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BREAKING: June 12, per CNBC — SpaceX is set to start trading in 5 minutes.

June 12 marked the first day of SpaceX’s U.S. initial public offering (IPO). Its shares opened at $150 apiece, against an IPO price of $135 per share. This puts the company’s market capitalization at $1.96 trillion, a 12% increase from its $135-per-share IPO price.

On June 12, SpaceX kicked off its U.S. stock IPO, with shares opening at $150 on the first trading day. This valuation lifted the aerospace giant’s market capitalization to $1.96 trillion, briefly making Elon Musk the world’s first trillionaire.

On June 12, Nasdaq announced that SpaceX’s stock trading won’t kick off for several hours. The exchange’s president noted that extra time is needed to ensure the IPO proceeds are managed in an orderly fashion and to finalize the correct share price.

June 12 — Per public disclosures, SpaceX’s first post-IPO trade will go live hours after the U.S. stock market opens. SPCX is currently in the order matching and price discovery phase — a key reason why Nasdaq’s indicative opening price for SPCX has fallen from a peak of $175 to $162, a level that remains volatile as order matching continues. Historical patterns show that large-scale IPOs typically start trading after 12:00 PM Eastern Time.

June 12 update: Bitget Wallet has announced that unforeseen market factors have disrupted the planned distribution of SpaceX’s tokenized IPO shares to users. Starting tonight, the platform will issue full refunds in USDT to Solana addresses registered during the original subscription period, covering both subscribers’ principal amounts plus a 5% fee. Bitget Wallet also noted it will continue expanding its tokenized stock IPO business. All users who took part in this subscription will be automatically added to a whitelist for priority access to future tokenized IPOs. As additional compensation, the platform will airdrop GetGas worth 10 USDT to each participating address—this balance can be used to offset gas fees for stock trading over the next month.