SpaceX market cap tops $2 trillion after shares of Elon Musk's rocket company gain 19% on debut
Tesla, another Musk-led company, swung between gains and losses in Friday's session. The electric vehicle maker — which is a top stock among retail investors — is worth less than SpaceX by market cap.Retail traders raced to get in on SpaceX's IPO given their broad support for Musk following Tesla's success. Yet SpaceX allocated a smaller-than-expected portion of its IPO to the retail class, a source told CNBC.Still, SpaceX was the most-bought stock by retail traders on net in Friday's trading, data from VandaTrack shows.
- ▪Tesla, another Musk-led company, swung between gains and losses in Friday's session.
- ▪The electric vehicle maker — which is a top stock among retail investors — is worth less than SpaceX by market cap.Retail traders raced to get in on SpaceX's IPO given their broad support for Musk following Tesla's success.
- ▪Yet SpaceX allocated a smaller-than-expected portion of its IPO to the retail class, a source told CNBC.Still, SpaceX was the most-bought stock by retail traders on net in Friday's trading, data from VandaTrack shows.
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| Original publisher | CNBC — Top |
| Canonical URL | https://www.cnbc.com/2026/06/12/spacex-stock-jumps-2-trillion.html |
| Publication time | Sun, 14 Jun 2026 21:32:00 GMT |
| Retrieval time | 2026-06-14T22:13:02.798Z |
| Last seen | 2026-06-14T22:13:02.798Z |
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Opening excerpt (first ~120 words) tap to expand
Tesla, another Musk-led company, swung between gains and losses in Friday's session. The electric vehicle maker — which is a top stock among retail investors — is worth less than SpaceX by market cap.Retail traders raced to get in on SpaceX's IPO given their broad support for Musk following Tesla's success. Yet SpaceX allocated a smaller-than-expected portion of its IPO to the retail class, a source told CNBC.Still, SpaceX was the most-bought stock by retail traders on net in Friday's trading, data from VandaTrack shows. It was also among the most-discussed stocks in Reddit's popular WallStreetBets forum in the days leading up to the IPO, according to meme stock tracker Breakout Point.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at CNBC — Top.
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