$160.95 on Friday, up 19.2% from its initial public offering price of US$135. The stock rose as much as 30.7% intraday, reflecting strong investor demand for a company that has reshaped the global space industry through reusable rockets and built one of the world’s largest satellite internet networks through Starlink.

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Author

Tim Clark

Tim Clark is a Senior Geopolitical Analyst for The Ledger Asia, specializing in the intersection of international relations and market stability. With over a decade of experience, Tim provides deep-dive insights into Indo-Pacific security, global supply chain resilience, and the strategic competition between major powers.

Previously a consultant for leading international think tanks, he focuses on how shifting diplomatic landscapes and maritime disputes impact corporate governance and trade policy. At The Ledger Asia, Tim’s analysis equips readers with the clarity needed to navigate the complex regulatory and economic environments of Southeast Asia and beyond.