Space X Debuts on Nasdaq as Shares Jump at Open.

Space X’s revenue is driven largely by Starlink, the satellite broadband network reaching paying customers across 164 countries. However, Space X still reported an operating loss of $1.943 billion as capital spending on Starship, the x AI merger and orbital AI data centers ramps up. Tesla disclosed a $2 billion equity stake in Space X in its Q1 2026 filing, alongside a joint semiconductor fab at the Gigafactory Texas campus.

Space X President Gwynne Shotwell and Chief Financial Officer Bret Johnsen rang the Nasdaq Market Site opening bell in New York City at 9:30 a. m. local time as U.S. markets opened. The gap between Thursday’s $135 pricing and Friday’s $150 open already shows how quickly sentiment around SPCX can shift on a day like this. Volume and intraday swings could intensify into the close.

With Space X widely viewed as a dress rehearsal for a new generation of mega-listings, market participants will also be watching for signals on investor appetite ahead of forthcoming IPOs for AI heavyweights Anthropic and Open AI. Musk’s coronation as the first person in history to be worth $1 trillion is likely to add fuel to the debate over wealth inequality and the rising power and wealth of America’s richest tech founders. The Nasdaq debut also reshapes the global wealth leaderboard.

On Thursday, protesters gathered outside Market Site to protest the IPO amid continued allegations that Grok, part of x AI, a subsidiary of Space X, allowed users to create non-consensual, sexualized deepfake images before the IPO debut.