{"id":1094,"date":"2026-06-12T12:37:46","date_gmt":"2026-06-12T12:37:46","guid":{"rendered":"https:\/\/trustedmovinggroups.com\/?p=1094"},"modified":"2026-06-12T12:37:46","modified_gmt":"2026-06-12T12:37:46","slug":"spacex-largest-ipo-ever-set-to-begin-trading-today","status":"publish","type":"post","link":"https:\/\/trustedmovinggroups.com\/?p=1094","title":{"rendered":"SpaceX, largest IPO ever, set to begin trading today"},"content":{"rendered":"
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SpaceX, the largest IPO to ever hit the public market, will begin trading on Friday morning.<\/p>\n

Read more Data center opponents have blocked or delayed projects worth nearly $130 billion in 2026, study finds<\/a><\/p>\n

Shares of the company, which will be listed under the ticker symbol SPCX, will begin to show price indications at 9:50 a.m. ET, according to a notice from the Nasdaq stock exchange.<\/p>\n

<\/div>\n

While early quotes can be a guide as to where an IPO will open, the process to begin trading typically takes hours, with dozens of banks and the company itself working through orders that are flooding in from hopeful investors.<\/p>\n

On Thursday, SpaceX and its bankers set $135 as its IPO price, giving the rocket company a $1.77 trillion value before shares even begin to trade.<\/p>\n

The stock debut comes at a time when the AI-fueled euphoria on Wall Street has never been higher. Despite a war with Iran that has stretched into a fourth month, major stock indexes continue to notch record highs, thanks primarily to shares of AI-linked companies.<\/p>\n

John Waldron, president of Goldman Sachs, said the SpaceX IPO is a sign that there\u2019s an appetite to fund the artificial intelligence boom. <\/p>\n

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\u201cIt shows you that the capital markets \u2014 led by the US capital markets, but the global capital markets \u2014 are demonstrating a willingness to finance this AI infrastructure build and this build in space,\u201d he told Bloomberg Television in a Friday morning interview.<\/p>\n

Goldman Sachs is the lead underwriter of the SpaceX offering, along with Morgan Stanley, JPMorgan Chase, Bank of America and Citigroup. There are more than a dozen additional banks involved in the process. <\/p>\n

Not everyone is convinced by the high valuation, though. <\/p>\n

Analysts at Morningstar wrote last week that they believe the company is \u201covervalued\u201d given its financials. The company has yet to generate a profit and produced roughly $19 billion in revenue last year. \u201cWe value SpaceX at $780 billion,\u201d the analysts wrote.<\/p>\n

One of SpaceX\u2019s top leaders, chief operating officer Gwynne Shotwell, dismissed skeptics in an interview on CNBC Friday morning.<\/p>\n

Read more Empty seats on World Cup\u2019s opening day renew ticket price concerns<\/a><\/p>\n

\u201cLook at our track record, look at our history,\u201d she said. \u201cWe do really difficult things.\u201d<\/p>\n

<\/div>\n

She also cautioned that that SpaceX is operating more for the long term than for quarterly earnings reports.<\/p>\n

\u201cI do not want to focus on quarterly earnings,\u201d she said. \u201cI\u2019m not saying we\u2019re not going to do right by our investors, but what folks who invest in SpaceX need to know is that what we\u2019re doing is very futuristic.\u201d<\/p>\n

The IPO, which may also be viewed as a referendum on Musk himself, will be closely watched by those invested in the company \u2014 and those who are not.<\/p>\n

Musk is a politically and socially divisive figure who uses the social media platform X, a SpaceX subsidiary, to promote a nativist, far-right agenda around the world.<\/p>\n

SpaceX, in its IPO filing, said it planned to offer 30% of the IPO to everyday investors through retail brokerages such as Fidelity, Morgan Stanley\u2019s E-Trade, Charles Schwab, and SoFi. <\/p>\n

\u201cThere are plenty of options being put in place for retail\u201d investors, Waldron said. \u201cI think you\u2019ll see plenty of opportunities for retail to invest.\u201d<\/p>\n

<\/div>\n

It will also be a test of the markets themselves. <\/p>\n

Waldron said \u201cmany of us have been preparing for this for a long time,\u201d including the Nasdaq stock exchange and the banks themselves.<\/p>\n

Read more \u2018Captain America\u2019 Christian Pulisic has played under pressure before, but nothing like this World Cup<\/a><\/p>\n

\u201cA lot of preparation has been put in place,\u201d he added. <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

SpaceX, the largest IPO to ever hit the public market, will begin trading today<\/p>\n","protected":false},"author":1,"featured_media":1093,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1094","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence"],"yoast_head":"\nSpaceX, largest IPO ever, set to begin trading today - Trusted Moving Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trustedmovinggroups.com\/?p=1094\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SpaceX, largest IPO ever, set to begin trading today - Trusted Moving Group\" \/>\n<meta property=\"og:description\" content=\"SpaceX, the largest IPO to ever hit the public market, will begin trading today\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trustedmovinggroups.com\/?p=1094\" \/>\n<meta property=\"og:site_name\" content=\"Trusted Moving Group\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-12T12:37:46+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/trustedmovinggroups.com\\\/?p=1094#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/trustedmovinggroups.com\\\/?p=1094\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/trustedmovinggroups.com\\\/#\\\/schema\\\/person\\\/98cd83efb686ecde03e082abca618eaa\"},\"headline\":\"SpaceX, largest IPO ever, set to begin trading today\",\"datePublished\":\"2026-06-12T12:37:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/trustedmovinggroups.com\\\/?p=1094\"},\"wordCount\":614,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/trustedmovinggroups.com\\\/?p=1094#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/trustedmovinggroups.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/63cc33942c99bec4badf9d2c803a5893.webp\",\"articleSection\":[\"Artificial intelligence\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/trustedmovinggroups.com\\\/?p=1094#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/trustedmovinggroups.com\\\/?p=1094\",\"url\":\"https:\\\/\\\/trustedmovinggroups.com\\\/?p=1094\",\"name\":\"SpaceX, largest IPO ever, set to begin trading today - 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