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SpaceX IPO: Tesla Investors Brace for Impact
13 Jun
Summary
- SpaceX IPO price set at $135 per share on June 12.
- Tesla owns 19 million shares of SpaceX, impacting its investments.
- Tesla stock down 9% in 2026 despite new product launches.
SpaceX commenced its initial public offering on June 12, offering shares at $135 each and aiming to raise approximately $75 billion. The company, founded by Tesla CEO Elon Musk in 2022, is now listed on the Nasdaq Global Select Market under the ticker SPCX.
The aerospace manufacturer's stock surged over 22% in early trading on June 12, outperforming major Nasdaq movers. This IPO marks the largest in history, drawing significant attention from investors.
Tesla, which holds 19 million shares of SpaceX, may see its investment portfolio significantly affected by SpaceX's stock performance. Some investors might sell Tesla shares to invest in SpaceX, potentially impacting Tesla's share price.
Tesla's stock has experienced a 9% decline in 2026, settling at $396.24. This comes despite the introduction of the Model Y Juniper and its robotaxi service, Cybercab. Production of the Model S and X has been paused to focus on the development of the Optimus humanoid robot.
Tesla continues to produce popular models like the Model 3 and Model Y, alongside the Cybertruck. However, the company will cease new production of the Model S and X after 2026. The Model Y remains the most popular, starting at $39,990.
