Tesla Inc. shares remained relatively stable on Friday after SpaceX began trading in a record-breaking initial public offering [1], [2].
The market activity highlights how investors are decoupling the two companies led by Elon Musk, suggesting that the aerospace venture's debut may not fundamentally disrupt Tesla's valuation.
SpaceX began trading at 9:30 a.m. ET on June 12, 2026 [3], [4]. The company raised $75 billion in its IPO [3]. Shares were priced at $150 each and opened 11% higher at the start of trading [5].
Tesla stock experienced some volatility surrounding the event. Ahead of the SpaceX opening, Tesla shares traded between a high of $404.30 and a low of $391 [6]. Immediately after the SpaceX opening trade, Tesla stock dropped more than two percent [7].
Despite the initial decline, the stock recovered quickly. Tesla shares climbed back to trade near the flatline shortly after the dip [7].
Market analysts said that investors remained primarily focused on the historic nature of the SpaceX listing [8], [9]. This focus limited the spill-over effect on Tesla's price, preventing a sustained sell-off or significant rally as the trading day progressed.
“SpaceX raised $75 billion in its IPO”
The stability of Tesla's stock during the SpaceX IPO suggests that the market no longer views the two companies as a single financial entity. By treating the SpaceX listing as a separate event rather than a catalyst for Tesla's volatility, investors are indicating that the aerospace company's massive capital raise does not detract from the perceived value of the electric vehicle manufacturer.
