Jun 12, 2026 · 6 min
SpaceX debuts on NASDAQ at historic $1.8 trillion valuation
SpaceX Debuts on NASDAQ; Adobe Reports; Exxon Mobil Dips
The public listing of SpaceX marks a landmark moment for the commercial space economy, while sudden executive turnover tests Adobe's resilience.
- 1SpaceX launched its historic NASDAQ IPO at $135 per share to reach a valuation of nearly $1.8 trillion.
- 2The massive SpaceX debut sparked positive momentum and lifted stock prices across other space-related companies.
- 3Adobe shares tumbled following the sudden departure of its CFO despite beating second-quarter earnings expectations.
The brief
SpaceX has made its historic debut on the NASDAQ, pricing its IPO at $135 a share to achieve a staggering valuation of nearly $1.8 trillion, marking a monumental shift in the commercial space sector.
The massive public listing is already generating a powerful halo effect across the market, lifting the stock prices of other space-related companies riding the wave of investor enthusiasm.
Meanwhile, Adobe experienced a sharp stock decline. Despite beating its second-quarter earnings estimates, the sudden departure of its chief financial officer spooked investors.
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