SpaceX Surges 25% on Day One — Now Worth More Than TSMC, Tesla, and Saudi Aramco

Live Coverage – SpaceX (SPCX) is surging on its first day of trading. The stock hit $168.76 – up 25% from the $135 IPO price – making SpaceX the 7th most valuable company on Earth within hours of going public.

Day One Scorecard

Instant Top 10

SpaceX entered the public markets and immediately became one of the most valuable companies on the planet:

Notice what the top 7 have in common: six of them are AI companies or AI infrastructure providers. Nvidia (GPUs), Google (Gemini), Apple (harness layer), Microsoft (Azure + Copilot), Amazon (AWS + Graviton), TSMC (chips), SpaceX (connectivity + orbital compute). Saudi Aramco is the only non-AI company in the top 9.

The global market cap leaderboard IS the Map of AI.

What a 25% Day-One Pop Means

For context on IPO pops:

• Facebook (2012): Opened flat, closed +0.6%. Widely seen as a weak debut.
• Alibaba (2014): +38% on day one. Massive demand.
• Uber (2019): -7.6%. Market rejection.
• SpaceX (2026): +25%. On the largest IPO in history. At a $2.2T valuation.

A 25% pop on a $75 billion raise means demand massively exceeded supply. Institutional investors who got allocation are sitting on instant profits. Retail investors buying at $168 are betting the infrastructure thesis has years to compound.

The Infrastructure Premium

SpaceX at $2.2T is worth more than OpenAI ($852B) and Anthropic ($200B) combined – with room to spare.

The market is telling you something structural: the pipes are worth more than what flows through them.

OpenAI builds the intelligence. Anthropic builds the safety layer. But SpaceX builds the physical infrastructure – launch, connectivity, and potentially orbital compute – that everything else depends on. The Enabler layer captures the most durable rents.

Related:
SpaceX IPO: Full Analysis
SpaceX: 1M Orbital Data Centers
MANGOS: The New FAANG
Map of AI

Sources: CNBC, Investing.com, TradingView, Google Finance (June 12, 2026 – live)