SpaceX is selling shares to the public for the first time on June 12 for an initial public offering (IPO) price of $135 a share. It’s raising nearly $75 billion by selling 555.6 million shares, according to a Securities and Exchange Commission filing.
The American aerospace manufacturer was founded by Tesla CEO Elon Musk. Companies that Musk is involved in frequently collaborate, and many expect a potential merger between Tesla and SpaceX.
The SpaceX IPO is the largest in history. Here’s what Tesla fans and investors need to know about how SpaceX’s IPO could impact Tesla stock.
What Is SpaceX’s Stock Ticker?
SpaceX now trades on the Nasdaq Global Select Market. Its stock ticker is SPCX. Retail investors and institutional buyers can purchase shares of SpaceX stock.
The American aerospace manufacturer opened trading at $150 a share. Its share price rocketed to over $168.00 before noon, surging over 22% so far, making it extremely volatile.
Its percentage gains are out-performing Nasdaq market movers like Seagate Technology Holding (STX), Intel Corp (INTC), and more on June 12.
Does the SpaceX IPO Impact Tesla Stock?
Tesla owns a whopping 19 million shares of SpaceX stock, says Yahoo Finance. Large percentage changes in SpaceX’s share price will greatly impact Tesla’s investment in the company. Additionally, many retail investors could sell Tesla stock shares to free up capital and purchase SpaceX shares.
Tesla stock stands at $396.24 at the time of writing. It has dropped over 8% in the last month and 13% over the last six months. Wall Street speculation of a potential merger between SpaceX and Tesla is intriguing for investors interested in owning shares of both companies through a potential new entity.
How Has Tesla Stock Performed in 2026?
Tesla stock is down 9% from its Jan. 2 share price of $438.07. It’s up about 24% year-over-year. Key developments for 2026 include the introduction of the Model Y Juniper and the Cybercab, Tesla’s robotaxi service.
The Model 3 sedan and Model Y electric SUV remain two of the best-selling electric vehicles in the country and two of the most competitive EVs available globally.
Musk said the Optimus humanoid robot could be its “biggest product ever” and stopped production of the Model S and Model X to make room to produce the robots. It has been a transformative year for Tesla in terms of developing products and services for the future.
SpaceX’s IPO could be exciting for Tesla fans, but it’s too soon to tell how it will impact Tesla’s share price or affect the company in the long run.
What Cars Does Tesla Make in 2026?
Tesla makes the Model 3 electric car and Model Y small electric SUV. You can still buy a Model S electric sports car and Model X midsize electric SUV, but the company will no longer produce new models after 2026. Tesla also makes the Cybertruck, one of the few full-size electric pickup trucks available in America.
The most popular Tesla vehicle is the Model Y small electric SUV. It starts at $39,990 before taxes and additional fees. The Model Y comes in five trims. It produces 295 horsepower and has 321 miles of driving range.
When it comes to driving range, practicality, and access to reliable EV charging, Tesla vehicles have dominated the EV market. Investors in the Tesla brand may be exposed to SpaceX, whether they like it or not, following its historic IPO.
Charles Singh is an Autos Connect Reporter for The Tennessean, part of the USA TODAY Network.
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